Quote:
Originally Posted by bhunter
Comparative advantage only works when all players in "free trade" play fair. Gee, I'm sounding like a union member supporting tariffs and industrial protection mechanisms.
Was it consumer electronics that first made inroads for Japan here in the US, then followed by automobiles in the late 1960s and early 1970s?
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So? Is what we're doing working? No.
And then steel in the mid-seventies. Then the "tech bubble" burst and went over seas, telemarketing, IT...............what's next?
And the brilliant answer is to drive Americans to their knees and reduce them to the sad level of their competition?
Really? Is that what we
really want? Oh, that's right, it's the "patriotic" thing to do, "real men" and "Great Americans" just shut up and take their lumps. Yeah. Okay. Think about that for a minute or two.
Dave