Quote:
Originally Posted by Paul Markham
Then why are so many of the goods we buy made overseas? The shoppers choose Walmart because that's all they can afford. Walmart buys from China because it's cheaper.
I used to be in the dress manufacturing trade. In the 1970s we were competing with clothes that were selling in a wholesalers cheaper than we could produce it in the factory. The car business collapsed because of the price of imports. the porn business collapsed because of the price of online porn. People always buy on price.
For the real truth look at the balance of trade over the last 50 years and then think of how it's going to be reversed.
http://www.census.gov/foreign-trade/...ical/gands.txt
Look at the truth and not stories of these mega businessman who have time to waste on GFY. |
Look towards the future Paul. Not the past. China is only a few years out from having to pay their working class the same amounts that we pay in the US. China has been successful building their economy on the backs of US consumers and jobs. Once China catches up to the US in wages, then they will have their own market to sell the products they produce.
To answer your snide remark. There are no mega-businessmen here. There are several small business owners that are here. I am about your age Paul. I have been doing what I do for my entire career. Take it for what it's worth.