Originally Posted by Paul Markham

This is the situation today and the problem the West faces.



And that is just China. US workers maybe more productive, not by a factor of 10. So what's the solution?

We could tax the goods coming in at the docks and this tax will pay for the loss of jobs and the investment in the future of the West. This will mean people paying a lot more for an iPad, calculator, shirt, toys, etc. In the shops.

Import restrictions. Tough one, China will not like it.

People pay more in taxes today for investment in future technologies.

Banning the import of goods that were under US/EU patent or copyright protection, isn't going to stem the flow much.

Getting China to revalue it's currency to level the field. Also is a pipe dream. You can't revalue the Chinese, Vietnamese, Philippines, Indian, etc currencies to the level required. Only a fool would offer or think it would work.

Anyone with a better solution is welcome to put them forward. cutting spending = cutting jobs. Cutting taxes 10% won't bring 2.8 million jobs back to the US or the EU. It will result in a loss of jobs or more debt.