Quote:
Originally posted by directfiesta
Outsourcing will cost more ....
Walmart will pay more for goods
and so on. ....
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Actually, it could be a lot worse than that.
Until now, North America has tolerated the 'patience' extended to China's ongoing human rights and freedom of speech violations, but recent media stories suggest that things are getting worse than better.
Consumers are finding it harder to believe that cutting China some slack and developing a trade relationship with them (more like addiction to them) will allow for a gradual improvement in their social development.
I remember the first time a friend of mine grabbed my arm in 1996, strongly suggesting I put that 'made in China' product down in the store. I did not understand then, but you don't have to look far to realize that the North American way of life DEPENDS on the huge differential between our world and that of those who provide for us.
You try making some of the products you can pick off the shelf in any big box store. And the compare your cost to what you can buy it for - it's not even close.
If China continues on a trend of suppressing freedom of speech, censoring media and internet access, violating other human and civil rights, the critical mass of consciencious consumers might be reached and, regardless of currency values, willingness to buy goods from the currently largest source for our lifestyle may be serious squelched.
And the potential fallout from this is unimaginable.
-Dino