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Old 10-04-2005, 01:02 AM  
BoNgHiTtA
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Join Date: May 2003
Location: Seattle
Posts: 2,176
Quote:
Originally Posted by warlock5
Everyone who has posted in this thread so far needs to read this article: http://www.mises.org/story/1699
Yes, very good article. Outsourcing makes other countries able to trade with us, inturn strengthening our own economy. If we can produce a widget at 5.00, and another country can at 3, we will consume widgets at 3 dollars, diminishing our own ability to sell widgets for 5. However, as the other country gains from the sale of widgets, there economy will strenghten, and the cost to make widgests will rise. Eventually (though maybe not in our life), this country will no longer be able to make widgets at below our cost, and we will begin to make widgets again.

Allowing other countries to gain money only helps us in the long run. But people don't like the 'short' run.
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