Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (40650)	11/1/2003 8:14:05 PM
From: elmatador	Read Replies (1) of 74559

Haim, is a one-man minority deciding to pay more for sofa made in the US. And even if people does that: The guys discover that brinign a sofa from China and wrapping around the upholstery qualifies to call it made in US and profit from Haim's decision. I know a little about protectionism to very much against it. Haim things this way because he leaves in a country where cheap things available is part of the mindset of the people. America invented "pile them high, sell them cheap". Which is the right way to do. One person in the US has to earn less money than one Brazilian to have a similar standard of living. Because there most things are expensive because of colsed economy, protection of local companies or multinationals that arrived first, all that the remains of the ideas of CEPAL and Raul Prebisch.

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