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Politics : PRESIDENT GEORGE W. BUSH
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To: Lizzie Tudor who wrote (492185)11/14/2003 2:09:11 AM
From: Lazarus_Long  Read Replies (1) of 769668
 
Thank you. Now: THis is not the first time the US has faced a problem like this. THe US used to OWN the radio business, then the TV business.

Where are they now? Somewhere in Asia. The US did make efforts to stop those cheap imports. Tariffs. Fairly useless; it was simply too expensive to pay American wages to US citizens to make them. Who wants to pay $500 for a small plastic transistor radio?

Those manufacturing jobs were lost. Did the US collapse? No. By the time they left, they were antique anyway. The US moved on to higher end products and made yet more money. You think that parabolic US GDP curve is an accident?

Is it getting harder to stay ahead? Yeah, probably. But what are you going to do? Make entirely homegrown routers that cost $50,000 apiece when Malayasia can make and sell better ones for $500? What sort of trade balance do you think you will get out of this? Who except US companies will buy them? And they will only buy them if you lock out the cheaper ones. And if they can, they will just move their whole company overseas.

It's an interconnected world now. You learn to live with that or die by it. There is no backing up to The Good Old Days.

I don't remember you screaming about globalization when Clinton was in office. Does it only become bad when Bush is President?
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