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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 152.66+0.7%Feb 2 3:59 PM EST
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To: Maurice Winn who wrote (75142)3/4/2008 11:45:23 AM
From: ironair  Read Replies (1) of 197472
 
EU protectionism cannot be ignored as in the past. US needs to recognize that the world is changing and its uncoordinated (in a positive sense!) policies are being expoited, to the detriment of businesses that have chosen its jurisdiction to establish, grow, innovate and employ people.

It would be a very positive thing if all countries and regions followed a US-like free market construct.

In the past, the US's dominant position has allowed it to be relatively unharmed by purposefully ignoring the compettive inequities brought about by the coordinated efforts of the EU and its member states.

However, the US is no longer unharmed. The continued progress of BRIC countries to build their economies and serve host to very strong global competitors has drained the US of a significant part of its production.

The argument is that the US is keeping the high value added businesses, and thus the loss of more commoditized businesses is being remedied by the market.

The problem is, in the face of this evolution, European govermental entities are interfering with market forces in order to protect businesses within their region.

Someone in the US needs to take leadership on this, and call out the Europeans on their unfair and dishonest manipulation of the markets.
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