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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Raymond Duray who wrote (495181)11/18/2003 10:16:51 PM
From: Lizzie Tudor  Read Replies (3) | Respond to of 769667
 
I have never advocated closed markets of any kind. My issue is with dumping, an entirely different matter.

Closed markets say that German software company SuSE cannot sell software here- I do NOT advocate that. The drug situation is the same deal. Because our markets are protected, we pay 10x the price and subsidize other nations drugs. The real sad story here is that if you are going to protect an industry, DRUGS would not be one you would choose to benefit the US, because drug companies have low employment levels. The only people who benefit from a protected drug industry are a few people at the top of Genentech.

Dumping is another matter as is IP theft and those issues need to be dealt with.

BTW if you are going to start a trade war, as it seems Bush is trying to do, textiles would not be the industry to protect, because virtually every country can produce textiles for cheaper than US, not just China. A trade war with Japan over cars, or a trade war with China over software, would be industries worth fighting for where China plays a pivotal role. Are cotton bras worth a trade war, not to me.