Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (18221)	3/6/2004 6:47:44 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

Tell me how it is essentially different, buying a circuit board or an intangible intellectual property or skill from overseas? Sure, looking at the difference between Google R&D offshore vs. procuring a tire from China, the first case involves making an investment that partially never returns to the US, that is the brain of the Google engineer who now will likely transfer that IP elsewhere with no allegiance to the USA because he/she is not an american, EVEN THOUGH Google as a company could never have existed without the US university infrastructure which is largely financed by US taxpayers. In the case of production offshore the IP argument is not as relevant. Its still there just not as pronouced. Anyway lets just look at the near term. We have no job growth now and no job growth coming (we know the new industries are not going to be adding US jobs, the CEOs have said as such). And a 600 billion dollar deficit. What do you propose as a solution to this?

To: GraceZ who wrote (18221)	3/6/2004 7:33:36 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

hey- there's a great economics debate regarding free trade on the c-span site. Professor Gomry (?) of Sloan (president) and another world bank economist from U of Maryland. They both are dismissing classic comparative advantage, this is a democratic session so Mankiw's views are not presented deliberately most likely. The world bank economist is verbose and dull at the beginning but towards the end makes a great point about how the current environment is capital pursuing absolute advantage (which may or may not benefit both parties) vs. comparative advantage. Its 1:15 into the media file, "senate democratic policy committee meeting on outsourcing"- very interesting for anybody interested in this topic. c-span.org