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Strategies & Market Trends : India Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (423)	3/16/2004 3:29:50 PM
From: Sam Citron	Read Replies (3) \| Respond to of 2517

Cary, You have yet to address the issue of the practicality of using protectionist measures to stem job losses. I have said that I didn't think that preventing outsourcing of jobs would preserve American jobs in the long run because: (1) It would place us at a competitive disadvantage to companies based in other countries who would still take advantage of these low cost pools of skilled labor, and who would then have an "unfair advantage" in selling goods and services worldwide. Naturally we could restrict them from access to our market, but that would start to get very messy with a system of complicated tariffs. (2) It tends to fly in the face of GATT and open trade agreements and risks retaliation and potential devestating trade wars in which everyone loses. (3) It would result in American consumers in effect subsidizing domestic producers. You seem to be calling for radical action in an attempt to insulate ourselves from these worldwide trends. But have you really thought about risks and potential unintended consequences of such a course? Sam