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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: MrLucky who wrote (51305)	3/19/2004 10:07:03 AM
From: MulhollandDrive	Read Replies (2) \| Respond to of 57110

"Everything" was made outside (Asia and South America). It is considered a top end store. I was amazed. I did not check the men's section but assume it was the same. hi DGL... i'm beginning to rethink my opinion on tariffs.. adam smith on tariffs: The recovery of a great foreign market," he wrote "will generally more than compensate the transitory inconvenience of paying dearer during a short time for some sorts of goods." econlib.org the problem i see though, is if you consider his theory of the division of labor (which i think has been empirically demonstrated), companies utilizing technology and the most efficient human capital (the wage differential overseas) is quite rational in a competitive market. the question becomes at what point does the behaviour of rational self-interest on an individual and corporate level become self-defeating to the broader economy (job loss and the associated decline of the domestic consumer's wages) i believe because of efficient division of labor, manufacture of goods in the country is forever changed, the die is cast....

To: MrLucky who wrote (51305)	3/19/2004 11:16:51 AM
From: AugustWest	Read Replies (2) \| Respond to of 57110

Not surprising, it's very difficult to buy "made in USA" any more these days. I know I'm probably a minority in willing to pay more for something made here but even I'm left often with no other choice but to buy Chinese. It's already gotten to the point where the proverbial buggy whip company has gone out of business at the hands of Chinese factories. And its cost prohibitive to start a new factory here when we can't compete with China and their slave labor and their taxes or tariffs. Okay, I'm gonna stop now before I turn this into another rant<G> P.S> I put it to everyone here: Go out this weekend and buy something you need and make it <font color=red>Amer</font><font color=blue>ican!</font>