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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (59258)	4/24/2006 12:34:56 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 110194

<usa made molds and tools, using same swedish/german specialty steel, costs 300 - 3,000% more than china-made same same, in factories owned by everybody from all around the world,> Having spent a LOT of time in the molds and tools industry, supplying the lubricants, spark erosion fluids and other oily product which enable that process, there's not a lot of magic there. There is certainly skill required. But that can be acquired by reasonably talented people and there's no particular reason why Americans, New Zealanders or Japanese should do the work. Nor particular loss if the economic advantage of doing the work moves to China while we specialize in that new-fangled phragmented photon mobile cyberspace stuff instead, or swap massages, or lattes, or music, or something. The bloke across the road is doing a good job with his mold-making technology as far as I could see on a brief discussion. I see no economic dislocation in what he's doing. Better to do it in China and India than here and much better than in Germany or USA. Maybe I should ask him if he wants another shareholder. They could make a load of money with what they are doing. They will supply the know-how which will supply the mold-makers, who will supply the injection molding industry of which there is a LOT. When in The Graduate, young Dustin Hoffman was told that plastics was the industry of the future, it sure was [one of the biggies anyway]. One of the more fascinating episodes over a decade ago was to see a machine in Auckland at a factory being driven from Germany. All the local yokels had to do was buy the machine from USA or Japan or Korea or Germany, establish their business, buy the lump of metal, put it in the machine, put the sharpened tools in the machine, fill it with oil, plug it in and the computer in Germany would run the machine. Now THAT's globalisation. The product might have been enroute to anywhere. This is all great progress. My mother would be thrilled to be alive now to see China making such great success in raising incomes and opportunity. The idea that poor people becoming wealthy, or if not wealthy, at least up to the global average, is a threat, or worrying, is crazy. I am annoyed that NZers are so dopey that we have voted for mediocrity, and to slip down the economic league to somewhere in the also-rans, after a 3rd in the world head-start in the 1950s. Things are never so bad that they can't get worse. Mqurice