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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: MrLucky who wrote (421066)	4/10/2011 12:54:04 PM
From: skinowski	1 Recommendation Read Replies (1) \| Respond to of 793866

MrL., I was never able to grasp the argument against outsourcing. The way I see it it can only be accomplished through a combination of impeding the free flow of capital - and tariffs on imports. Capital these days moves with the speed of light. If the government will stop companies from making overseas investments which they feel are in their interest, the companies will find ways to relocate. Investment in the US would decline. Moreover, other nations would take lead - and invest in the rapidly growing Asian "tigers". The net result would be that the rest of the world will be flooded with cheap goods (of constantly improving quality) - while we would be forced to pay high prices to our protected domestic manufacturers. I am very much aware what a huge problem it is to compete with countries like China, with their highly motivated - and lower paid - population. I realize that there is danger - if we don't play it right - of becoming economic underdogs... I just can't see how any attempt at locking in capital and limiting trade can possibly help us. Perhaps, cutting down on regulation and on government - and releasing the creative energies of capitalism - would be a more promising path.