Keith Hudson wrote: > His diagnosis of the lost jobs in that industry (those that have now gone > to China) is superb. Unfortunately, his solution (high tariffs against > Chinese products) is fallacious.
It is absurd that the neo-cons attack tariffs as "market distortions", but at the same time they never attack the much bigger market distortions which consist of the much lower wages, labor & enviro protection regulations (i.e. costs!) and general living standards (housing costs, factory rents etc.) in China versus the West. With these massive distortions in competition, workers and entrepreneurs in the West don't have a chance of competing with Chinese slaves and sweatshop dictators. This massive distortion could only be compensated by large tariffs, or separating the markets (undoing "globalization") -- or (in theory, because that would ruin the planet even more) by increasing the level of Chinese wages, regulations, standards of living to those of the West. Of course the profiteers of the job outsourcing prevent this correction from happening, misleading people with smoke&mirrors about the problem, and blaming the victims. As for "improving our technology": After the famous Pentium FDIV bug ( http://www.cs.earlham.edu/~dusko/cs63/fdiv.html ) and other bugs, the Intel boss Grove is pretty much discredited as an advisor on quality. Chris ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SpamWall: Mail to this addy is deleted unread unless it contains the keyword "igve". _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
