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The Chinese economy has been growing at a world leading rate
of 7-8% or so every year. Over the last 20 years millions and
millions of Chinese have made substantial improvements in their lives as the
economy grew. Substantial improvement may mean their children are no
longer in danger of starvation. That is very important.
Globalization of the world economy and free markets have made
these improvements in China. Billions of dollars of investment, much from
the West, has built industry in China. The market system has done
incredible things to improve lives there. No foreign aid system has ever
even dreamed of making similar progress in a poor nation.
This is the context in which I read comparatively wealthy
Americans dismissing the benefits of Chinese industry to the
Chinese.
If we could, through the force of government, create
an America of purely local cottage industry creating shoes
and sweaters and other manufactured goods for mostly local markets, should
we do so? Considered what affect this would have on millions of
people around the world.
Rick Plunkett
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