But doing it cheaper isn’t the issue- it’s doing it better. ex: Switzerland doesn’t produce the world’s cheapest watches and chocolate, just the best. They are also self sufficient, and they have lots of gold.
What we need is the removal of the income tax burden on domestic manufacturing. We produce goods here at an instantaneous disadvantage to foreign competitors.
I agree, in general, but when you go to WalMart the merchandise on the shelves is not there because it is the highest quality. It’s there because the WalMart buyers were able to get the best prices on those items, and they were ‘high enough’ quality to be acceptable. Most of us don’t automatically buy the best. We buy the best we can afford or feel comfortable buying.
I absolutely agree about the tax burden. There are also the defensive costs industry has to contend with to protect themselves against product liability etc.