Posted on 05/20/2003 5:07:02 PM PDT by maui_hawaii
Edited on 07/12/2004 4:03:21 PM PDT by Jim Robinson. [history]
Whenever manufacturers get together today, the topic of conversation invariably turns to China. The threat of SARS dominates today's headlines, but their greater concern is one of economics.
With astonishing speed, China is emerging as a global manufacturing powerhouse. Backed by an inexpensive labor force, rapidly improving production quality, new sources of capital, a more dynamic private sector and a deliberately undervalued currency, China is supplying a growing range of products to the global marketplace.
(Excerpt) Read more at washtimes.com ...
This is a topic in and of itself. Much of the exports to China should be considered 'in transit' items.
IE, say Taiwan used to make the chips and the laptops both. Now though the laptop assembly is outsourced to China. Hence, Taiwan (who still makes chips) exports their chips to the China operations.
The laptops are sold to America and other markets.
China is getting in on the supply chain.
Many people mistake this for "Chinese market"...
"Your corporation will get rich..." and their explaination of what happens to the US market ie worker is "they will figure something out..."
How to deal with the government..."we need an ideology...hence lobby for this...." and they created this pipedream of some huge potential market etc etc. Its no different than the same bull$hit about potential of the internet based company etc etc. Same era and very little difference in intention.
Its never too late.
What it ends up as is that the American consumer needs cheap products because no one can afford anything else, and in the end they are no more profitable for business. Its a lose lose situation.
American money is fueling the continuation of the Chinese government's oppression of its own people.
China is the mortal enemy of freedom in the world. It is the economic enemy of American workers and it is a growing military threat to the United States and to the world.
America is doing this to itself and it is really sad to see us selling out our working people and our principles to a country run by murdering butchers.
History will see us as fools who sold everything to despots who enslaved a billion people and forced them to work at slave wages until their economic power even enslaved or physically destroyed us.
Considering the sad state of these two failed subsidized economies, the only value exported to China is employment.And it isn't the employment of either wealthy individuals or corporations who import Chinese products into America.
The unemployed and the soon to be unemployed must demand "fair trade not free trade".
I admire your optimism, but a 1.3 Billion dollar deficit(2002), is pretty hard to fix. It would take some real effort. The amount of effort needed, can the US muster it?
The "how did you do THIS quarter?" mentality of The Street is driving this far more than anything else. Nothing matters any more but quarterly results. Slip a penney or two below "analysts' expectations" and your stock takes a pounding. Investors howl, the Board gets upset, heads roll. It's that bad.........and I know, because I work for a very, very large publicly traded corporation. That near term mentality is killing American business. If you have to cut costs by shipping your manufacturing overseas, by God, you do it. NOTHING else matters.
The example in #1 is more like it. It represents loss of industry and the spreading of an otherwise Japanese industry over several countries.
Dell: Most desktop PCs, 1U form factor servers.
IBM: Thinkpads.
Cisco: Almost everything.
Sun: Sun Blade 100 / 150; B1600 Blades; V100/120 Server.
Anyone else have names and products to add to the list?
The problem is not in ability, its in politics. For political reasons there is very little being done. It wouldn't be hard at all to derail things. Its just that few want to do it.
Lets apply your same thinking to banking. You put money in, there is no insurance, the banker can put your money into any dot.com he wants, and when the bank goes bust you are stuck out. How about a bank like that?
Rules make for a stable system. Over regulation and micro management sucks for sure. One is not the other though.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.