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To: ketsu
Right now our economy is operating at a net loss(correct me if I’m wrong) which is sustained by an influx of foreign capital.

Capital is a product no less valid than a tangible product. Is the money you spend to go to a movie less important than the money you spend on an iPod? The fact that the iPod is tangible makes no difference as far as economic flows are concerned.

We attract capital because we are the most efficient, open and honest system in the world. So long as we remain so, we have nothing to worry about. Closing our system, imposing more regulations and barriers, would dry things up in a hurry, and be quite counterproductive to what protectionists claim as their goals.

29 posted on 04/18/2007 8:49:00 AM PDT by massadvj
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To: massadvj
Capital is a product no less valid than a tangible product.

What is your definition of capital, maye I ask?

31 posted on 04/18/2007 8:51:21 AM PDT by A. Pole (FReeper: "So trade did not hurt the Indians who sold Manhattan for $24 dollars worth of trinkets?")
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To: massadvj
Capital is a product no less valid than a tangible product. Is the money you spend to go to a movie less important than the money you spend on an iPod? The fact that the iPod is tangible makes no difference as far as economic flows are concerned.
That's a good point. But doesn't that process rely on continuous appreciation of the assets that are the targets of investment? What happens when you hit an inevitable down cycle and your assets are no longer good targets for investment? I'm specifically thinking of disasters in countries like Argentina when investment dried up.

I'm not trying to be a contrarian, just trying to get my head around this.
32 posted on 04/18/2007 8:59:09 AM PDT by ketsu
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To: massadvj
We attract capital because we are the most efficient, open and honest system in the world. So long as we remain so, we have nothing to worry about.

That's they key, but constant attack on those things that made America great (freedom, less gumbmint bureaucracy, resources, entrepreneurs) is eroding that status and crippling the industry with confusing confiscatory tax code, stupid regulations, environazis, unions, rent controls, etc.

Closing our system, imposing more regulations and barriers, would dry things up in a hurry, and be quite counterproductive to what protectionists claim as their goals.

It's not the question of closing our system, but removing crippling regulations, unions, enviro BS that is driving wealth producting manufacturing offshore. I'd rather design new products and make them, than cut the lawn or sKerry's hair.

33 posted on 04/18/2007 9:05:03 AM PDT by Leo Carpathian (ffffFReeeePeee!)
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To: massadvj
We attract capital because we are the most efficient, open and honest system in the world. So long as we remain so, we have nothing to worry about.

That's they key, but constant attack on those things that made America great (freedom, less gumbmint bureaucracy, resources, entrepreneurs) is eroding that status and crippling the industry with confusing confiscatory tax code, stupid regulations, environazis, unions, rent controls, etc.

Closing our system, imposing more regulations and barriers, would dry things up in a hurry, and be quite counterproductive to what protectionists claim as their goals.

It's not the question of closing our system, but removing crippling regulations, unions, enviro BS that is driving wealth producting manufacturing offshore. I'd rather design new products and make them, than cut the lawn or sKerry's hair.

34 posted on 04/18/2007 9:05:09 AM PDT by Leo Carpathian (ffffFReeeePeee!)
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