Cliff wrote:

Cell phones, computers - 1980 supercomputer processing in a laptop, GPS
systems in cars, cars that last longer than 100,000 miles, plasma TVs,
etc.

Some of the car sare partly made in the US.
But, due to the increases in productivity & cuts in real
wages & bennies, GM & Ford are almost bankrupt, right?




GM and Ford will eventually go belly up because their cars simply
aren't competitive.

And that's what it's about in the global marketplace. Competition.

Someone on this group recently wrote an excellent post overviewing the
rise and fall and rise again of American machine tool companies. The
same type of thing is happening in all of our industries.


Do you go to the doctor or is your health care provided in-house? You
probably go to the doctor because they are a more efficient provider of
health care.

It's the same thing internationally. China sells us labor intensive
goods. Japan sells us cars. Italy sells us high fashion and fast cars.
We sell all of them movies, information, and military
weapons/aerospace. No sense for anyone doing it in-house when someone
else does it better or cheaper or both.


thanks,

K. Gringioni.