OT - NY Times economy article
Guys, the plain fact is that, all else being equal, things should be
produced where they can be done so most efficiently. The ultimate
beneficiary is the end consumer. For example, the reason that US cars were
crap in the late '70's and early '80's was an entrenched workforce and lack
of competition. To the extent they're better quality now, it was directly
competition with Japan that made the difference.
Having said that, my concern is that our business with China is the classic
case of a free market selling communists the rope with which we will be
hanged. These people not only use slave labor to beat their economic
competitors, they are physically dangerous to us. When a major Chinese
general says that interference with their desire to absorb Taiwan will be
for them to nuke LA, this should not be dismissed, and we certainly
shouldn't be doing business with them.
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