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cavelamb himself[_4_] cavelamb himself[_4_] is offline
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Default reducing the cost of labor

Bruce in Bangkok wrote:


Example: Walmart, from all I read, became the largest retailer in the
world by selling cheap (mostly imported) goods. Assume that the
government proposers a law to add (lets say ) 300% import duty to
chinese made shirts so that they sell for the same price as a US made
shirt. What does WalMart think about that?

How much political power does a company like WalMart, and all the
other companies that have moved offshore, have? And how much would
they use that power in the next election? And what is the reaction of
any political party in the world to the news that the opposition is
going to have all the money in the world to contest the next election?

I don't think that whether it is the correct solution or not
isolation, or protective tariffs will work.



Companies like that have resources that the common man just can't
possibly match.

FOr instance, they can make significant campaign donations to BOTH
candidates, therby ensuring that they have the winner in their pocket.

I can't do that.

Can you?

Richard