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HeyBub[_3_] HeyBub[_3_] is offline
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Default OT Wall street occupation.

RickH wrote:

We and to some extent corporations willing to sell out the company for
fast profit. For example Dell asked a Chinese company to begin making
one of their small circuit boards in a laptop, a very small USB
interface board that sat off the mother board and held/buffered the
USB ports. The Chinese company did this and increased Dells profit on
the laptops. Then the Chinese company offered to make the whole
mother board. Dell agreed, closed its MB manufacturing up and made
more profit. Then the Chinese company offered to make the whole
laptop. Dell agreed, and shipped all assembly and part sourcing to
China and much of the industrial and product engineering too. For
about 3 years Dell's profits soared because they were able to close
all us plants and engineering. Then the Chinese company approached
the retailers like Best Buy and said we can sell you the same Dell
computer under our brand for 25% less than the Dell. Now Dell is
nothing more than a useless brand, incapable of making or engineering
their own devices, and their main "supplier" is undercutting them in
the market. This story is being repeated many times and with India
too, with the recent movement of our once massive IT development
industry to India. The US people want cheap goods, the companies want
fast profits for shareholders, but neither realizes the adage
"throwing out the baby with the bathwater". At some point China makes
chumbalones out of the US (to use a common Chicago term for a patsy).
At some point we need to get access to their market and they need to
properly value their currency, if that wont happen soon then we are in
trouble, because the typical MBA running companies today has no long
term outlook.


Bottom line: Millions of American consumers benefit. These consumers can
then use the money they saved to improve their quality of life (i.e., more
beer).