On Sunday, April 3, 2016 at 1:59:16 PM UTC-4, rbowman wrote:
On 04/03/2016 08:43 AM, trader_4 wrote:
You do realize that consumers ultimately pay those tariffs and who
gets tariffed, who doesn't, how high the tariff is, etc is yet
another mechanism of crony capitalism and corruption? A lot of this
"decline" problem is the result of technology and a new world
economy. The days when you
could just graduate HS and get a good, decent paying factory job
are over. So too are the days when you could get a degree in art
or communications, get an entry level corp job and move your way
up.
Yes and the GOP has facilitated the 'new world economy' starting with
Nixon opening the door to the PRC. Multinational corporations have
loyalty to one thing -- profits. Trump may be a buffoon but the current
GOP isn't going to make America great any time soon. They've watched
while those good paying factory jobs moved to Mexico, SE Asia, and other
sources of cheap labor while applauding 'free trade'. Never forget
while Clinton signed the bill for the disaster called NAFTA, Bush 41 was
the one who started the ball rolling.
The GOP didn't facilitate the new world economy. It's been happening
on it's own, all along. At the end of WWII, the rest of the industrialized
world was in rubble and the US was the only manufacturing power house
in the world. No one could realistically expect that to continue.
We faced increasing competition starting with Japan, Taiwan, then China
South Korea, India. You can't stop economic development. And a lot
of the loss was due to American stupidity, both labor and management.
For example, initially Japan made cheap stuff that wasn't very good
quality. They worked to improve their quality and before long, it
was second to none. MEanwhile Detroit ignored it, management didn't
deliver what it's customer's wanted and the unions with their high
labor costs and ridiculous work rules sealed the deal. Would we be
better off still buying crap cars from Detroit?
Here's what a paper from Trump's alma mater has to say about NAFTA,
and it's a mixed pictu
http://knowledge.wharton.upenn.edu/a...utweigh-costs/