On Sunday, April 3, 2016 at 11:47:00 PM UTC-4, rbowman wrote:
On 04/03/2016 03:37 PM, trader_4 wrote:
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.

http://www.wyohistory.org/encyclopedia/w-edwards-deming

There definitely was a lot of stupidity. And in Europe there was the
Marshall Plan, a bipartisan favorite.

And about this, which there is almost universal agreement was not
only the moral thing, but a great American humanitarian achievement,
a hallmark of our being America, you have a problem?


One nice thing about having your
manufacturing base in rubble is you have to buy new machinery. In the
late 60's, a lot of US machinery that had be acquired during the WWII
production boom was nearing its end of life. However, instead of
investing in capital equipment, many US companies chose a rebuild of
worn out equipment prior to sending to some place where labor was cheap.
It looks a lot better to the stockholders; no expensive new machinery
and very cheap labor. What's not to like when the time horizon for your
planning is the next quarter?

Here's what a paper from Trump's alma mater has to say about NAFTA,
and it's a mixed pictu

For the 1400 people in Indianapolis who will be laid off when Carrier
moves their production to Monterrey, it's not a mixed picture at all.

Sure, if you only look at the one side and refuse to look at the
plus side of ledger. The same one sided argument could be made
when carriage makers lost their jobs too.