"Ray Kinzler" wrote in message
m...
I posted this article before but it fits in better here. It is an
article about how economist Paul Samuelson has done an about face on
globalism and says it will cause grave problems in the country that is
pushing all its labor off-shore, specifically mentioning China.

This is the quote I especially like:

"Samuelson's insight is that if a low-wage country like China suddenly
makes a major productivity leap in an industry formerly led by the
United States, the result can be a net negative for the American
people. Although American consumers may benefit via low-low prices at
Wal-Mart, their gains may be more than outweighed by large losses
sustained by laid-off American workers."


I suspect that the potential laid-off American workers had better start
becoming more competitive and learn to survive in world economy.