In this case, i.e. offshore outsourcing, the problem isn't with free trade (e.g. we certainly have no NAFTA-style agreement with China or India), but rather with international currency manipulations.Yes, you've been babbling about "Reduce the value of the dollar by nearly half and outsourcing will go away." Is that a way of saying "reduce the American standard of living by half and outsourcing will go away" ? Because that is the truth. But the American people are not going to support reducing their standard of living to third world levels to "compete". Not now. Never. Given a choice between protectionism and impoverishment, the American people will choose protectionism.
Reduce the value of the dollar by nearly half. Are you recommending hyperinflation ? You think you can sell that to the American people ? You think that is responsible and intelligent ?
"Reduce the value of the dollar by nearly half. Are you recommending hyperinflation ? You think you can sell that to the American people ? You think that is responsible and intelligent ?"
It's a crying shame that I have to repeat myself, as you obviously didn't comprehend what I said the first time...but dropping the value of the U.S. Dollar only impacts 4% of our GDP.
We've already dropped the value of the Dollar by 20% versus the Euro. We've got another 20% to go.
Do we have hyper-inflation with that 20% drop? No.
Why not?
Because it only impacts 4% of our GDP, and 20% of 4% is so trivial as to be lost in the wash. Ditto for the next 20% fall.
Drop the Dollar that final 20% and offshore outsourcing will rein itself in. Problem solved.
Well, solved for everyone except those who want Marxist controls placed onto our economy to "protect" certain jobs like telephone switchboard operators and buggy whip makers from certain technological extinction.