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America’s Has-Been Economy
Chronicles ^ | Friday, March 18, 2005 | Paul Craig Roberts

Posted on 03/20/2005 8:11:01 AM PST by A. Pole

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1 posted on 03/20/2005 8:11:02 AM PST by A. Pole
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To: Willie Green; Wolfie; ex-snook; Jhoffa_; FITZ; arete; FreedomPoster; Red Jones; Pyro7480; ...
Confronted with inconvenient facts, outsourcing’s apologists moved to the next level of fantasy.

Free trade bump!

2 posted on 03/20/2005 8:11:55 AM PST by A. Pole (The Law of Comparative Advantage: "Americans should not have children and should not go to college")
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To: A. Pole

We insource more than outsource. End of story, you whiner.


3 posted on 03/20/2005 8:12:29 AM PST by T. Jefferson
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To: A. Pole

US' brain drain is India's brain gain

http://www.freerepublic.com/focus/f-news/1366557/posts


4 posted on 03/20/2005 8:15:36 AM PST by CarrotAndStick (The articles posted by me needn't necessarily reflect my opinion.)
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To: T. Jefferson
We insource more than outsource. End of story, you whiner. It took you less than 30 seconds to the read the article. You are fast!
5 posted on 03/20/2005 8:15:57 AM PST by A. Pole (The Law of Comparative Advantage: "Americans should not have children and should not go to college")
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To: A. Pole

Blah, blah, same old rant about how America is going down in flames. And as always, it's wrong. The late 90s bubble was just a taste of things to come, a prelude. The new economy values knowledge, not manufacturing capacity. Yet this guy wants us to protect and invest in unprofitable and commodified industries. Here's a clue: let the market do its job. It's worked wonders in the past and will do so in the future.


6 posted on 03/20/2005 8:16:12 AM PST by billybudd
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To: billybudd
The new economy values knowledge, not manufacturing capacity.

What type of knowledge? What field would you recommend to the students?

7 posted on 03/20/2005 8:18:00 AM PST by A. Pole (The Law of Comparative Advantage: "Americans should not have children and should not go to college")
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To: billybudd
Yet this guy wants us to protect and invest in unprofitable and commodified industries.

These industries are profitable enough to enable foreign countries to buy out American assets on mass scale.

8 posted on 03/20/2005 8:19:48 AM PST by A. Pole (The Law of Comparative Advantage: "Americans should not have children and should not go to college")
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To: billybudd

A lot of R&D work is outsourced to India, where scientists have now began to earn hefty paychecks.


9 posted on 03/20/2005 8:19:56 AM PST by CarrotAndStick (The articles posted by me needn't necessarily reflect my opinion.)
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To: T. Jefferson

NOT true,,,you go to Walmart and its a Chinese bazaar. All your electronics, shoes, clothes, even power tools are imports. Besides bags of wheat and soybeans, what are we insourcing?


10 posted on 03/20/2005 8:20:20 AM PST by aspiring.hillbilly
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To: A. Pole

Can't just train in one specialization anymore and expect it to last your whole life. I recommend something flexible and useful, like English. (BTW, I'm a comp sci and econ major.)


11 posted on 03/20/2005 8:21:09 AM PST by billybudd
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To: A. Pole
What field would you recommend to the students?

I recommend a year in the lettuce fields picking veggies in the 100 degree heat.

Nothing better to motivate a high school graduate to better himself.

12 posted on 03/20/2005 8:21:37 AM PST by CROSSHIGHWAYMAN (NO PRISONERS!!)
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To: billybudd
Can't just train in one specialization anymore and expect it to last your whole life. I recommend something flexible and useful, like English.

Why not Spanish or Chinese?

13 posted on 03/20/2005 8:23:15 AM PST by A. Pole (The Law of Comparative Advantage: "Americans should not have children and should not go to college")
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To: A. Pole
Now where do you stand on:

1. The education system is all about social engineering not electronic engineering?

2. Union activism has brought down the steel and most manuufacturing industries.

3. Lawyers and environmentalists have made it prohibitive to build new power plants and refineries, nevermind drill for oil.

14 posted on 03/20/2005 8:24:06 AM PST by Calusa ( ... Oh, sweet Gaia, I'm gonna heave!")
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To: A. Pole

Especially Chinese. But you may throw in Hindi with it, or the dozen other official languages of India.


15 posted on 03/20/2005 8:24:32 AM PST by CarrotAndStick (The articles posted by me needn't necessarily reflect my opinion.)
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To: CROSSHIGHWAYMAN

Good one. LOL.


16 posted on 03/20/2005 8:24:42 AM PST by vbmoneyspender
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To: A. Pole

you make a point, but its a sad one.


17 posted on 03/20/2005 8:25:13 AM PST by aspiring.hillbilly
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To: CarrotAndStick

Yes, other countries have knowledge workers too. And...? My point remains: simply being able to manufacture goods is something that everyone can do, cheaply and on a mass scale. Hence, it's unprofitable. The profit lies in things that can't be easily replicated. That's why the service sector is growing so much.


18 posted on 03/20/2005 8:26:08 AM PST by billybudd
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To: A. Pole

Maybe Spanish, not Chinese. China has more English speakers than the US anyway.


19 posted on 03/20/2005 8:27:23 AM PST by billybudd
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To: A. Pole

R & D is the last straw. What it means is that the U.S. will now lag behind innovation, and will not be producing even that at home.

In some areas the U.S. is already a second rate nation, and the numbers of those areas will expand exponentially.

What you see are the useful idiots having their say. They've managed us this far into irrelevence, and seek more.

The U.S. did not become a nation second to none by purchasing products from offshore. It cannot remain a nation second to none by doing so.


20 posted on 03/20/2005 8:28:08 AM PST by DoughtyOne (US socialist liberalism would be dead without the help of politicians who claim to be conservative.)
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