To: harpu
Exactly so. There is so much in the way of myth and “myth-understanding” in play here, it’s mind-boggling.
As for out textile industry ... well, Asia may be the textile giant TODAY, but as for all those deserted and shuttered textile mills that dot the New England landscape - all those firms re-located to the American South in the 1970’s and 1980’s. Why? Reduced tax burden and lower labor costs.
41 posted on
02/10/2011 4:47:22 AM PST by
Senator John Blutarski
(The progress of government: republic, democracy, technocracy, bureaucracy, plutocracy, kleptocracy,)
To: Senator John Blutarski
I agree. I am not aware of a book that covers it, but I think a fascinating story could be told of the great textile mills of the UK -- and how they were replaced by the great textile mills of New England -- which were supplanted by the great textile mills of the American South -- which were supplanted by the great textile mills of Asia.
The story can be told through many industries (New England used to make a great many shoes, as well).
A good economist should be able to clearly lay out the reasons why an industry rises and falls in one area, only to rise up again in a different area. Perhaps the blind could be made to see.
45 posted on
02/10/2011 4:58:58 AM PST by
ClearCase_guy
(BO + MB = BOMB -- The One will make sure they get one.)
To: Senator John Blutarski
those jobs STAYED IN AMERICA, that is the difference!
78 posted on
02/10/2011 9:32:36 AM PST by
RaceBannon
(RON PAUL: THE PARTY OF TRUTHERS, TRAITORS AND UFO CHASERS!!!)
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