Tariffs are not the answer. The answer is to get rid of labor cartels, excessive requlations, taxation, and government control. Tariffs will just increase prices, give labor cartels more power, and trigger a global trade war reducting economic activity world wide.
Unions and the minimum wage continue to impede America’s rightful place as the world’s supreme economic power.
Disagree.
http://cafehayek.com/2011/08/quotation-of-the-day-40.html
There is much more about free trade vs protectionism at the Cafe Hayek blog.
The only thing that forced American auto companies to improve their product was competition from abroad. Competition did not hurt the auto industry; unions did.
All I’ll say is if import tariffs are raised drastically you will soon have a global depression that will make today look like the good old days.
Apple, Google, Microsoft, Oracle, IBM, Facebook are all software companies, and employ hundreds of thousands of American software engineers. Intel is trying hard to become a software company.
Tell Americans jocks to put down their wrenches and shovels, and toss away outdated visions of muscle-fueled manufacturing greatness. Ask them to sit in front of a keyboard and learn OOP and C++. The future is theirs.
Very Buchananish - but he has some core concepts about right.
The goals of corporate America are not in line with those of blue collar America.
As a general principle for recovery - would be a good baseline to start with - aligning the goals of citizens.
Of course - he described conditions which ARE constitutional, and ARE NOT under the control of the government - while ignoring the insanely large growth of the Gov - Fed and State - that is largely un-constitutional, and IS the responsibility of the government.
I would bet - if we went back to core concepts of Constitution, we would magically find out that in the process, labor and capital also came back into line.
For example - if we reduce all of the red tape and confusion the gov is responsible for - a lot of business starts to look good in the US. Look at Boeing and South Carolina issue - perfect example (if easy).
In other words - he is addressing priority 2.
Remember: anytime you hear someone use the phrase "shareholder value" positively in a sentence then you know that you are listening to an oracle of wisdom and intelligence.
Please hush up and listen further to tips on how you can properly invest your 401-k funds for retirement.
Oh yes...
... and they're not building any more land!
I doubt the ‘Bill of Rights’ would ever pass in this day and age. The communists RATS would never allow it.
Buchanan is correct in most things, just not the religion that is at fault. Self-deception is his fault.
But it wasn't enough for the fatcorps and big biz owners, so they bribed and bankrolled the politicians to flood America with tens of millions of low wage illegal aliens.
All this while the American private sector workers twist in the winds.
Profits, regardless of consequences.
Direct comparison are tough, but US wages aren't ridiculously high compared to many other countries.
http://www.worldsalaries.org/manufacturing.shtml
Direct comparison are tough, but US wages aren't ridiculously high compared to many other countries.
http://www.worldsalaries.org/manufacturing.shtml
This article is definitely a target-rich environment, so I'm going to pack it in for the night with one final comment.
Pat's idea here works if one company does this and thereby gains a competitive advantage. It doesn't work if all companies do it, continue to compete with each other and none has a competitive advantage. Any company that artificially inflates its managerial salaries and dividends will be crushed by competitors who don't and can therefore undercut its price.
If fact, most companies that shift production overseas are forced to do so by competitive pressures and don't necessarily make more money by doing so. Their cost of production may be lower, but then so is their sales price.
As we speak the EU is falling down. Some argue for a United States of Europe, without sovereignty.
Countries can't prosper when their Gov't doesn't look after its own populace.
The WSJ chants of 'there shall be open borders' wont win any acclaim on FR.
Stir in overzealous government regulation and you strangle the most fundamental aspect of the economy - actual production of physical goods.
The mantra here in the UK is that now we are a "service economy." Servicing who or what is never stated, but it is certainly not myself, my neighbors or my friends. None of us have money!
The core economic value of a country is what it physically produces, and the production value per capita. Did you know, for example, that the UK (yeah, I live here, so I use it as an example) cannot actually feed itself any more? What sort of country outsources food production? That is just begging to be held hostage by any Tom Dick or Harry who fancies it. And why? Because the bottom line for supermarkets, and their shareholders is an ever increaasing share price and profit.
As always, Buchanan nails the truth.
Great screed. Look up Smoot Hawley. How’d that work out?
“Not so long ago, we made all the shoes and clothes we wore, the motorcycles and cars we drove, the radios we listened to, the TV sets we watched, the home and office calculators and computers we used. “
I guess ole Pat never heard of Gucci, Chanel, BSA, Triumph, Rolls Royce, or Jaguar. Hell, Isotta Fraschini was a hot import in the 1920’s. VW’s have been coming in since shortly after WWII. Radios and TV’s from Asia have been imported to the U.S. for 60 years. The best watches were from Switzerland.
How about we don’t exaggerate there Pat?