[Moonman62]

Initially, American consumers may benefit from low-priced goods in their supermarket chains, but their gains may be more than neutralised by large losses sustained by American workers who lose their jobs.

The real power is that it frees up resources so we can create newer more lucrative markets.

[sarcasm]

The real power is that it frees up resources so we can create newer more lucrative markets.

Then why do we get larger and larger trade deficits?

[oceanview]

those "freed up resources" are going to go to taxes - to pay for all the social welfare programs americans who now have lower wage jobs, will need. and to pay for the increasing number of americans working for government, directly and indirectly.

[FITZ]

The real power is that it frees up resources so we can create newer more lucrative markets.

Okay --- we give up our jobs and wait for some kind of consumer base to develop in China --- but what happens if the Chinese also decide they like their cheap things --- plus by then --- what would we be manufacturing? China can get technology cheaper from India -- and look at Mexico --- with all their new-found US dollars, they're importing the cheap stuff from China. Now we've got a fast-growing trade deficit with Mexico when it used to be them with a trade deficit with us.