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To: dennisw
First these corporations betrayed their workers by moving plants out of this country.

You'll get flamed for that. There are two conservative camps here on FR. One is a group of Randian absolutists who believe that American companies should go wherever the labor is cheapest. This side makes a valid argument that if the government's regulations become too onerous, they should pull a John Galt and move to the Bahamas.

On the other side are the America Firsters who believe that since America is protecting these companies, the companies have a duty to keep Americans employed. They make a valid point in that if Americans keep losing their jobs to the third world, there will be no more Americans to purchase their products and America itself will descend to secord world status.

The events of the last decade have drawn me away from the Randians and dangerously close to thinking that Buchanan isn't a complete nutburger. (wow, did I really say that?)

16 posted on 06/28/2002 5:48:49 AM PDT by Wm Bach
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To: Wm Bach
The downside of protectionism can be seen in Japan. They over did it I guess. A lot of their woes also due to reckless gambling. But a nation that deports industry and imports workers is equally misguided.

The 90's had people saying we would become the back office of the world. Deftly shuffling papers, making a nice NASDQ and other markets, while we skim off some of the action created by those foreigners who would labor to make "stuff" for US and those foreigners who do the labor for the world as a whole.

23 posted on 06/28/2002 6:15:47 AM PDT by dennisw
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