"Red" is in!
"Red" is in!
(OP)
Imagine the strength of a US economy that was responsible for producing another $18 billion worth of manufactured goods.
Would we be faced with the same economic problems today?
Would the American retail landscape be different?
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RE: "Red" is in!
The US is on a short road to dependancy on other countries. We use to be self sustaining. Whats to happen when there is another world war and all our manufacturing ability is over seas? What then? Do we depend on the very people we may be at war with to supply us with new production equipment? Scary situation.,
RE: "Red" is in!
Hg
RE: "Red" is in!
I do not have the figures, but still suggest that Chinese import a lot of services from developed countries, if not goods. What you should be looking at is export-import balance, not just outsourcing as this is not the complete picture.
BFN
RE: "Red" is in!
Many power companies are looking to invest in their infracstructure.
You can not blame a business for going overseas to maintain pricing competitiveness. However, at what point do you draw the line? Certainly, the company will not draw the line at the risk of lost profit. The only cure to this 'outsourcing' issue is to involve the federal government. If nothing else, but for the production capabilities of the United States. The scenario of a war (not just one the US is involved with either but civil wars, etc) affecting our ability to produce goods in a timely fashion is a real concern of mine.
RE: "Red" is in!
I have worked in China. I will tell you that they have a great entreprenurial spirit among the people. And, they like money, and they like the "toys". Many women own their own businesses - it may be selling ice cream from a freezer, but they are working.
RE: "Red" is in!
It is scary that we don't have American TV's. A local glass plat here that dropped picture tubes just went out of business. I sespect many reasons, but two that come to mind are the smoke stack (environmental regs), and China (labor). You would be hard pressed to find much of a stack based industry producing value added materials in the US.
I have no problem with free trade, if it is in fact free. As Buzzup hints to, is China trade really free, or still controlled to a degree as in the past? If profit is the only risk being used to regulate the economic differences between other countries and the US, then we have been sold out and will never be able to gain ground and will continue to loose ground economically untill the system reaches equilibrium...
That will put a lot more Americans in the RED....
BobPE
RE: "Red" is in!
Hg
RE: "Red" is in!
+ Trade their currency on the open market, not tie it to the dollar
+ Legalize the workers' rights to organize
+ Adopt some minimum environmental standards
+ End the use of forced labor
Let us not forget that this is a country where the secret police still "disappear" people and confronting the elite wind you up in prison or a work camp.
It's tough for me to see how this is fair trade.
I'm done with WalMart and I only buy China stuff when it's unavoidable (which it often is).
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Bring back the HP-15
www.hp15c.org
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RE: "Red" is in!
Another thing: How 'bout some protection of intellectual property rights?
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Bring back the HP-15
www.hp15c.org
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RE: "Red" is in!
Scary, scary, scary.
RE: "Red" is in!
Over 90% of Micro soft products used in Chinese government is pirated.
Human rights,business ethics, value systems are minor issues to contend with. Remember the recent SARS scare. The public and the international community were shut off from any information on this.
RE: "Red" is in!
You might have had a premonition while starting this thread. The last few days business development indicates that IBM have sold their PC business to Chinese company Lenovo!! Now who has the last laugh. There are nearly 10000 jobs at stake which for the present the Chinese company has agreed to retain. How long?
There are news reports that HP is also planning a similar exit.
Corporate America has only quarterly results on sight and nothing else matters.
I shall stop here before I get bashed up!!
RE: "Red" is in!
Group Ltd. agreed to pay $1.25 billion for International Business Machines Corp.'s personal computer business, making the Chinese company the world's third?largest PC maker and giving it a globally recognized brand. The purchase vaults Lenovo to third from eighth with about seven percent of a $183 billion global market dominated by U.S. manufacturers Dell Inc. and Hewlett?Packard Co. IBM is pulling out of a business it helped create two decades ago to concentrate on services. The acquisition is the biggest of a U.S. company by a mainland Chinese rival. The purchase is also symbolic of the shift in technology manufacturing to Asia, home to the world's two largest consumer? electronics makers and top three digital camera makers. IBM will have an 18.9 percent stake in the Hong Kong?listed company. The companies expect the purchase to be completed in the second quarter of 2005. Much of the world's supply of computers, mobile phones and digital cameras are now manufactured in Asia because of the region's lower costs.
Source: htt
MEKzV8&refer=home
RE: "Red" is in!
That does not sound like the end of the world. I'd be far more worried if they had announced they were keeping the PC manufacturing business and selling their microprocessor design facilities.
Cheers
Greg Locock