Quote:
Originally Posted by stekim
We are not and will never be dependent on food and clothing, etc. We have the capacity to produce those things should we feel the need to and are, in fact, doing just that. Oil is a natural resource. We use more than we have. That is not at all the case with tangible products. Capital goes toward its most efficient use. So right now lots of manufacturing is done in China because goods can be produced and sold more cheaply. But we are not dependent on China for those things. We do depend on them to pay for W's spending, however. That is something you need to worry about. Where T-shirts are made is not an issue.
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Sure, in the future we can start working again once we learn how to all over again. My point is, why wait until things get so bad that we have to start all over again producing the tangible products. We are watching these factory jobs leave the country incredibly fast. High-tech jobs will do the same. Why wouldn't they?
In the near future food producers could easily meet the same fate of today's factory workers. Countries like Brazil can produce food cheaper just as the Chinese can produce t-shirts cheaper. Why do we have to ruin these American's way of life and means of living now, and then start producing once again after China is finally equal? Just a little bit of protectionism could help stave off some poverty in America.