I'm the only guy on the list living in the proximity of China so...
I guess you don't want the Chinese to buy our Johnson & Johnson and Dow
Chemical cleaning products or Proctor and Gamble Toothpaste or washing
powder, they buy ALOT of this stuff. The Chinese also they buy alot of
Boeing Airplanes, Caterpillar Equipment and.... shock/horror ... GM's most
profitable market in the world is their Buick division selling cars in
China. Buicks are all over China - it's a preferred car brand there, viewed
as high quality for a good price. My company car in China is a Buick.
For my business I also buy a huge amount of Herman Miller chairs, Interface
carpet and CISCO & Polycom phone systems and networking equipment. All made
in the US. Much of what my company buys is installed in China.
I honestly can't remember the last time I bought a hydraulic jack made in
the USA, possibly 30 years ago? I think before China they were made in
Taiwan, and before that Mexico.
Having grown up in the region, and my father having fought the communists
from 1950 to 1975, all I can say is if you asked him what he thinks about
China today, he'd be proud to say that this is what he was fighting for.
Everyone seems to forget that prior to 1975, China was a hermit kingdom with
alot of nukes (just like N. Korea)... Mao alone was responsible for almost
50 million deaths of his own citizens.
Today's China is a country in serious transition, clearly on the road to
democratic reform sometime in the next few decades. Having done alot of
business there in many respects China's market is far more open and
capitalist than it is in the US. One thing to think about China's corporate
tax is 25%, the US? .... 40%. In fact the US has the second highest
corporate tax rate in the world. The Chinese industrial transition has its
ugly warts, no doubt, but so did the US transition from an agrarian society
to an industrial society at the turn of the 20th century.
But hey, taxing companies is one sure way to kill jobs, well that and having
12 million illegals in our country. Let's tax those evil rich companies to
pay for the bloated budgets in Washington!!! (hint: the rest of the world
has figured out that high corporate taxes are basically the same thing as an
employment tax). How about that evil socialist paradise France? Corporate
tax rate = 33%.
So before repeating some convenient populist falsehoods that the media and
politicians spew from their soapboxes (for their own political gain), you
have to think of the big picture. The problem in the US isn't that it
"doesn't make anything," the problem is the government does nothing to
encourage business to hire people and be more competitive.
Alan
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