DiscussMormonism.com

......US companies borrow from China to reinvest in...China!

http://www.ft.com/cms/s/0/90cd25de-ec9b-11e1-8e4a-00144feab49a.html?ftcamp=published_links%2Frss%2Fcompanies_asia-pacific%2Ffeed%2F%2Fproduct

As has been noted and proven elsewhere, Democratic/Socialist policies reduce our competitiveness for both labor and products and moves wealth overseas. We spent an entire Cold War fighting against these policies but now we have succumbed to the lure of a Sovietized government sponsored life which is always unsustainable.

bcspace wrote:......US companies borrow from China to reinvest in...China!

http://www.ft.com/cms/s/0/90cd25de-ec9b-11e1-8e4a-00144feab49a.html?ftcamp=published_links%2Frss%2Fcompanies_asia-pacific%2Ffeed%2F%2Fproduct

First of all, I'm not sure it's appropiate to post a link to a site where you have to register to read the article to which you've linked.

bcspace wrote:As has been noted and proven elsewhere, Democratic/Socialist policies reduce our competitiveness for both labor and products and moves wealth overseas. We spent an entire Cold War fighting against these policies but now we have succumbed to the lure of a Sovietized government sponsored life which is always unsustainable.

What "Democratic/Socialist" policies forced American companies Like Apple and Microsoft to use Foxconn as a supplier? It would seem that 'capitalist' values (maximum return for the shareholder equals reducing production costs via low wages) are driving the decision to export jobs. One thing that China does not allow that warms the hearts of American Capitalists: collective bargaining. The poorer the workers, the higher the profits.

Two things have happened since the end of the Cold War that have changed the playing field:

• China has become a Totalitarian Capitalist State.China has opened its doors for private profits, willing to lease its workforce to foreign capitalists who are only too happy to take advantage of a labor market where Unions are not allowed. It's paradise for American businesses, if not Chinese workers.
• Globallization of supply lines: It wasn't American workers who wanted to stop making products in the U.S The irony is that by moving jobs overseas, American companies are slowly drying up the market for their own products: The middle-class blue collar worker, who fueled the post WWII boom period. This is one reason why climbing out of this recession will be so difficult: American workers are already in debt. There may be pent-up demand for big ticket items, but without adequate wages, people can't afford them