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Why is the USA a wealthy nation?
You say: "I don't want to see the United States or Europe decline to a qualify of life level such as exists in India."

And yet, you advocate protectionism which can only lead to the US turning into a third world country!

Why is the USA a wealthy nation today? It is because of high-value stuff being invented and sold by Americans, such as Boeing airplanes and Intel microprocessors. The rest of the world covets stuff made by Americans. This is the reason the Dollar is in such high demand. This is the reason the Dollar is worth a zillion pesos. This is the reason Americans are rich.

If Americans stopped making stuff that is coveted by the rest of the world, the value of the Dollar will suddenly drop. Which means that everything that is imported will suddenly cost a lot more. Quality of life will deteriorate. Americans will become poor.

In order to continue to be wealthy, Americans have to continue to make stuff that the rest of the world covets. This means making the stuff that the rest of the world don't yet know how to make.

This means once the rest of the world catches up with Americans, Americans have to move a notch up. Invent something better. Leave the old stuff to the Indians and the Chinese.

Remember, the only reason Americans are wealthier is because you make stuff that Indians and Chinese don't know how to make. When they catch up, Americans have to keep the lead by moving a notch up.

That is the only way to continue to be wealthy. You can't continue to be wealthy if you continue making the same stuff even after the Indians and the Chinese and the Mexicans have caught up.
Posted by: interlocutor   Posted on: 11/25/03 You are currently: a Guest | Members login | Terms of Use
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Stop Whining.. deal with the competition  rcleetus@... | 11/24/03
people who outsource are selfish  busch7beer | 11/24/03
Dealing with competition  thepubba | 11/24/03
You forget how we in the US got where we are!  rcleetus@... | 11/24/03
What is the point of labor rights  mikewhoo | 11/24/03
Jobs are getting lost in Europe just as much  boulder | 11/25/03
Clinton era Secretary of labor's view  interlocutor | 11/24/03
Americans have to move up the ladder  interlocutor | 11/24/03
Birth Right  thepubba | 11/25/03
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Its not about competition ...  Axon | 11/24/03
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Name one  boulder | 11/24/03
where does tintin work?  B88888888888888@... | 11/24/03
you go!  mikewhoo | 11/24/03
You are a fool or just looking to bait people  mikewhoo | 11/24/03
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Message has been deleted.  Chad_z | 11/24/03
customers will be pleased  petals | 11/24/03
Proactive boycott  master of illusion | 11/24/03
selling out to India  B88888888888888@... | 11/24/03
To answer your question  rcleetus@... | 11/24/03
Err.. and Indians don't know abou tech?!  rcleetus@... | 11/24/03
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What do you think?

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