Zeev's Turnips Patch-No Politics (ZEEV)

[webster groves]

<I am a big fan of "may the best team win" and if we're not currently the best team at a certain task than we don't deserve to win and need to go retool to become the best team again. No need to blame others for our own internal inadequacies.>

It's not a football game, it's a question of standard of living.

The guy overseas makes the product for less, not because he is more efficient, but because he is paid less. It's as simple as that. Any improvement in manufacturing efficiency (or education) on the home front can be similarly exported. It will be cheaper to do it overseas because it still costs less. Theoretically there is no end to this exportation of work until the overseas manufacturer can no longer undercut the domestic worker. Simplistically this happens when they both have the same standard of living. Globalization helps the weaker economies get stronger, and the strong get weaker (relative to each other). If a billion Chinese each have a dollar in their pockets, and 200 million Americans are equally well off, which nation has the stronger economy ? Which nation will have the biggest and most advanced military ? Maybe the US should rethink it's political posture relative to the up and coming mega-economy of China.

wg