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Out-Competed

9/21/2011

 
Out-Competed
    Last week I titled a blog, “Skunked by Chinese Capitalism.” (Sept 16th) The Chinese government backs private enterprises with cash, low cost land, and low taxes, recouping everything by taking a percentage of profits. You may deplore government mixing into private enterprise, but the fact is that China is out-competing us. You can hardly buy toys, electronics, or hardware not made in China, and their food products are creeping into supermarket freezers.  What a contrast to 1956, when I toured south Asia seeing Chinese goods which were embargoed from even entering the U.S.A.
    Despite the fact that the Obama administration saved the American auto industry, the Tea Party is demanding government stay out of business, part and parcel of a romantic vision of a vanished past when the U.S. could feel separate from the Old World. It had begun with the first settlers who wanted to forget all that had driven them out of the old country. On one occasion, they boarded a ship in Boston harbor, and tossed bales of tea overboard, a gesture that energizes people to this day.
    One may wish globalization did not exist, but only fools deny that it does. Those who want government to lower taxes so as to permit more investment, miss one crucial detail; lack of government policy to support domestic industry drives investment abroad, and likely into in one of the countries whose governments do, if not China then, Singapore, Taiwan, or South Korea. President Obama’s proposal of a tax credit to businesses that create new domestic jobs is a powerful idea that should be implemented quickly.
    When former Michigan Governor, Jennifer M. Granholm, visited China, a Chinese businessman asked her if the U.S. was developing a  policy to support its industries. Told that we must first settle some internal politics, he smiled, and replied, “Take your time.”

Martha
9/21/2011 01:31:26 pm

Your take on such things is always enjoyable and enlightening.

urbisoler
9/22/2011 04:02:37 am

Stuart - I was reading the heading of your blog regarding helping to payoff the public debt. If I was to send them a check for $25 (which I would never do because I would rather give it to the Wounded Warriors Project), how much do you suppose it would cost to PROCESS that check? My guess is that it would cost more than $25 to process it. If not the whole 25, I wonder how much would actually go toward the debt. What do you think?


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    Picture

    Author (Yuma, AZ, 1944)

    Being 90 years in this world,  with great kids,  great grandkids, great wives (two, one at a time) and great memories, I wonder why some people seem to have stopped loving the U.S.A.? I will wonder in print right here. If you wonder too, or can provide some answers, please comment.
                                   Stuart Hodes

    Picture
           With my friend, Nero.
                   April, 2012.
        Photo by Ray Madrigal

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