what the fuck is going on with the market

[onmyknees]

was it not Thatcher that pioneered freetrade,unregulated dealings, with regards to business/banking...?? I think so..:P

Here Here....I think as a ficscal conservative this free trade debacle has cost us dearly. It's a complete falicy. While we do like cheap inferior goods sold at Wal-Mart from China and Viet Nam, it's killed our manufacturing base here in the US, and I suspect the UK as well. When you go to one of those athletic stores and see sneakers made in Sri Lanka selling for 140 US, you know you're getting fucked! There's one athletic shoe company left that even makes shoes here, and it's only 25% of the shoes they sell. Fair Trade perhaps, but not free trade.

PS...You're still one of my faves Sammi

[SammiValentine]

PS...You're still one of my faves Sammi

x x x

[MdR Dave]

Here Here....I think as a ficscal conservative this free trade debacle has cost us dearly. It's a complete falicy.

The fallacy is that we can have free trade and still blunder through the world as if Ike was in office and our greatest goal is two cars in the garage and a color TV in every living room.

The models and real life examples both bear out the fact that unrestricted trade produces the greatest economic good.

But for it to work we need to concentrate in producing goods for which we have comparative advantage. Instead, we keep churning out gems like the Ford Focus and bailing out failing car companies (and their pensions) again and again.

It works if we're honest about it. Fuck Ford and Chrysler. Take the Corvette and a few Caddies to a new company and resign Detroit to the scrap heap of history. Then look around for other things we suck at.

Then get better, or scrap that too.

[buckjohnson]

The fallacy is that we can have free trade and still blunder through the world as if Ike was in office and our greatest goal is two cars in the garage and a color TV in every living room.

The models and real life examples both bear out the fact that unrestricted trade produces the greatest economic good.

But for it to work we need to concentrate in producing goods for which we have comparative advantage. Instead, we keep churning out gems like the Ford Focus and bailing out failing car companies (and their pensions) again and again.

It works if we're honest about it. Fuck Ford and Chrysler. Take the Corvette and a few Caddies to a new company and resign Detroit to the scrap heap of history. Then look around for other things we suck at.

Then get better, or scrap that too.

Great post. Sad but true.

[onmyknees]

The fallacy is that we can have free trade and still blunder through the world as if Ike was in office and our greatest goal is two cars in the garage and a color TV in every living room.

The models and real life examples both bear out the fact that unrestricted trade produces the greatest economic good.

But for it to work we need to concentrate in producing goods for which we have comparative advantage. Instead, we keep churning out gems like the Ford Focus and bailing out failing car companies (and their pensions) again and again.

It works if we're honest about it. Fuck Ford and Chrysler. Take the Corvette and a few Caddies to a new company and resign Detroit to the scrap heap of history. Then look around for other things we suck at.

Then get better, or scrap that too.

I don't totally discount what you've said, in fact in large part I agree with most of it...but if you continue to over regulate companies and stifle expansion and growth, they'll send their raw materials to Guadalajara and send back finished products made for a fraction of the price. Sure we need to get better and more competitive, but it's difficult to do that when a shirt formerly made in Malden, Mass and employing hundreds of textile workers can now be made in China for 42 cents. At some point we hit the breaking point, and we're about there. Either we buy quality American products for a few dollars more, and support each other or watch our manufacturing jobs get shipped overseas never to return.

[MdR Dave]

I don't totally discount what you've said, in fact in large part I agree with most of it...but if you continue to over regulate companies and stifle expansion and growth, they'll send their raw materials to Guadalajara and send back finished products made for a fraction of the price. Sure we need to get better and more competitive, but it's difficult to do that when a shirt formerly made in Malden, Mass and employing hundreds of textile workers can now be made in China for 42 cents. At some point we hit the breaking point, and we're about there. Either we buy quality American products for a few dollars more, and support each other or watch our manufacturing jobs get shipped overseas never to return.

Yes! So let's stop making shirts! Incidentally it's the differences in regulations that gives China their greatest advantage. They are manufacturing a toxic environment, though, and will pay the price. Capitalism unrestrained by democracy= China. The average worker is still living in third world conditions in the most powerful economy the world has ever seen.

[SammiValentine]

Yes! So let's stop making shirts! Incidentally it's the differences in regulations that gives China their greatest advantage. They are manufacturing a toxic environment, though, and will pay the price. Capitalism unrestrained by democracy= China. The average worker is still living in thurkd world conditions in the most powerful economy the world has ever seen.

regulations?? umm surely cost of labour, raw materials etc are the advantage they have Re toxic environment, pretty much what we did in our industrial revolutions - all be it on a much greater scale lol

[Dino Velvet]

You're so cute, Sammi.

[MdR Dave]

You're so cute, Sammi.

That's the most truth this thread has seen!

[SammiValentine]

haha aaaaw heres me trying to be remotely serious for a change and i got cute'd

lol xx