Re: America is doomed without industrial restoration

 
Probably we can make a bit more sense of how and why this recession
has been triggered
if we investigate the inner-workings of businessmen brains:

====================
The businessman brain is build primary of 2 neurons, one for each side
of the nose tuned to the smell of money. Each of those 2 neurons are
cross-wired  into the locomotor system right nostril neuron fire left
limbs, left nostril
neuron control right limbs.
The locomotor limbs move at a speed directly proportional with the
signal they get from the neuron.
When there is no smell at all the businessmen stay.
When the smell is sensed equal by both nostrils, the limbs move at an
equal speed, so the businessman move ahead.
When the smell is sensed stronger into a nostril, the opposite
limbs move faster that the other side so the businessman turn to that
direction.
If the smell remain equal in both nostrils but the intensity decrease
in time, the third neuron fire so businessman turn 180 degree.
When whiskers sense touch, the businessman open the mouth and eat.
This reflex is trigger by his fourth and last neuron in businessman
brain.

  On Feb 13, 8:47 pm, Democracy Highlander

China's economy downturn demonstrates
how suspectible  a manufacturing base
economy can be to market fluctuations.
It is not that the yuan is not floating but
that Chinese banks are not buying back
the yuan - instead the Chinese banks have
been buying US T-bill -- with the US dollars
gained by the exports and domestically
exchanging US dollars to yuans for domestic
usage at a fixed pegged price. This essentially
means the chinese are lending money so
US government can spend more than it makes
in tax revenues.   Certain number of
chinese textitle  factories are already moving
offshore to Vietnam and Thailand where
the labor can be and is much cheaper.
China's labor protection laws and financial
securities law /oversight are weak so
high employment is no guarantee of that's
you'll get paid for work/.service rendered
or that your financial investments is sound.




Economic globalization that most US politicians
support is suppose to eventually equalize and
transform all local economies (into one big
massive global economy) but local standard of
living.  The downside to a global economy is that
when there is a downturn - its global - there is no
where to hide.



US corporation also move their factories to places like
Ireland, Vietnam, Mexico, Brazil, and Canada, too.
China is a very big country - and a good portion of its
eastern rural provinces are not industrialized. One of
the reasons many in China are still poor is not because
labor was cheap but that technological assess,
access to capital, and commerical licensing access
is still very much restricted.



A higher evalation of the yuan vs. the US dollar would not
necessarily
make goods and services cheaper for the chinese unless those goods
and services were from the USA. Other goods like a barrel of crude
oil may just increase in cost to adjust for the increase evaluation of
the yuan.  Nor would having a higher evaluation make accesss to
certain goods and serives available to the chinese, case in point
the USA import-export regulations bans dual-use technologies from
being sold to China.



Your definition strays from the truth in that
it cannot explain the great disparity of income and
compensation in the USA,  The problem is that as
economic agents, like corporate giants, become
very large, there is a huge separation between those
that actually generate goods and services and those
that just own or *manage* or *sell* them.  When
this separation occurs - the rational for income
and compensation become abstractions. As you
pointed out economic standards vary by region
such that what is *decent* in Niger would be
unacceptable in Texas.  Rather that say that wealth
is a pure abstraction - I wanted to say that wealth
is about part of a social contract that reflects the
values of the community. For example, Superstar
Michael Jackson is rich because people value
his singing and therefore paid alot of money for his
musical performances.   Likewise, when society
started relying more on motor vehicles, the market
for the horse and buggy carriages went south.
Having guild or closed labor pool, e.g. lawyers,
occurs because society values one labor group
over another and thus gives that labor group
more economic leverage than others, e.g.
video rental store sale clerks.

 On Feb 13, 6:15 pm, Democracy Highlander

  Many are far worse than that. Since the people with
  actual post WWII science, engineering, medical,
  and media education just keep the idiots when you
  a Mack Truck to a Gas Turbine compeition, the
  Mack Truck is not only going to lose it's going
  to lose twice. Once to the people who know
  engines work, and once to the people who know
  how hydraulics work.
  And when you bring a slide rule to a laser contest,
  the slide rule is not only going to lose, it also
  going to lose on the Moon.
  And when you bring GM to a computerized Welding Contest,
  GM is not only going to lose, but Ford, Chrysler, US Steel,
  GE, Sears, AT&T, Exxon, Boeing, and Catepillar Tractors are
  going to lose too.
  And when you bring CBS to a Hologram Contest,
  CBS is not only going to lose, it;s going to lose
  in  Primetime, and on The Weather Broadcast,
  The Box Office, The Home Market, and
  in the Printing Presses.

 
   Well, that was predestimed. Since it became obvious, quickly
   after the AT&T breakup, that the only thing iBM knew about
   computers was AT&T.
   Which is also the people who knew about computer-engineering
   jobs worked on Optical Computers, HDTV,  Robotics,
   and Laser Disks that aren't owned by G.M.

 zzbunker wrote:

Here's a partial list of things no longer made in the US:

Consumer goods:  CD's, DVD's, CD/DVD players, laptops, desktops, hard
disk drives, DRAM, ROM, Flash RAM, TV's, HDTV's, Plasma TV's, LCD TV's,
Digital cameras, film cameras, computer games, telephones, cell phones,
watches, bicycles, motorcycles - except for perhaps half of Harley's,
iPOds, and so on.

Food products:  Half of all produce is now grown offshore.  Much canning
is done in China, where it is physically cheaper to ship the produce and
have it canned.

Clothing:  Virtually all dresses, jeans, pants, underwear, coats,
shirts, socks and shoes.

Ocean going vessels:  1% made in the US - and those are for the US Navy.

Aircraft:  Approximately 40% of commercial aircraft are built in the US.

Guns:  Half of all guns and ammo are manufactured offshore.
Manufacturers such as Taurus, H&K, Glock, Browning, and Steyr, lead in
innovation.

Cars:  An estimated sixty percent of the components of so-called
American cars are built offshore.  The number is higher for the foreign
manufacturers.

Toys:  Virtually all toys are manufactured offshore.

Robotics:  There are an estimated 186,000 robots in use in the US.
World-wide there are over a million in use, with Japan being the number
one manufacturer and user.  Even South Korea plans a robotic theme park,
estimated to cost over $1 billion.  By contrast, the entire US output in
2008 is estimated at only $860 million.

My point is really simple.  If we don't start bringing manufacturing
back on-shore, we'll all be happy just to be eating.

--
"Those who cannot remember the past are condemned to repeat it."
George Santayana, 1863 - 1952

Cheers,
Bama Brian
Libertarian