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Originally Posted by Allen Farlow
Yes, Zap. because we've allowed it to become a global economy.
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Nobody "allowed" it to happen. It was an inevitability, from the very first transaction that ever took place. People want to do business with new people. That goes for doing business on a local, regional, national, international level. New customers = growth.
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Originally Posted by Allen Farlow
Gee, I sure miss the days when we did business with our neighbors right here in the good ol' US of A, when the USA was good...
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There are still plenty of ways to support your local businesses. Food is a great example. I always buy Canadian when the choice is there. I know the food will be fresher and taste better and often cheaper. Your local farmer's market is a great way to buy healthier foods from local business and put your money into the pockets of your own farmers.
Quote:
Originally Posted by Allen Farlow
But in a global economy we need certain minerals and chemicals from other lands that we can't find here to make certain products that we ship overseas. But when China begins instituting policys that protect their own industries while we don't, such as pricing Chinese-mined minerals to their own countrymen at hundreds of dollars per ton less than they will sell it to us, isn't that protectionist?
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Yes it is and sooner or later they will suffer for it. And, I would submit that there are other reasons their products are cheaper, like labour costs.
But, surely China isn't the only place on Earth to buy these minerals and chemicals. If China is jacking the price on these items, then they will lose out a lot of business to other countries which have the same thing for sale much cheaper.
Quote:
Originally Posted by Allen Farlow
Protectionism is not good in a global economy, I agree, but we need to make sure that no country has protectionist policies to make it work.
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I think the market itself will take care of that, long term.