It seems in the rush to cut costs and make money, American industry has transferred a shocking amount of our industrial and manufacturing capacity to China. What people seems to have to forgotten is that China is NOT our friend or ally. Not exactly an enemy either but certainly a rival that has ambitions of joining, or even replacing the U.S. as a superpower. It seems like most consumer goods and electronics are made there, if hostilities broke out and China launched an embargo against the U.S.; refusing to sell us goods and dropping the dollar, the U.S. economy would implode, costs for everything would skyrocket, and there'd be a new Depression. China would suffer too, but they went it alone for a long time, and could still sell to the rest of the world, using American manufacturing technology no less! Is it wise to put so much of our fate in the hands of a rival?
2007-03-04
09:15:52
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3 answers
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asked by
AmigaJoe
3