2007-09-20 07:41:56 · 6 answers · asked by Anonymous in Social Science ➔ Economics
ABSOLUTELY. IT WOULD AID OUR OUT OF SIGHT TRADE IMBALANCE. IT'S ALWAYS BETTER TO SELL SOMEONE SOMETHING THAN TO HAVE TO TAP INTO YOUR SAVINGS TO BUY SOMETHING FROM THEM.
2007-09-20 07:47:37 · answer #1 · answered by Loren S 7 · 1⤊ 3⤋
God no!
The US has the most educated workforce, the most technologically advanced firms, the best schools (in most areas), and the largest R&D expenditures. No country can compete with us. It is worth giving up low margin, low tech industries to focus our resources where we have a comparative advantage and let everyone else pick over the bones of the opportunities that we have already picked apart.
2007-09-20 15:31:35 · answer #2 · answered by Homer J. Simpson 6 · 2⤊ 1⤋
NO!
The reason we aren't an industrious nation anymore is because our labor costs too much, our standard of living is too high, and our currency is worth more than current "industrious nations" such as china and indonesia.
Basically most business can't compete here, they can't turn a profit.
2007-09-20 14:47:17 · answer #3 · answered by Anonymous · 1⤊ 0⤋
There has to be a good balance. Our economy is getting worse now the more the free market is meddled with.
2007-09-20 14:50:07 · answer #4 · answered by Beauty&Brains 4 · 2⤊ 1⤋
perhaps, but think about how that would effect everyday life! i'm sure that the quality of living would decrease, and there would probably be so many issues with the "rich" and the "poor".... just try and picture everyone today living back in the time of the industrial revolution, would you want to??
2007-09-20 14:49:05 · answer #5 · answered by winkoftheforestclan 3 · 1⤊ 1⤋
Look back 30 years...was the US stronger? There is your answer.
2007-09-20 14:45:02 · answer #6 · answered by chris m 5 · 1⤊ 2⤋