Quote:
Originally Posted by raymr
I wish I could care more about the plight of the Chinese, but I don't. Its really nice of Walmart to pull so many folks out of poverty on the other side of the world, while creating more here. Does anyone remember their 'Buy American' slogan?
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How does it work when you have two countries with great differences in average wealth per citizen? The wealthy country buys lots of low quality, cheap merchandise from the poor country, which brings prosperity to the poor country, but the citizens of the poor country can't afford goods from the rich country, so the rich country loses jobs because no one is buying their goods.
In the case of the Chinese, it also includes a Communist/Capitalist/Totalitarian government that really calls all the shots, throw in lots of local corruption and then really make the situation a loser for the US by holding the Chinese currency artificially low. We are getting screwed coming and going here. The worst part of it all is that the Chinese are no different than the Soviets when it comes to oppresion but we would have nothing to do with the Soviets.
I try not to buy Chinese goods but sometimes it is inevitable. Heck, even the Mexicans are losing jobs to the Chinese.