It was originally concerning when I found out the semi conductor chip manufacturing industry left for China. It was not wage excessive as most the manufacturing process involved was automatic. I think what was wrong is in my mind the Chinese paid them to go having no basic labour advantage.

Where all segments of the north american industries actually for sale? They were not actually but the companies like national semiconductors. The Chinese just entice them to locate inside China. Eventually the rest of the real aquisition intent is fufilled.

We should pull back those companies that experience no real signifigant labour component in manufacturing of their products. They have proven they had no sense of loyalty to there own marketplace that originally allowed them to become what they did. Greed for the bottom line overcame all in my opinion. Absolutly no concern for social responsibility instead this every man for himself attitude so prevelant in north america. Used to be defined as dog eat dog. If this is an allowable part of the free enterprise thing than it is wrong.

The government should have stepped in as that area of expertise is a national asset.Or any other area where the move was just to service excess greed. Eventually we may even lose the current ability to design producs and develop them..

They could still step in and implement laws to save some things. But that is seen as government involvement. Most would take the opinion that it is better to see it all gone. As someone quoted 41,000 factories have closed up in the states since 2000. What portion of them were enticed to leave actually being very profitable and not having a labour cost issue?

This is one reason for example the chinese are able to dominate the world with large screen televison recievers. With far more items to come but only consumer goods. They are far too smart to actually sell the manufacturing interest or products to enable manufacturing of them. We were not it seems.

There can be little doubt the really rich can get much richer with time with this type of distortion. By the same token the not so rich can lose an awful lot. You are free to have virtually nothing or very little under our systems currently. It is really not even ethical but legal as things stand presently for business to desert for an enticement. I think if the chinese had come to north america and just started purchasing what they wanted may have been stopped at some point. The way it is now they pay little to entice the enity into there sphere of influence.

Some of the arguments that the product can be produced cheaper there are just a smokescreen. We were on the verge of more extensive automation to eliminate or seriously reduce the labour component when the technology sell off started. Now at some point the chinese will do it instead and their citizens will benifit.

There has been far too much playing politics rather than paying real attention to the fundementals by the disfunctional political systems. Any political system that allows what has occured with no valid proven replacement stratagy has to be deemed disfunctional to me.

Our politicians in Canada have not been much better until very reciently. They stopped a selloff of a national asset late last year. We will see much more of this up here. If your operation is sound in Canada basically and not under real threat. You cannot move it offshore just to improve the bottom line if it is already more than adaquate.

Admittedly they are creeping slowly into this area but at least they are moving. The first one was the hardest but there was no complaining and screaming. Other than by the country that thought they had picking up the asset and had it in the bag.

. I think Canadian people just realised it was the right move and simular moves have been long overdue for too long anyways. Any labour intensive manufacturing is another story as I can see the company may need the advantage.Again it should be determined that is the truth before allowing the departure.

General motors has operations in China. Buying the stock currently did not look like the best move. Yet China purchased a whack of it. They were probably not really interested in any stock valuation and if it falls they will grab far more. Even if it goes up I imagine.

They intend to own general motors of China in my opinion no matter what happens to the American portion of the company. Or position themselves to also own general motors of north america if it would prove worthwhile to do so at some point.

What is legislated to prevent this type of thing occuring? Nothing that I can think of. Plus it was nice of the government to additionaly deficit finance pouring money into general motors to reduce the cost to the chinese. Allowing bankrupcy with no dispersal of the assets value to the original stockholders or creditors.

In fact even basically cancelling those holders rights. I personally do not think the Chinese could have engineered it better themselves. We north americans may already be the laughing stock of the world or very soon could be.