Quote:
Originally Posted by MS Fowler
Remember we live in a WORLD economy. Investors are not limited to investing only in the US. If they can get a better return ( however they define that) they will invest overseas. In fact some money mangers have a fiduciary responsibility to try to get the best return.
So if the US, for whatever reason, isn't as good an investment as, say China, then the money, and the jobs flow to China. If we want the US to be competitive, then we need to allow businesses to do what they need to do to compete----or our economy suffers.
We can require all the GREEN efforts we want, but if they put the company at a competitive disadvantage, and the jobs go away, what was the benefit?
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The AP had a story over the weekend how Nike can't do anything about the treatment of the people in china's factory making converse gym shoes. There were reports of supervisers throwing shoes at workers and kicking them for making mistakes.
Would that be what your advocating when you say we should let a company do what it needs to compete?
I would think dollar for dollar trade tariffs would help the competition.
Now Nike could always refuse to do business with that company, but, ya know that might hurt the bottom line
