Comments on: First Stages of the US vs. China Trade War http://dailyreckoning.com/first-stages-of-the-us-vs-china-trade-war/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Fri, 19 Mar 2010 05:54:19 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: phelps who cant swim http://dailyreckoning.com/first-stages-of-the-us-vs-china-trade-war/#comment-27524 phelps who cant swim Thu, 17 Sep 2009 15:03:58 +0000 http://dailyreckoning.com/?p=18417#comment-27524 Economic problems will always be a contributing factor in who rises to power in any country. However, the lust for power and conquest is always the number one factor for people like Hitler, etal in wanting to obtain power. No theory is perfect. Globalization is bad for some while good for others and the same goes for protectionism. Obviously, whomever benefits from either one will always argue their way is better. Answer this question for yourselves. Is it better for you if baseball gloves are made in China, or in the U.S.? The gloves made in China are not cheaper, nor are they better made. They just fall apart more quickly which causes the consumer to purchase more of them if their children continue to play baseball. This I know from experience. I have two gloves made in the U.S. that are 25 and 34 years old and still kicking. I also have two made in China and are only 3 years old and falling apart. Labor is cheaper in China and most of the products are crap, which increases profits. I'm not against profit, but I am against phony arguments made in defense of anything. Globalization, nor protectionism is always good for the consumer. More often than not, it is simply good for corporations, financial interests and we cannot forget the pols. Economic problems will always be a contributing factor in who rises to power in any country. However, the lust for power and conquest is always the number one factor for people like Hitler, etal in wanting to obtain power. No theory is perfect. Globalization is bad for some while good for others and the same goes for protectionism. Obviously, whomever benefits from either one will always argue their way is better. Answer this question for yourselves. Is it better for you if baseball gloves are made in China, or in the U.S.? The gloves made in China are not cheaper, nor are they better made. They just fall apart more quickly which causes the consumer to purchase more of them if their children continue to play baseball. This I know from experience. I have two gloves made in the U.S. that are 25 and 34 years old and still kicking. I also have two made in China and are only 3 years old and falling apart. Labor is cheaper in China and most of the products are crap, which increases profits. I’m not against profit, but I am against phony arguments made in defense of anything. Globalization, nor protectionism is always good for the consumer. More often than not, it is simply good for corporations, financial interests and we cannot forget the pols.

]]> By: badScooter http://dailyreckoning.com/first-stages-of-the-us-vs-china-trade-war/#comment-27381 badScooter Thu, 17 Sep 2009 04:46:58 +0000 http://dailyreckoning.com/?p=18417#comment-27381 Bloomer, An excellent question. I've always taken it on faith that "protectionism = bad"...but these days I am pretty much questioning everything I hear. Perhaps one of the DR contributors could write an article about how protectionism is destructive, maybe toss out a book title or two for my reading list? Bloomer,

An excellent question. I’ve always taken it on faith that “protectionism = bad”…but these days I am pretty much questioning everything I hear.

Perhaps one of the DR contributors could write an article about how protectionism is destructive, maybe toss out a book title or two for my reading list?

]]> By: Bloomer http://dailyreckoning.com/first-stages-of-the-us-vs-china-trade-war/#comment-27318 Bloomer Thu, 17 Sep 2009 02:53:11 +0000 http://dailyreckoning.com/?p=18417#comment-27318 Some economist will argue that it was globalization that led the global depression in the 30's. Protectionism came after. We have seen a resurgence of globalization during the last 25 years and like the late 1920's, and early 30's it has one again self-destructed, the fall-out being financial meltdown, huge debt, high unemployment and mega bankruptcies. Can protectionism be any more harmful then the disaster that globalism left in it's wake? Some economist will argue that it was globalization that led the global depression in the 30’s. Protectionism came after. We have seen a resurgence of globalization during the last 25 years and like the late 1920’s, and early 30’s it has one again self-destructed, the fall-out being financial meltdown, huge debt, high unemployment and mega bankruptcies. Can protectionism be any more harmful then the disaster that globalism left in it’s wake?

]]> By: badScooter http://dailyreckoning.com/first-stages-of-the-us-vs-china-trade-war/#comment-27193 badScooter Wed, 16 Sep 2009 23:50:59 +0000 http://dailyreckoning.com/?p=18417#comment-27193 Your ad-hominim attack reflects poorly upon you. I don't know much about Mussolini, so your correction is welcome, but your behavior in doing so is offensive. Your ad-hominim attack reflects poorly upon you. I don’t know much about Mussolini, so your correction is welcome, but your behavior in doing so is offensive.

]]> By: michka http://dailyreckoning.com/first-stages-of-the-us-vs-china-trade-war/#comment-27140 michka Wed, 16 Sep 2009 22:44:03 +0000 http://dailyreckoning.com/?p=18417#comment-27140 "In Italy, the Depression contributed to Mussolini’s rise to power" What? Who's the idiot who wrote that? Mussolini became Prime Minister in October... 1922 ! It's amazing the amount of stupidities that can be found on the internet. “In Italy, the Depression contributed to Mussolini’s rise to power”

What? Who’s the idiot who wrote that? Mussolini became Prime Minister in October… 1922 !

It’s amazing the amount of stupidities that can be found on the internet.

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