Chances of Protectionism Are Rising

China competes; U.S. submits. Certainly only an idiot would complain about protecting ourselves from Chinese counterfeiting, industrial spying in the U.S. (which is of massive proportions since Washington from the Coyote-in-Chief Bush on down is corrupt on illegal infiltration, not to mention both presidential candidates), currency manipulation, and other predatory practices which are extraordinarily difficult to police domestically, much less on a global basis.

It's hard to see how we can compete with a nation that can do virtually everything in business we can, but with a 1000% advantage in labor costs. Globaloney is just getting started, and already manufacturing and industry, the high tech arena of the economy, have been devastated. Say goodbye to the car companies pretty soon.

Flooding this country with cheapo immigrants and illegal aliens to drive down labor costs is one answer, but this benefits only the elite who gain from cheapo labor, and is destructive in the end to the nation bringing in so many chamberpot immigrants. Protectionism may not be the answer, but then what is? Maybe there is no answer.

Luther of 2:09AM July 09, 2008