My old buddy Denny came up with this question this morning. Lets see what you think.
" Can anyone tell me when or which US administration decided the strategy for our economic co-dependency on China? When did the American people sanction this mess? And what are your opinions as to how we can re-gain our freedom?"
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Bob wrote: "Not only does Walmart "shop" in China, but their agreements with purveyors almost always contain a clause insisting the manufacturing be done in China. I won't walk in the door! The other thing is: stop thinking everyone is overpaid, except YOU. So what if it costs $2.00 more. Putting a US citizen to work is good for the health of your community, and your country, a**hole. Damn this gets my dander"
ReplyDeleteWho are you to tell me where I can shop and where I can't. Not all of us have money to burn. I could care less where an item is made, as long as it works, and can get me through. If this country figures out how to build a good product, I'll be glad to shop American, but until then, I've got to survive and put food on my table. And that includes Walmart!
ReplyDeleteIt is not just the Walmart issue, this is where the real problem lies:
ReplyDeletehttp://money.cnn.com/2009/09/16/markets/thebuzz/index.htm (wish I could have found a more current reference, but the idea is here)
China owns a good chunk of the US. Anonymous, you can shop any where you like but the consequences will catch up to you and the rest of us sooner rather than later. Walmart is a hole in our economy drawing billions from our money supply every day. YOu may see it as a solution to an immediate problem but shopping Walmart is the long term problem. It has cost jobs and closed businesses in every market where it has a store. Don't believe me? Google it for yourself.
Tim
Tim, I totally agree with you. My mom and dad had a family store in a small town that they had inherited from my grandparents. It was for lack of a better term, a "general" store, but it was theirs. Then one day along came the big city guy and told my folks what Walmart was of going to pay them to sell out; offered them jobs at the Walmart when it opened, and that was the end to their freedom, their self pride, their independence, and the family business. I hear this has happened all over the country, and I for one, have not stepped foot in one of their stores since my mom and dad passed; probably sooner than they would have if Walmart would have left them alone.
ReplyDeleteDenny, I can't tell you specifically who came up with the "dependence on China" thing, but I think the real question, as we have debated before is the world economy and America's role in it. This began, as near as I can tell, back in the 60's when Goodyear and the other rubber companies began building factories in Japan, Turkey, South America, and Brussels. My dad was Manager of INTERNATIONAL cost accounting for Goodyear, and I can remember stories and memos and paperwork from around the world. I never quite understood what he did, but I know he traveled to these countries, and supervised Goodyear's accounting in these areas. Was that the start or an extension of the original concept? I don't know, but this has been an ongoing thing for sure. Good or bad thing? There again, It's a question of perspective. This rock does tend to get smaller every day, and with it our dependency on one another. Can we (US) adapt to that and develop new ways of competing internationally as well as locally with products that are better than or at least equal to those being purchased on a global scale today? I think that is the real question.
ReplyDelete