To reiterate the point I made earlier on protectionism, a controversial "Buy America" steel provision in the $819 billion stimulus package passed by the House has raised fears of a dangerous spiral of protectionist policies and tit-for-tat measures worldwide.
Russia And China Slam U.S. Economic System, Blaming It For Financial Crisis
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So far you have not contributed anything positive in this debate. Empty vessels usually make the most noise.
His name is Rod Blagojevich and he has been ousted from office after being convicted of abusing his powers
Accountable
Well-Known Member
Look back. I already agreed with you. Inefficient companies should be allowed to wither away. You ... oops, I mean they are wrong about the US being to blame for other countries' stupid decisions, though.
I can see that you are a very promising debater:sarcasmYeh I know. You're making my ears ring.
Look back. I already agreed with you. Inefficient companies should be allowed to wither away. You ... oops, I mean they are wrong about the US being to blame for other countries' stupid decisions, though.
Accountable
Well-Known Member
You have somewhat of a valid point except that few steel companies in the US are solely owned as US companies. They tend to be subsidiaries of foreign companies. So buying American will mean profits going overseas. You may also want to consider that the same form of protectionism was employed during the Great Depression by FDR for the steel companies and it did result in protectionist tariffs against American goods being sold overseas. Problem now is there are very few true just one country companies so for foreign governments to impose high tariffs would be cutting their noses off to despite their face. Don't you just love globalization.
Profits going overseas is insignificant. More importantly it creates jobs at home. Buying American can also inflate the costs of projects. Protectionism serves no one any good. Governments will take retaliatory measures to protect national interest.You have somewhat of a valid point except that few steel companies in the US are solely owned as US companies. They tend to be subsidiaries of foreign companies. So buying American will mean profits going overseas. You may also want to consider that the same form of protectionism was employed during the Great Depression by FDR for the steel companies and it did result in protectionist tariffs against American goods being sold overseas. Problem now is there are very few true just one country companies so for foreign governments to impose high tariffs would be cutting their noses off to despite their face. Don't you just love globalization.
Peter Parka
Well-Known Member
I think Capitalism and Communism are both deeply flawed. From a personal point of view though, I see the credit crunch being caused by greed and the buy now pay later philosophy espoused in capitalist countries.
There is a common saying that politics is a dirty back-stabbing game. Republicans rejected Obama's stimulus package saying waste of money, its not gonna create jobs blah blah blah. But did they come up with an altenative to Obama's plan? None really. During a crisis you guys should close ranks and work together as one like what you guys did in the aftermath of 9/11.
You have a comprehension and reading problem don't you? "Profits going overseas is insignificant." Ha ha ha ha ha ha.....you had to be joking.
Foreign governments will take token measures but won't do anything of substance because it will hurt their own companies because these very same companies have a vested interest in the American companies. Its called globalization.
Now read that slow and read it twice just to make sure you understand.
:sarcasm
We are now paying a hefty price as a result of globalzation. Globalzation could be history soon. What good is profit going overseas when the market is volatile. Profits going overseas is insignificant. First it was "Buy American" and now it has been reported US maybe embarking on a "Hire American" policy. The losers will be USA. The winners wil be Japan. Russia, Europe and China who can match quality and prices are far cheaper.
Didn't study economics in college did you? Macro or otherwise? Globalization is going to go away soon? Dude give it up, you are way out of your league and spouting nonsense.
BTW, its not "hire American", its hire legal workers.
'Freedom is always exclusively freedom for the one who thinks differently.' -Rosa Luxemburg
Accountable
Well-Known Member
What does that mean? Seriously.
Read some books man
Accountable
Well-Known Member
Are you twelve? You have the quote in your sig, as if it is something profound that resonates for you. I would think you would be happy to explain it. Instead, you yap and nip like a chihuahua that's been poked with a pin.
Against all common sense that screams you won't answer, I will ask again sincerely. What does that quote by Rosa Luxemburg mean?
I am 6 btw
Accountable
Well-Known Member
As expected.
First I was accused of copy and pasting without stating my opinion. Fair enough. Now I stated my opinion and i got comments like "you hav a comprehension and reading problem", "You have to be joking", "did'nt study economics in college did you", "you are way out of you league sprouting nonsence", "he has the same underlying theme in all the threads he posted"......LMAO...I dont feel offended at all. I take it in my stride
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