Originally Posted By: Tornado Red
I want to jump in here, because there's just too much mindlessly wrong thinking being expressed here. I want to start with the claim that free trade is bad for America -- or bad for any country, for that matter. If the standard of living is not improving as rapidly as we'd like, there are some very good explanations for that -- starting with a very rapid growth in the size of government at all levels -- but trade has been a net plus.
Cheap imports are not a bad thing, they are good, they allow us to consume more even if real wages do not rise. Fifty years ago, a black and white TV set cost about 3 or 4 months' wages, now a large LCD digital TV costs about 1 or 2 weeks' wages. Fifty years ago a new economy car cost about one year's salary, now it's about half that.
The things that take a bigger share of our incomes are the things produced here in the US, such as health care. Why is that? For one thing, the government got massively involved in the health care business as part of the Great Society legislation of the 1960s. Until then, health care was a matter between the individual, his doctor, his local hospital, and his insurance company if he had insurance. A woman could go to a hospital, give birth to a child, rest up for three days, and pay $200-300 on the way out. Now an insurance company is billed for $5000-10000 for a one or two days' stay.
Why are jobs disappearing in the US? Start by asking, what motivates a company to build a factory in the US? Profits. If it can't make a profit, it won't build a factory and it won't hire more workers. In some states it's still reasonably easy to build a factory, because the state and local governments do not put up onerous barriers. But in too many places it can take many years to obtain all the necessary permits; high corporate and individual tax rates can discourage investment and encourage talented workers or entrepreneurs to go elsewhere. And government may make it harder to operate profitably, by blocking access to raw materials or the building of efficient power plants.
Finally, to address the original question, about the moral issues regarding whether to buy home-grown or imported goods: whether any of you like it or not, you compete with every other human being on this planet. What you earn and what you pay are determined by global market forces. There have been countries which tried to be self-sufficient, to shut themselves off from the rest of the world. Their citizens have suffered as a result. We know what protectionism is, but in the extreme case it's called autarchy, a general prohibition on international trade. It didn't work for North Korea, Burma, communist Albania, Peronist Argentina... It hasn't worked anywhere in the last 1000 years and it's not likely to work in the US.
The MASSIVE flaw in your thinking is this: When American Jobs go way, American buying power goes away. When American buying power goes away, American standard of living plummets down the abyss. THIS IS HAPPENING NOW....HELLO!?!
Don't be a republican/limbaugh parrot!
In other words, moving jobs off shore is bad for our economy.