Post by RS Davis on Nov 28, 2003 0:49:46 GMT -5
[glow=red,2,300]Llewellyn H. Rockwell, Jr. Wrote:[/glow] The Bush administration has slapped high duties on Chinese TV sets for the alleged problem of "dumping"—which increasingly means selling at prices lower than sets sold by established firms.
Let's leave the issue of dumping for now and examine the claim that jobs are being shipped overseas, which is usually what is said when great foreign products appear in US stores. A number of people have observed that TVs are no longer made in the US. The implication is that at least the Bush administration recognizes a problem. The jobs that used to go into making TVs have effectively been shipped overseas. Why not act?
International economic historian Sudha Shenoy (University of Newcastle) has been at the offices of the Mises Institute, and this topic has come up quite often. She has found herself astounded at the lack of knowledge over trade issues in the US, and alarmed by growing protectionist sentiment. I'll offer a response to the above in a manner that follows a number of points that she has been making about trade.
Let's leave the issue of dumping for now and examine the claim that jobs are being shipped overseas, which is usually what is said when great foreign products appear in US stores. A number of people have observed that TVs are no longer made in the US. The implication is that at least the Bush administration recognizes a problem. The jobs that used to go into making TVs have effectively been shipped overseas. Why not act?
International economic historian Sudha Shenoy (University of Newcastle) has been at the offices of the Mises Institute, and this topic has come up quite often. She has found herself astounded at the lack of knowledge over trade issues in the US, and alarmed by growing protectionist sentiment. I'll offer a response to the above in a manner that follows a number of points that she has been making about trade.
- Rick
