Wednesday, December 12, 2007
Chapter IX China, India, and Productivity
How disconcerting is the news presented by the author? Horror story after horror story, after horror story. From chips, to customer service, to pianos, and soon cars, we are doomed. China is graduating an astounding 350,000 new engineers every year. Remember early the Seventies and Eighties, oldtimers lamenting that we needed to buy American. Now, it seems like China (and India) against the rest of the world. Italy, wow, in five years has seen zero GDP growth, its vital tile and stone and furniture industries decimated by Chinese competition. Over the weekend I commented "Let's not buy anything else made in China." "But the Wii is made in China!" Wow, surenuff(sic), and so it was. I bought two new clothing items "made by" Polo, Ralph Lauren, on Sunday. One was made in India, the other in China. Maybe it is too late. What do we do now? And with the mind boggling innovation and R & D park in China. These things are troubling. What is worse, is that most of America is brainwashed by the pro-Ricardo economists, and the offshoring is deemed ideal by those who support specialization through globalization. America is indeed in serious trouble.
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1 comment:
Good old chapter 9
Scared the PISS out of me
I had no idea they china was pumping out that many engineers.
Nor did I know that many of the countries I am going to attempt to flee to selling thier soul to china as well.
I have and always will buy american as possible. However, I can no longer do this.
The only article of clothing I own from the US are my 250 USD pair of shoes.
I went through my room and the only things made in america there are my 25 year old bed and the things that I made with my own two hands. Hell even the bottle of beer I had put in my drawer when company came over (4 monthes ago, it is now in the garbage) was from china Tsing Tao... I chuckled at this one.
I think it is too late. We don't have the engineers, our parents who are, are now retiring and the origy of spending is over. America is in trouble, deep trouble and we will not win.
As for his view on offshoring, his matter of fact way he demonstated it in this book was scary and the massive amount of buildings going up to steal our jobs made me sick to my stomach.
It is too bad our program and its students are happy about this and love seeing the path we are taking continue.
SO cliff you want to leave with me yet?
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