View Single Post
Old 02-14-2013, 08:54 AM   #44
Rhumb
Registered User
 
Join Date: Apr 2007
Location: Virginia
Posts: 105
My Ride: 2001 M3 Coupe
Quote:
The point being that yes, buying American made is going to be more expensive than buying china made,
Probably true, at least when looked at solely from the point of view of the initial purchase price. However, that ignores much broader and complex discussions and understanding of what happens to that money post-purchase. Does it get recirculated back into the American economy in the form of domestic corporate earnings and profits, American worker wages and other such things to the ultimate greater benefit of the overall American economy and a wide range of its citizens.

Or, does that a large proportion of that money get siphoned out of the broader domestic economy with the benefits concentrated to large international corporations, foreign companies, workers and economies, and concentrated to a rather narrow sliver of well-placed citizens in the economic elite rather than being disbursed more broadly and equitably across the wide range of participants in our economy.

I might argue that the latter scenario is becoming the dominant one in large sectors of our economy.

So yes, that initial purchase price itself might be somewhat cheaper for the Chinese made gadget, but that may well represent a false, even Faustian, bargain in the long run and in the big picture for the U.S. in general.

Last edited by Rhumb; 02-14-2013 at 08:56 AM.
Rhumb is offline   Reply With Quote