
Originally Posted by
emow
Nothing good can come out from a socialist stand.... They will be subsidizing these companies to make them competitive with other companies around the world, unless they would totally shut out from trading with the outside world, then that would result to communism.
Why should it care with the economies like the Philippines? As consumers to their products, we provide jobs for their people as well as they have provided us jobs to support their companies. It's a win-win situation. But their legislators are attacking at the wrong target. It's their labor and business regulations that have priced the employees so high that made their companies seek other countries to lower their costs. In that way, they can provide products that can still be globally competitive. When businesses are forced to be kept at home country where production would be expensive, they are just destroying themselves... No business can survive without profit. And if ever, they will subsidize these companies to avoid destruction, then they will just incur massive debts as a nation... Every product sold this way is a penalty to the taxpayers of their nation.
Who said that they will shut-down from trading?
Anyway base on what I've read and see on the net and TV there is a move in the US for people be more thrifty and conscious of their spending.
Isn't it amazing we will still be buying Nike shoes and IZOD shirt even if they are not made in the Philippines or in China or even if they cost at a higher price. People will still buy them even if their price are outrageous. LV bags have outrageous prices but still people buy them.
Goods that are sold in the philippines from the US are not even considered as important or needed goods. US in someways is even more self sufficient than the Philippines.
Yeah US is getting Selfish, and we have to deal with it. They want it all. So let's just be prepared for it. PAX Britannica was characterized by a Protectionist Economic Policy. Opening other state's market while keeping theirs intact.