You know, on your second point, Greg, it is surprising there wasn't more of a shock to the economy during those years. We had our dot com crash and we have the financial meltdown, but the rush to China manufacturing did not have a noticiable affect on our economy.
As for an unlevel playing field, while it doesn't feel right, it's something we're accustomed to. We experienced the same thing with many, many trading partners before China. There are not many trading partner we have that don't receive government supports for business that are far greater than anything we're willing to do to support our own industry.
There is a lot of bureaucracy in China, but in China there are a lot of ways to get around the bureaucracy. This is where the eneven playing field comes into play. On my last trip to Asia, several people were arrested for running an illegal mining operation that had collapsed. The mine was running for several years and employed over 100 employees. Basically, it was running on "incentives" that were given to local and national officials to look the other way for major safey violations and poor working conditions. If a mine could operate for this long, I can only imagine the amount of companies manufacturing goods bound for the US operate totally outside of the existing Chinese bureaucracy.
I have no mixed feelings about government getting involved in manufacturing. What's next? Perhaps a Department of Manufactuting with billions and billions of dollars in their budget increasing each year, with thousands and thousands of bureaucrats who have never manufactured telling companies what to do, what to produce, how to do it their way, and myriads of other hassles we can't even dream of.
No, keep the government out of my business, my home and my life as much as possible. I know how to run my life and my business and I don't need the feds to help me out. Name one thing the federal government is good at besides killing people?
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