Re:A Chinese company now manufactures stainless steel tip ca...
by gumby on Wednesday May 10, 2017 @08:06PM
(#14312866)
"Game over?" People around the world will have cheaper, high quality products. Is that bad?
Europe didn't suffer when Lowell stole the loom plans in the 1800s or when they bought a lot of gear from the US following WWII.
And don't forget as China grows and labor costs rise there will still be plenty of lower-wage places like Burma, Viet Nam, much of Africa..."game" still in progress.
Trade is only zero sum if you have a zero sum mentality. If you have $400 in your pocket and would rather have an iPhone, and Apple has an iPhone and would rather have $400 do you really think that one of you was taken advantage of if you swap? Both are happier.
Europe didn't suffer when Lowell stole the loom plans in the 1800s or when they bought a lot of gear from the US following WWII.
And don't forget as China grows and labor costs rise there will still be plenty of lower-wage places like Burma, Viet Nam, much of Africa..."game" still in progress.
Trade is only zero sum if you have a zero sum mentality. If you have $400 in your pocket and would rather have an iPhone, and Apple has an iPhone and would rather have $400 do you really think that one of you was taken advantage of if you swap? Both are happier.