mjpnj(at)yahoo.com
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 Posted: Fri Sep 28, 2007 10:17 am Post subject: AeroElectric-List Digest: 37 Msgs - 09/26/07 |
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>I don't suppose you read the papers? How many Chinese products have had
>seriousquality problems this year?
. . . as opposed to how many products have NOT had serious quality
problems? Popular media is the last place one can acquire the
big picture for significance of any particular issue. Yes,
lead in the kiddy-toy paint is the crisis du jour found worthy
of much renting of garments and gnashing of teeth this month.
Next month it will be something else. The free market has nothing to do with
quality or origin of goods and services. In a FREE market, the
buyer is FREE to make a buy-or-pass decision; the seller is
equally FREE to make a sell-or-pass decision.
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The problem is, in china's case, it's not a free market. China pegs it's currency
to the US dollar at an unrealistic rate. Those 21 cent or 37 cent batteries wouldn't
be that price if china's currency floated (how much labor can involved in manufacturing
aa cells, anyway ?) Why our government allows this one-side economic *warfare* to continue
is beyond me. In the past, we allowed small screwed up countries with devastated economies
peg their currency to give them a period of stability. The idea being the short term
harm to our economy that policy would create would be more than compensated by the long
term benefits to our economy of having one less basket case country in the world.
The currency problem is hard for our elected officials to fix. I have no idea on how it
could be done without threatening wide-spread tariff's that would lead to recession or
depression in both this country and china's; if they were ever enacted. Thing is china's
government doesn't give a tinker's damn about what their people think (they run tanks
over their citizens that whine) so they have an impossible advantage over our "let's get
pork to our constituents so we can be elected perpetually" representatives.
[ the rest of the 0.21 cent battery stuff snipped ]
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