Subject: New Book; very interesting
So, this was on fresh air the other day. I was impressed. I have a huge problem with government involvement in industrial affairs (or lack of, likewise). For instance, govt subsidization of certain industries prevents alternatives from being seen as “economically feasible” or “sustainable”-like subsidizing the oil industry to make it seem economically feasible while the alternatives appear expensive by comparison. And then there is the lack of regulation of certain industries as well as the diminished funding of governmental regulatory bodies that would prevent industries from continuing to poison people and the environment. All of our conservative politicians who preach small government would like to see all of these regulatory bodies be dissolved. Don’t even get me started on the pharmaceutical industry and our good ol’ FDA. The point is that our governmental regulatory mechanisms are coming under fire because some politicians-and certainly industry officials- would have us believe that regulation would negatively impact our nations industries. This book is evidence to the contrary:
One more thing that annoys me is all this talk about China. One point that this book makes is that China does and will do whatever markets dictate. If they can’t sell it, they won’t make it. The US is a victim of China’s poor manufacturing practices not because we don’t regulate China’s factories, but because we don’t regulate the products that are being sold in our country. If our government says that such-and-such can’t be sold here, then China won’t make it. Anything that China makes will be cheap because they have a huge labor force that works for nothing, it’s not because they make things in a certain way with certain materials. The exact opposite of the previous sentence is the fact of the matter in US industries.
You’re a champ if you read all this stuff.