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Favoring China

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opednews.com Headlined to H2 7/12/12

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In 2006, Alan Blinder, Princeton economist, estimated that the U.S. would offshore 30-40 million jobs over the next ten years and that we could lose more jobs than we create. David Ricardo's Free Trade Doctrine of Comparative Advantage has been taken over by the controlled trade Doctrine of "Government Advantage."

China has the supermodel of government controlled capitalism. If you want to sell in China you must produce in China. If you want to produce in China you must surrender your technology. In order to get China's favor corporate America offshores not only its production and technology but its research and innovation.

No economy can survive in globalization without an industrial policy to build and protect its economy. Our founding fathers instituted an industrial policy for the U.S. with the Tariff Act of 1787 -- two years before the Constitution of the United States.

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