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Intel's chief says the company could send ALL of its jobs overseas, but that it has the desire to stay here and employ Americans. But if they're handcuffed by antiquated visa rules, they may be left with no choice.

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#44

Guest commented

03-21-2008, 06:26 AM

Editing a comment
"If any other, industry engaged in such blatant price signalling they would face criminal charges under the anti-trust laws! "

Thus the debate - do you go for short term fixes and attempt to manipulate the markets, or do you let the markets work things out.

I think that the global economy is built upon a house of cards. China's manipulation of their currency benefits them now, but it will bite them later. India's newly found fortunes - too much too soon. It's like the lottery winner who is broke in five years. Our until recently booming economy - supported by driving our nation into debt. The economy looked good in the US for a period, but that type of lifestyle isn't sustainable.

What we need is balanced trade, fair trade, and not the wrecklessness that has taken over. Some people will call that protectionism. That is a last ditch effort to keep the house of cards standing.
#45

Guest commented

03-21-2008, 08:28 AM

Editing a comment
"India's newly found fortunes - too much too soon. It's like the lottery winner who is broke in five years."

Just shows how much you understand India. We have been investing in the knowledge based economy for more than 50 years. Because there was early realization that an unimaginative export oriented economy will always eventually stagnate below the level of its primary export market. Of course the flip side of this is that it takes a much longer time to build a knowledge based economy with attendant costs in social goals.

For the same reason I support you on the need for tarriffs particularly with regards to China. Tariffs should slow down China and increase challenges to its political system by stoking unrest amongst the people. I doubt it will happen though because since the cold war Western leaders have such strong supporters of the communists that they have been willing to sacrifice large sectors of their economy to keep the CPC in power.
#46

Guest commented

03-21-2008, 11:31 AM

Editing a comment
I am not sure what you call this

http://www.guardian.co.uk/world/2005/jul/07/iraq.features11

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