Vub wrote:
Kmarion wrote:
When have I ever cried foul at China?
Kmarion wrote:
I think purposely devaluing your currency to keep the cost of labor low sucks.
There, you answered your own question.
Selectivly taking part of a quote out of it's context is the surest sign of a weak argument.
Now focus:
Kmarion wrote:
But for the most part our economic woes are self inflicted. Accepting unfair trade practices is our problem and no one "owes" us a thing.
It's called personal responsibility. We set ourselves up for it so we must deal with it and be accountable.
Vub wrote:
OK so you can complain about China controlling its currency to stay internationally competitive, but you seem quite indifferent to families earning $1 per day so you guys can buy your $100 Nike or Adidas shoes? Is that not economic bullying?
And so it is better to not employ them at all? The factories you are referring to (unsourced) are contracted. The Chinese don't have the benefit my nation had during it's economic boom .
China has banned all unions. Do you know what the average income has been in China? It wasn't until China began to manufacture and trade freely that their economy started to grow.
And just so you know.
As a global company, NIKE manufactures products in over 30 countries in approximately 350 factories – none of which NIKE owns. Through these subcontracted factories, NIKE has helped create jobs for nearly 500,000 people worldwide. The challenges for a global company with a productions system as vast as this should not be underestimated. It is difficult. Nevertheless, NIKE is tackling these challenges as hard as we tackle any part of our business.
Educate your
argument.
Do you really think that for America to enter a poor nation and exploit their cheap labour, it's helping that country's economy? .
Yes I do. They have been isolationist for centuries. Once they opened their doors and started trading and producing their economy has grown by leaps and bounds. If you want to see the clear evidence look at the years just prior to open trade.
Vub wrote:
Perhaps you've heard of the Asian currency crisis of 1997, fueled by huge influxes of capital by countries such as America. Or perhaps how America bullied Japan into raising its currency because it was too competitive?
Let's deal more with specifics rather than lofty insinuations of bullying.
Vub wrote:
I'm just pointing out the hypocrisy in your arguments
The truth is in the numbers. If you don't think the Chinese are gaining tremendously by trading with us you are absolutely blind and incapable of seeing basic trends.