China moving away from the dollar

[Platapus]

Originally Posted by Freiwillige

Maytag! For those of you who do not know Maytag as a company ceased to exsist around 2004. Maytag made everything in America and the government just taxed the hell out of them while other company's such as Whirlpool left and started making their products in Asia. The results? Whirlpool got tax breaks for shipping jobs over seas while Maytag got hammered. Maytag the name still exsists but they are owned by Whirlpool and as soon as they were bought they packed up the manufacturing plants and shipped them out!

We Americans are getting scammed. By our so called leaders, By foreighn interests, By corperations.

No scamming, just Capitolism.

This was an excellent example of Capitalism at its best. And Capitalism is supposed to be what America is about, right?

Both companies (Whirlpool and Maytag) were in existence to make money. Corporations are not social programs, nor political entities. They are in business to make business pay off. They are motivated by profit, not social goodness.

Whirlpool, operating legally, changed their business model to maximize their profits by lowering their costs. Maytag chose not to.

Whirlpool chose to use the laws of business to their advantage. Maytag chose not to.

Whirlpool prospered and Maytag failed. This is exactly how it is supposed to work in a Capitalistic market.

What's to gripe about? It would be rather hypocritical to only like Capitalism when it works in your favour.

We may wring our hands about Corporations moving jobs overseas, but that is not a concern with Corporations (or their stockholders (us )). Profit is.

Clearly the market (us again) made their choices very clear. We preferred the cheaper Whirlpool over the Maytag stuff. Again, Capitalism working as intended.

Now, if we want corporations to be more concerned with what is good for the US and its citizens, we need to make the conscious decision to move away from Capitalism and adopt Nationalism. A step I don't think too many people really want to take.

Me? I like Capitalism. It works for me. I want to be able to buy the bestest for the leastest.

As a Capitalist, I would have a hard time paying more just because something is made in America (and probably lower quality to boot)

A Nationalist would have no problem with this.

This is what it comes down to -- Is the consumer willing to pay more for a domestic product when a cheaper product is available from overseas?

Factor in quality and the equation may get uglier for American Businesses. It took us about 50 years to kill the domestic product market. It will take many years to rebuild it....if we can. (Just wait until the African industrial revolution happens in about 20+ years)

It kinda sucks when Capitalism works against America, but that's Capitalism for you.