Sunday, September 7, 2014

Globalization and China

Yes, globalization and free trade are both good if the participants play them fairly. We have to ensure no product dumping (to drive out competition and then raise prices as Microsoft did).

It tells us sth when China can import some goods to the USA over Mexico who has no tariff and is just next door.

Let the best importer win! Otherwise, we have to enjoy a $50 toaster and dump all the chicken feet to the ocean.

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