Analysis of a “New China” and the United States role in the World:-2

We have prodded the world to follow in our footsteps like democracy and free trade and openness but we were not ready for the explosive entrepreneurship spirits of China and India to bite us back. We thought that once their economies open, we will have an open market for our goods to sell them. We have succeeded partially in that course, but we still can’t compete with the low labor cost of those countries. Plus the tradition and culture that they have puts us in a disadvantage. We have been the catalyst or engine for the rest of the world’s economy buying too much stuff from other countries without correspondingly exporting our stuff to them.

We have preached and have been preaching Free trade to the world but if you fly into other countries, you would not see much of the American Stuff in their markets. Mostly the stuff is made in their own countries cheaper (and less inferior in some instances).

I still look for the American stuff to buy but to be honest and fair; we don’t produce much to boast. Our stuff is superior but it is expensive. There are so much burdensome laws to follows making our products expensive to buy here and less of it abroad.

We have opened our markets to the world but have failed to open other countries markets to our goods. We have been outsourcing everything in sight to other countries for cheap labor and then import back the finished goods from overseas at anywhere from 100 percent (very low and extremely conservative estimates) to 1000 percent profit.