Analysis of a “New China” and the United States role in the World:-3

Even if you take into account, the shipping, handling, real estate and fixed costs of the facilities, it still does not make sense to mark a shirt 200 to 300 percent of its original costs. I mean how much profit is enough for these companies. They keep on duping the American Public and they keep on getting duped, getting excited when they find a good deal (me included sometimes) not knowing that the companies are still making a huge profit.

The same stuff is sold in overseas countries more cheaply than they can imagine. A Chinese worker earns far less than their American Counterpart for the same type of shirt manufactured in China than in America. We will not be able to compete with other countries if we keep on ripping off the American public for things which costs next to nothing sold in America for prices which will never be charged overseas. It seems that we are subsidizing the lower prices overseas with our debt ridden income. This thing has to stop otherwise we will be only paper Superpower.

There was an interesting article about China that we can learn something good from them. Foremost was the education system. Although their children still do rot memorization as compared to American Kids but they study more and have more school days than us. There everybody gets involved in the teaching of kids because that is where the future lies.

Although our Universities are First Class and it is hard to beat them right now but to reach there we have to start investing in our kids and that does not mean spend huge amounts of money. We already spend more than other countries on our public schools with dismal results. It is not the quantity that we have to achieve but quality.