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Efficiency is a good thing. And its impact is
felt much better when you are dealing with a closed system. And our system
was psuedo-closed, not because of protectionism, but because competitor nations
were dealing with their own limitations, e.g., communism in China.
But it is hard to make your cost structure
efficient enough to compete with a 2-3X unit cost differential with competing
nations ...
Personally, where you can't beat 'em, join
'em. Focus on US industry and services where we have an edge /
equality / monopoly and own industries overseas where the difference is too much
to overcome. Like the Japanese do with automobiles.
In the distant term, hopefully, the world will be
one big nation anyways.
N
----- Original Message -----
<BLOCKQUOTE
>
<DIV
>From:
Dan
Goncharoff
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, May 28, 2003 3:36
AM
Subject: Re: [RT] Tax Cuts
How about improving efficiency? It has worked for most of the
last 200 years...RegardsDanGNavtej S. Nandra (RR)
wrote:
Not suggesting we change interest rates or tax
policy or free trade ... but definitely suggesting that we should do
something meaningful that makes investment in US industry a better
opportunity than outsourcing.
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