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By A Smith (anonymous) | Posted January 30, 2009 at 00:09:47
Grassroots, why does it matter where people buy their goods and services from, so long as they are a good value? If China wants to sell us subsidized electronics, then that is a good thing. Just to take this scenario to the extreme, imagine if China sold subsidized cars to us for $1. That would put domestic autos out of business, but it would also mean that consumers had an extra few thousand dollars to spend every year on other items, like restaurants, sporting events, retail, etc. This would also mean that displaced workers would simply shift from producing autos, to something else.
The net result would be a consumer with more buying power and a nation that could invest money in newer industries.
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