CultureCitizen
Silver Member
- Jun 1, 2013
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Well Ed, US salaries have stagnated.
and Chinese salaries have not. have you ever heard of international trade? Globalization?? See why we say slow.
So again Ed, 80% of the chinese companies are SOE. Are you a commie Ed? Wan't to have a red US? Why are you so infatuated with the Chinese model, really?
I'll tell you one little secret few right wingers know. The US developed its industrial base because it was extremely protective.
" The 1st United States Congress, wanting a straightforward tax that was not too onerous and easy to collect, passed the Tariff Act of 1789. Treasury agents collected the tariff before goods could be landed, and what became the Coast Guard prevented smuggling. Tariffs were the largest (approaching 95% at times) source of federal revenue until the Federal income tax began after 1913. "
The US did not lower its tariffs until it was a fully industrialized nation.
Tariffs in United States history - Wikipedia the free encyclopedia