What really happened to manufacturing?

[Brutus]

skeptic: Since the markup from factory cost to wholesale is typically 200% and the markup from factory cost to retail is typically 600% the initial costs make a mighty difference in the retail price.

Brutus: no idea what you are talking about, 600%? Chinese goods usually show up here about 25% less than American goods, they are often of lower quality, and that is after huge currency manipulation. So, 600% is in the absurd range.[/quote]

Skeptic: But then again you have shit for brains and no clue what you are talking about. Most Chinese goods show up here at 1/4th or 1/5th the costs of US goods. But the markup evens the playing field.


Brutus: here's a little Econ. 101 for you ( class one day one). If Walmart got goods at 20% the price of American goods, and marketed them up to be equal in price to American goods. Target would make them up a little less and put Walmart out of business over night. The beauty of capitalism is that it drives profits to 0!! And now you know too.

Skeptic: It costs 1/4th as much just to ship a Chinese machine tool from Bellingham to Fresno as it did to make it and ship it overseas to CA.Did you graduate from high school? Just asking.


Brutus: actually chinese goods and American goods cost about the same to ship. Everyone pays the same price per ton. You've got to think before you post. Sorry

 

[skeptic]

Brutus: here's a little Econ. 101 for you.

The beauty of capitalism is that it drives profits to 0!!

You clearly deserve some kind of award for your idiocy. You must be one of the world's most (un)accomplished idiots.

Did you graduate from high school?

Clearly your IQ is insufficient to understand capitalism.

What's entertaining about you, Brutus, is that you are too stupid to realize that you are the board idiot.

BTW, here is a liberal. Do you recognize either of these guys?*

(*hint, they have a combined net worth $40 billion more than yours)

 

[Brutus]

Brutus: here's a little Econ. 101 for you.

The beauty of capitalism is that it drives profits to 0!!

Skeptic: You clearly deserve some kind of award for your idiocy. You must be one of the world's most (un)accomplished idiots.
Did you graduate from high school?
Clearly your IQ is insufficient to understand capitalism.
What's entertaining about you, Brutus, is that you are too stupid to realize that you are the board idiot.

Brutus: of course if that was true you'd explain why capitalism does not drive profits to 0. Instead you call names like a child in a school yard when you've been exposed.

Skeptic: BTW, here is a liberal. Do you recognize either of these guys?*

Brutus: and????? do you have any idea what point you are trying to make?

 

[PLYMCO_PILGRIM]

Brutus: liberals happened!! They are anti-business. But, America still manufactures 20% of all manufactured goods and its holding steady too. That's 45% more than China.

We could make unions illegal, give tax credits to manufacturers, and pass a Republican Balanced Budget Amendment so China and Japan would have to buy our goods rather than our bonds. Problem solved but liberals hate business so we flounder.

NAFTA and China happened.

AKA Cheap Labor outside the USA and the relaxing of international trade barriers happened....well at least the relaxing of international importing in the usa did.

 

[Brutus]

Brutus: liberals happened!! They are anti-business. But, America still manufactures 20% of all manufactured goods and its holding steady too. That's 45% more than China.

We could make unions illegal, give tax credits to manufacturers, and pass a Republican Balanced Budget Amendment so China and Japan would have to buy our goods rather than our bonds. Problem solved but liberals hate business so we flounder.

NAFTA and China happened.

AKA Cheap Labor outside the USA and the relaxing of international trade barriers happened....well at least the relaxing of international importing in the usa did.

You sound as if you are against free trade? Here's the general rule: the more people with whom you trade the richer you get; the fewer with whom you trade the poorer you get. If you could not trade with anyone you would have to make everything yourself and you'd be very poor or dead.

 

[skeptic]

You sound as if you are against free trade? Here's the general rule: the more people with whom you trade the richer you get; the fewer with whom you trade the poorer you get. If you could not trade with anyone you would have to make everything yourself and you'd be very poor or dead.

Clearly you are an economic illiterate.

Everybody from Keynes to Friedman, from the Roman empire to the British empire recognized that it is money supply and not trading partners who limit wealth generation. That was the old world, today is the new world. Today it is resources and money supply that limit wealth potential.

Do yourself a favor and study monetarism:

Quantity theory of money - Wikipedia, the free encyclopedia

 

[Brutus]

You sound as if you are against free trade? Here's the general rule: the more people with whom you trade the richer you get; the fewer with whom you trade the poorer you get. If you could not trade with anyone you would have to make everything yourself and you'd be very poor or dead.

Skeptic: Clearly you are an economic illiterate.

Brutus: oh this ought to be good; from the guy who didn't know that capitalism reduced profits to 0 in the long run.

Skeptic: Everybody from Keynes to Friedman, from the Roman empire to the British empire recognized that it is money supply and not trading partners who limit wealth generation.

Brutus: if so why be so afraid not provide a quote???? Of course if this was true you would not have to be asked.

Skeptic: That was the old world, today is the new world. Today it is resources and money supply that limit wealth potential.


Brutus: perfectly stupid!! You have no idea even what subject you are on. Subject of thread was free trade, i.e., more trading partners or fewer. Got it now????

Skeptic: Do yourself a favor and study monetarism:

Brutus: why be so afraid to say what you think I'd learn if I did??

 

[Douger]

This is precisely why I'm in the pet industry. Can't be outsourced, can't be automated.

Unfortunately, it's an industry I fear mankind will soon lose interest in. <shrug>

Are you selling "puppy mill" animals or importing aquatics-reptiles from China or South America ( with the A)

 

[Brutus]

Toranado: I am mildly in favor of a balanced Federal budget....but really do not associate it with our trade deficit. Two different things.


Brutus: a little Econ 101 for you. If the budget is balanced then China must buy our goods, not our bonds, so the trade deficit disappears.

 

[william the wie]

You sound as if you are against free trade? Here's the general rule: the more people with whom you trade the richer you get; the fewer with whom you trade the poorer you get. If you could not trade with anyone you would have to make everything yourself and you'd be very poor or dead.

Clearly you are an economic illiterate.

Everybody from Keynes to Friedman, from the Roman empire to the British empire recognized that it is money supply and not trading partners who limit wealth generation. That was the old world, today is the new world. Today it is resources and money supply that limit wealth potential.

Do yourself a favor and study monetarism:

Quantity theory of money - Wikipedia, the free encyclopedia

Since all receivables and all in the money derivatives become part of the money supply to some extent it is becoming increasingly difficult to determine the quantity of money and therefore velocity but yeah you are right. Proving it however is becoming more and more difficult or as happened to me on another board explaining that buying CDS insurance and creating an artificial self-amortizing loan is the same thing only in different words has a huge MEGO factor. Nobody understands modern banking fully and I don't think even the basics are the same any more as in no one in the Fed or treasury Dept. really understood even the high points of what would happen when Lehman Brothers went bankrupt. With 20/20 hindsight the mistakes are obvious but who understood before the fact that hedge funds and money market accounts had become major components of the banking and money creation system?

 

[Brutus]

William: With 20/20 hindsight the mistakes are obvious but who understood before the fact that hedge funds and money market accounts had become major components of the banking and money creation system?

Brutus: of course Greenspan pulled out all the stops to save LTC long before the current crisis precisely because he did understand. Sorry; why not try again? This time remember that thread subject is free trade, not monetary policy. Friedman wrote the Monetary History of the US and be talked about free trade, but he did not relate the two much at all.