Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
Obama giving US R&D to China - we're published in today's American Thinker
Here's how we begin:
The United States and China are involved in a trade war, the outcome of which will determine who gets America's remaining manufacturing industries and research and development centers. The Chinese are actively fighting; President Obama is actively talking.
The Chinese government fired a huge broadside in December when it issued new rules requiring that American corporations doing business in China move their research and development centers and patents to China as a condition for selling goods and services to the Chinese government.
Nineteen trade groups that represent America's largest corporations responded with a January 29 letter to several U.S. government officials. Here is a selection:
You can read the rest at:
Comment by Zbigniew Mazurak, 2/26/2010:
I've read that article. The grim picture you've painted is a serious warning. It would be a disaster to allow the US economy to atrophy into nothing more than scrapyards, agriculture and services.
The British economy has already been degraded to that state.
But one issue that you, sadly, seldom raise, is the issue of product quality. Unfortunately, Western countries impose no genuine product quality standards on Chinese imports, and the result is that they import huge quantitites of junk that should be barred from these countries. For example, my father recently ordered a computer element from China (because it's cheap), but when the element arrived, it quickly broke down and, if not disconnected from the grid, would've caused a fire to our home. Why did it break down? Because it's of abysmally low quality, made from cheap, undurable materials.
So the Congress should immediately institute universal, strict, unwaverable quality standards for all imported products.
Response to this comment by Howard Richman, 2/26/2010:
Journal of Economic Literature:
Atlantic Economic Journal: