In many of these cases, the managers and shareholders of these companies are in the US.
But sooner or later, people in other countries will figure out how to manage and own these companies without Americans.
There will be mass panic when over-paid US executives will lose their jobs, and foreigners buy more and more US companies.
That will be the tipping point: When either the US will start to retake manufacturing jobs and becomes strong again, or it becomes a rapidly shrinking market of people who make nothing but buy trinkets on their credit cards.
Joe invents something one weekend. He gets a brilliant idea, sketches it out, and even builds a crude prototype to convince himself that it will really work. He's convinced that he'll make some money if he can get the item produced inexpensively enough. It's not something that people will pay big money for, but he's convinced that it will sell if the price is right. Where should Joe get the item manufactured so as to maximize his profits?
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In many of these cases, the managers and shareholders of these companies are in the US.
But sooner or later, people in other countries will figure out how to manage and own these companies without Americans.
There will be mass panic when over-paid US executives will lose their jobs, and foreigners buy more and more US companies.
That will be the tipping point: When either the US will start to retake manufacturing jobs and becomes strong again, or it becomes a rapidly shrinking market of people who make nothing but buy trinkets on their credit cards.
What does Warren Buffet think of this?
http://www.pbs.org/wsw/news/fortunearticle2...>
So maybe Joe should...make something?
What would Ron Paul's solution to this be?
Joe invents something one weekend. He gets a brilliant idea, sketches it out, and even builds a crude prototype to convince himself that it will really work. He's convinced that he'll make some money if he can get the item produced inexpensively enough. It's not something that people will pay big money for, but he's convinced that it will sell if the price is right. Where should Joe get the item manufactured so as to maximize his profits?