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Lasher

(29,563 posts)
6. Costs are currently low - artificially so.
Tue May 29, 2012, 05:42 PM
May 2012

China is not going to stop employing these predatory trade practices. Don't get me started on currency manipulation. We have been doing a pretty poor job of protecting our domestic manufacturing in general.

If we take no measures to thwart them, and if both Europe and India are to be equally complacent, the most logical outcome is a Chinese monopoly. They do not want to bankrupt competitors so that they can subsequently lower prices. They want to control the market so that they can raise prices with impunity. And with no real competition, they would not have an incentive to spend a lot of money to develop better products.



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