Well when you Adam Smith's of the world solve our problems we, mortals, have to deal with Boeing's current "math dollar" threat to go more offshore unless they get more Ex-Im monies.
Review post #45
both the engineers of the company & the mechanics that actually build the airplanes. Not a good move on his part as we witnessed
with the mess that was & is the 787. Boeing is contractually required to stay in house for both the 737 & 777 advanced models.
Having more than a little bit of experience with offshore workmanship, I will guarantee there is not a learning curve built that will allow
quality airplanes to be built offshore. That is both from a logistical & workmanship point of view.
As for the financial thing, there are NYSE listed companies that seem to make it work without help.
Everyone's friend is No One's friend
Someday your life will flash before your eyes. It's your responsibility to make sure it's worth watching!
The world is a dangerous place to live. Not because of those who are evil, but because of those who
choose to do nothing about that! Einstein
I didn't think you could get anything else wrong about it but you proved me wrong.
Here some more thought from real economists on it and why it doesn't hold true in any real economy.
The theory of comparative advantage, and the corollary that nations should specialize, is criticized on pragmatic grounds within the import substitution industrialization theory of development economics, on empirical grounds by the Singer–Prebisch thesis which states that terms of trade between primary producers and manufactured goods deteriorate over time, and on theoretical grounds of infant industry and Keynesian economics. In older economic terms, comparative advantage has been opposed by mercantilism and economic nationalism. These argue instead that while a country may initially be comparatively disadvantaged in a given industry (such as Japanese cars in the 1950s), countries should shelter and invest in industries until they become globally competitive. Further, they argue that comparative advantage, as stated, is a static theory – it does not account for the possibility of advantage changing through investment or economic development, and thus does not provide guidance for long-term economic development.
Much has been written since Ricardo as commerce has evolved and cross-border trade has become more complicated. Today trade policy tends to focus more on "competitive advantage" as opposed to "comparative advantage". One of the most indepth research undertakings on "competitive advantage" was conducted in the 1980s as part of the Reagan administration's Project Socrates to establish the foundation for a technology-based competitive strategy development system that could be used for guiding international trade policy.
Last edited by IowaBayDog; 07-31-2015 at 07:44 PM.
The House took their summer recess ... without taking up the Senate's highway bill ... thus putting the Senate in the position of having to pass just the 3-mo. bill that the House had approved.
Did Boehner feel the heat?
So, 3 mos. from now the highway bill will have to be extended. Does that mean that Ex-Im Bank might die on the vine?
For those of you who rail against the crony capitalism and corporate welfare that BOTH parties have indulged in, will anyone remember that it was the Rs that fought this battle?
Maybe there is still a ray of hope that some people of character in Congress can make a difference.
"Know in your heart that all things are possible. We couldn't conceive of a miracle if none ever happened." -Libby Fudim
I don't use the PM feature, so just email me direct at the address shown above.
You can't even keep your lies straight
Do you know what an oxymoron is? Jumbo Shrimp??
Some say "Military intelligence" is an oxymoron. If so it is morons like you that made it so!!
Have a nice day and go train your dog Danny boy.
Iowa Bay Dog I agree with your post #57. I think ever since Nixon the long term plan was to integrate China into the world economic order versus fighting them some more on the battlefield. Corporate America still thought they could run the world, and all our politico sheepies fell in line with off shore banking, hiding corporate profits, and allowing the American public think we could become a service industry nation because we were not cost-effective laborers. The corporates love to raise the flag for market penetration and protection , but abandon the working stiffs when it comes to jobs/illegal immigration. Get the people all worked up about "social issues" but don't follow the money trail.
A mile from me, where 1st Steven Arms ,next Westinghouse employed over six thousand making stuff- we now are going to have a Chinese builder of local commuter rail trains for Boston's MBTA because
Bombadier(CAN) and another Chinese company (lost bids)are the only ones capable of making these trains today. I still have not figured out the backdoor nature of this deal, since Massachusetts DID NOT accept Federal Funds, used all "state" funds to guarantee that the trains would be built in Springfield, Massachusetts. Ironic we can build F-35s , Sikorsky helos, Pratt @ Whitney engines within 30 miles of here but can't figure out how to build American commuter trains.