academic-industry-military complex, the key to be an advanced nation

FugitiveVisions said:

You are right, because being in the WTO has no impact on trade of raw materials and intermediate goods. Brilliant. I suggest that you pass on your idea to Hank Paulson, because he doesn't seem to remember that the US has a GDP per capita of over 6,000 or that it is running a trade deficit, which as we all know, automatically makes being a member in the WTO a bad idea.


Kick out foreign business = isolationism? My, I guess we are just a whole bunch of retards that don't have a shred of common sense.

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Have you ever heard of anti-dumping duty on raw materials? That should answer your question about WTO and raw materials.

Kick out foreign business = isolationism? You can tell that to japan & Korea.
I consider their ratio of domestic companies/goods versus foreign comapnies/ goods in their domestic markets as equivalent to "kicking out foreign business".

Have you ever heard of anti-dumping duty on raw materials? That should answer your question about WTO and raw materials.

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Yes I have. But that doesn't amount to half the hassle of not having permission to expert your goods, such as from the textile industry, into those countries in the first place. I suggest that you check the numbers.

Kick out foreign business = isolationism? You can tell that to japan & Korea.
I consider their ratio of domestic companies/goods versus foreign comapnies/ goods in their domestic markets as equivalent to "kicking out foreign business".

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But that's not what you are suggesting Einstein. You suggested using government power, rather than market forces, to impose an artificial imbalance. It's like saying picking up a chick at a bar and paying for a hooker are the same thing. Well, I guess you really wouldn't have a frame of reference to make the latter comparison...

FugitiveVisions said:

Yes I have. But that doesn't amount to half the hassle of not having permission to expert your goods, such as from the textile industry, into those countries in the first place. I suggest that you check the numbers.
...

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Do you seriously believe if CHina per capita GDP is $6000(one of my criteria for quitting) they still be doing textile?

antimatter said:

Do you seriously believe if CHina per capita GDP is $6000(one of my criteria for quitting) they still be doing textile?

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LOL. Wow. What you are quoting, $6,000, is an average. It is nearly three times the current GDP per capita. So for the sake of argument, let's just say that China maintains a 10% growth rate for next decade. That would still take China about a whole decade to reach that figure. In a country of 1.3 billion people, more than half of whom are still living in rural surroundings and have very little purchasing power and education or training, you expect the export industries to just suddenly stop? You expect the death of low value manufacturing? What the [censore] is China going to do with .6 billion people? You tell me.

^anyway, here's the bigger pciture for you.
Have you ever heard the term "Take a step back backward so it will enable you to take bigger steps forward". This is exactly that case.

By quitting the WTO, and restrict some of foreign business domestically for duration of time is to reshuttle the deck of the card. It will break the dominance of foreign business.

Such short term isolation, "5 yrs plan" would allow the domestic firms to catch up. The domestic firms would take advantage of this chance knowing that 5 yrs later, the market will be opended again.

So restrictions on foreign businesses will draw no responses whatsoever from other nations. Nor will China's credit be affected at all in the eyes of the world. Of course, every foreign company would be rushing back to China after the 'temporary restrictions' are lifted, and of course, Chinese goods would always be allowed to be exported to other nations because there are no protectionism in other countries whatsoever. You must have a lot of wet dreams.

Seeing how much of an useless exercise it is to use things such as common sense, basic economic knowledge, and basic logical knowledge in my 'discussion' with antimatter, this will be my last post on this matter. My word of advice, go back to playing with pokemon cards and leave the economic talk to the big boys.