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There are some International Trade Deficit Issues, which the United States is trying to shore up right now. China, needs to right-size its currency although that is five years out and we all know instant changes could cause chaos there. Many businessmen in the United States complain and say that; The problem with the Chinese is that they have stolen all the world's intellectual property, do not honor patents, and mass produce in markets that the companies who own that intellectual property once held.Of course during the Deming Years they complained about the Japanese doing the same and eventually Japan started honoring patents eventually because they did not want anyone to steal their technology either and we most likely will see a coming around like that in China too. But how long will that take asks the Auto Aftermarket Parts Industry at their annual trade show and in last months trade journals.In the mix we have the Worlds Entrepreneur Capitalists investing and looking for huge returns with no regulation similar to the pre-Industrial US revolution and we all know what comes next if they cannot make this work, there too; revolution, war and the same as always really.China's growth is good for now. In India growth is good too, as they ramp up education and understand Capitalism better from inside rather than from external consulting. Lots of growth in both places and yet some in America say it is at the expense of the US citizen and worker. Lou Dobbs for instance has been highly critical.Not that the US deserves it due to the way the Unions treat companies, the incessant litigation and the non-stop over regulation. Of course that too is an issue of in-country fiefdoms and well what Adam Smith warned us of too. Perhaps we should consider this in 2006.
Article Source: http://www.content.onlypunjab.com
Lance Winslow, a retired entrepreneur, adventurer, modern day philosopher and perpetual tourist.
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