In reading the Aug. 4 issue and noting the closing stories and Mailbag letters, I felt compelled to write something. So here is my 2 cents.
* Congress is not listening and won't listen to U.S. manufacturers until we are in a crisis situation. They are putting their heads in the sands of time, hoping it will go away.
* Free trade does not work if everyone is on a different playing field. Survival goes to those that are willing to take advantage of the situation. The USA had that advantage until the rest of the world found out capitalism works.
* If you have a nation with a large population of energetic poor people, you have a ready-made cheap labor market. If you don't want them to rebel, you either feed them or give them work to feed themselves. China embraced socialism but saw that it did not provide an economic engine. Hence what we see now is a country committed to growing at the expense of the rest of the world.
* The loss of jobs in the USA is not going to stop. As China gains experience and expertise, it will continue to go after more high- and low-tech goods to market.
The United States is at a transition point in its history. It can survive or collapse, depending on how it responds. For the next 50 years, the U.S. standard of living will drop. Industrialization of the planet will bring about overcapacity to produce goods. The only thing that will block this will be the allocaton of energy. Oil and natural gas are finite resources.
What has all this to do with your business? Everything. It means you are going to be in a survival mode for some time to come. Remember, there is no law in the universe that says the USA will always be No. 1 on the planet. Times are a-changing.
How do we stay on top? Pump money into schools. Change our attitudes toward color, religion and sex. The old ways hamper and dampen bright people. Education can cure many ills for many people. Stop government waste. We don't need the government to be the biggest employer in our nation. The best tool you have sits on your shoulders. Learn to let it be free to find solutions to all the problems we cause ourselves.
Agency Fibers Ltd.