Friday, Aug 17, 2007
Made in the USA (not China) is a good thing in retailing today
business week: Given the recent spate of more recalls on products made in China, now may be the time to start promoting a Made in the USA message.
Remember the pet food scare? And the tainted seafood? And the contaminated toothpaste? Other products also include unstable hammock stands, kids jewelry with lead paint in it and more. I'm not trying to sound the alarm bell - you can find products coming from other countries that are dangerous. However, according to an article on Worldnetdaily.com, products from China were recalled twice as often as those of other countries.
Posted by worried mother @ 06:04 AM (268 views) Add Comment
5 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Global Citizen said...
When the going gets tough, out comes the call for protectionism... which the western developed nations have been asking the developing or under-developed countries not to do under various treaties.. GATT, WTO etc.
2. dohousescrashinthewoods said...
Exactly - smacks of a big spinning pile of Bushist political BS.
Is this the US giving China a kicking for threatening to crash the Dollar?
3. C'mon Correction said...
I found a noticable amount of bad press about Chinese goods over the last couple of months. The USA is starting to panic and turning towards protectionism. CNN has been running a series on dodgy Chinese goods, it's like someone turns on a switch and the media obey.
I don't think the quality of chinese goods has changed at all.
4. Symo said...
I would enjoy the Negotiation:
US: We are going to stop imports of cheap goods until you sort out Quality issues.
China : Shut up we now own all your political backers you inbred half wit.
US: Bloody free market.
Seriously I read in the econimist that the Chinese are sitting on 1.3 trillion dollars hard reserves. This is why Iran is OK at the moment, the US can't take a sh!t unless it has the chinese blessing.
Protectionism will only serve to increase inflation.
5. sold 2 rent 1 said...
More echoes of 1929-1930
http://truthabouttrade.org/article.asp?id=7985
Extract: Economists Against Protectionism
===============================
On May 4, 1930, 1,028 economists signed a petition urging Congress and President Herbert Hoover to reject the Smoot-Hawley Tariff Act, arguing that "increased restrictive duties would . . . operate, in general, to increase the prices which domestic consumers would have to pay." Neither Congress nor the president listened, but the stock market certainly did.
Though many associate the Great Depression with the stock market crash on Oct. 29, 1929, the market actually rallied during the six months following Black Tuesday, while the defeat of Smoot-Hawley appeared likely. The market turned south again in April 1930 as those hopes of defeat gradually dimmed.
The Dow Jones Industrial Average sank a full 8%, from 250 to 230, over just two trading days in June 1930, in direct response to the Senate's passage of Smoot-Hawley and Hoover's announcement that he would sign it. Exacerbated by other flawed governmental policies, an international trade war continued to drive the market down until the Dow hit a low of 41 on July 8, 1932, having lost 89% of its value from its September, 1929 high. It would be 25 years before the market recovered its 1929 peak.