Quote:
Originally Posted by DonQuigleone
More efficient industries, in a correctly functioning economy, will lead to lower prices for consumers, higher wages in those more efficient industries and greater prosperity for all.
So, what benefits industry and productivity(but not cronies!) is very much in the best interests of the citizenry and country as a whole. After all, don't we all want to be more prosperous?
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Planet-wide? Yes. Nation-wide? Only if the industry stays local. The "higher wages" you speak of currently occur in China. The owners of the industries might be American, but most of their employees aren't. Without serious incentives, any desire to improve the industry practice would involve transfering profits to overseas ventures.
Quite simply, an industry that isn't even in the country has an efficiency of zero in promoting jobs. No local industries = no efficient industries. It doesn't matter how efficient the Chinese factories are; they are still in China and doesn't count.
America is careful about who they sell their military tanks to. If only they are just as careful about who they give tax cuts to as well.