[lbo-talk] Walmart, China and American De-industrialization

Eugene Vilensky evilensky at gmail.com
Fri Dec 3 15:50:37 PST 2004


Sigh. Where is bottom?

<http://www.ocnus.net/artman/publish/article_15246.shtml>

The China Price By Pete Engardio, Business Week 30/11/04 Nov 30, 2004, 11:02

They are the three scariest words in U.S. industry. Cut your price at least 30% or lose your customers. Nearly every manufacturer is vulnerable -- from furniture to networking gear. The result: A massive shift in economic power is under way


>From the rich walnut paneling and carved arches to the molded Italian
Renaissance patterns on the ceiling, the circa 1925 council chamber room of Akron's municipal hall evokes a time when the America's manufacturing heartland was at the peak of its power. But when the U.S.-China Economic & Security Review Commission, a congressionally appointed panel, convened there on Sept. 23, it was not to discuss power but decline. One after another, economists, union officials, and small manufacturers took the microphone to describe the devastation Chinese competitors are inflicting on U.S. industries, from kitchenware and car tires to electronic circuit boards.

...



More information about the lbo-talk mailing list