[lbo-talk] Value of the dollar

Michael Pollak mpollak at panix.com
Wed Feb 1 22:35:41 PST 2012


On Tue, 31 Jan 2012, Doug Henwood wrote:


>> Here is Krugman on Apple and China:
>>
>> http://krugman.blogs.nytimes.com/2012/01/22/apple-and-agglomeration/
>
> Damn, I have to blog more. Because those were exactly my thoughts on
> reading that NYT piece. China isn't just about wages - it's reached
> critical mass as a manufacturing powerhouse.

BTW, FWIW, Krugman soon built on this as grounds to defend (a) the auto bailout and (b) by implication, what industrial policy might provide that could be lasting: be like Germany:

http://www.nytimes.com/2012/01/27/opinion/krugman-jobs-jobs-and-cars.html

Michael



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