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Created on: June 23, 2010
As long as we continue functioning under a pure capitalist system, the need to justify our actions will always be overshadowed by our wish to gain profit.Some believe that by buying products that are made in the USA will help stimulate the economy while keeping the dollar re-circulating longer within the country. Although it is not a bad idea to have Americans invest in Americans, to have actually exercised it fully would have developed tensions that could leads to policy change or even sanctions between USA and some
It is undoubtedly forecasted by some Americans that if most of them where to purchased products that were made in the USA it would have help revolutionize the American manufacturing industry. Which means more American manufactures would have find it in their interest to move their line of production in the US to avoid being sanctioned.
This assumption is obviously base on the statistic that Americans consume more than the rest of the world and by that any discouragement to buy foreign made products is a counter act to minimize foreign import.
Although the above reasoning is satisfactory, the truth dictates tat the gravitation towards buying American made products have not completely taken flight since “The Nation’s international trade deficit in goods and services increased to $40.4 billion in March from $39.4 billion (revised) in February, as imports increased more than exports. (May 12, 2010)”. This tells us; while we may be good at talking the talk, walking it is a whole different ball game.
You can’t eliminate competition out of trades by taking a patriotic approach in buying products. People need to have choices so that they make intelligent decisions, taking a patriotic approach can only leave the patriot with fewer options, making them vulnerable to monopoly.
There is however a fundamental error in thinking that there is such a thing as the American economy and that this economy functions independently from all other economies. Even though we may not have said it does not make it untrue, because to imply sanctions on foreign made products signified that we can survive without them. Meanwhile, the recent free trade agreement dictates otherwise.
The free market system has long opened all barricade for any country to trade as they please. This way of limiting trades on the American part, although it may be beneficial for some American businesses, to some extent can restrict a business long term growth.
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