american recession

[BDG]

(30 December 2012, 21:20)Barneyboy Wrote: do you think its deliberate to bring manufacturing back to the USA AND UK

No, for a couple of reasons.

1. We will still want China to make us things, just not as much

2. China has raw materials to make a lot of the things we want - they might not sell us these, if they did it would be at an inflated price.

3. Cost of manufacturing here would be to high. We only have cheap goods because of cheap manufacturing. When the majority of out electrical goods were made in Europe, they were blood expensive.

You could argue for a protectionist economy, but that would kill exports and we need to export to pay the bills.