I appreciated your economic and patriotic perspectives last night. In contrary to the statement about keeping "good jobs" in the US, you might consider that the east coast used to think that steel industry jobs were critical to the nation's economy. This article demonstrates 'steel production' bankrupting a Chinese company, just think what it would have done to a US company: china steel.
A CEO of a defense contractor is 'only' able to speak on behalf of the shareholders; everything else is propaganda and manipulation towards the benefit of shareholders. People of the world are facing a global economic crisis and a macro view of economics doesn't consider the bloated 55,000 jobs in a local economy but the strategic spread of wealth and political support in a global economy. Protecting these jobs is like providing socialism or welfare to make a desparate community lazy and unsustaining.
A strong nation must reinvent itself, high-volume manufacturing is about taking skilled labor and making the process low-tech, prior to obsolescence. Planes (and rockets) are very low-tech; the designs are from the 60's and the avionics are from the 70's and its production has been commoditized. The US is capable of providing superior engineering, while some cultures are devised to only develop replicas and efficiency (US engineering and MBA students study that Japanese have a low individualism score on the Myers-Briggs Type Indicator and have an education format based on memorization and not creativity). In general, the US can maintain a lead in productivity by shedding high-volume manufacturing and focusing on the creation of wealth. An increasing GDP is critical in managing the nation's debt. Don't forget that a $200B US trade deficit annually exists with China. What could China do with $1T US?
A third point is on politics regarding the US spending of $600B in Iraq to provide international security. The more that the US can learn to share its least sensitive technologies and economic gains, the more allied support that will be gained. This will mean less responsibility, economic burden, and anti-US sentiment; more security for US families which is all that Americans seek.
Key take aways:
- People of other ethnicities, did not choose their ethnicity.
- Don't be the 800# gorilla, you are just a bigger target.
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