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Reflections on a Wandering Life.....
Thursday, October 16, 2008

But I was also interested in something that most people in America may not relate to, at least in the way I do. I live in China. Obama mentioned China again this morning, as I expected him to. He does not like the fact that American jobs are going to China, and while I do not blame him for that, it is definitely not a good idea to restrict trade in order to compensate for America's overpriced labor. I saw it happen to Japan. America put pressure on them to revise their currency. Japan's relationship with the United States was such that it was not easy for them to refuse. It flattened the Japanese economy. When I mention this issue, many people tell me that the American president cannot have much influence over this, but I'm not so sure. Bush has actually had quite a bit of influence in this area. This is one reason why many Americans are upset with him. Obviously, I don't feel quite the same way. Interesting how our own life situations affect the way we see things. But it isn't just the fact that I live in China. I was a free trader long before I came here. In the short run, free trade does hurt some people. But in the long run, it is good for everyone, including the ones who initially had to take the hit.