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Thursday, May 23, 2013

LETS LOOK ALSO AT SOME UNDERLYING REALITIES OF INTELLECTUAL PROPERTY

Historically, most liberal economies have been reluctant to prohibit their companies from setting up operations in foreign countries.

Off shoring plant and facilities has become a way of life to take advantage, call it temporary rather than comparative or competitive advantage, of lower labor costs.

These transfers have constituted the single largest transfer of wealth from West to East, and most of this has been in the last 50 years, primarily on our watch.

For many US and European firms, setting up factories in Asia has turned out, in the long run (not all that long, usually, say 4, 5 years, even less), to being tantamount to sort of going out of business, slowly.

Of course, there were early post WW II US  subsidiaries in Europe, ' When in Rome do as the Romans ', ' the world is our oyster ', see Sovereignty at Bay, etc.

Now the situation is one really of appeasement, and of , meanwhile, winding down to the bottom of global costs.

As long as the West peacefully economically disarms,
'nobody gets hurt '.

term search: Gimme All Yur Free Trade, Dusty

Think also: the so called ' J Peterman ' character, from Seinfeld, the great, liberal, free trade, guru;
see: the catalogue..................

Ralph Lauren, following in those well trod footsteps...

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