CLASSIC 2011 shake down economics

Wednesday, August 24, 2011

RE MARKET POWER AND TRICKLE DOWN ECONOMICS TECHNOLOGY TRANSFER AND OTHER ISSUES CALL IT SOMETHING REAL CALL IT SHAKE DOWN ECONOMICS

Re Apple, China, and Samsung, etc., etc.:


Imaginary dual soliloquies:
American savvy, sassy, MNC executives: "Let's start producing, or continue producing, in Asia, or India, as the labor costs are so darn  low, and profitability is our main criterion."


Asian political leaders: "Let's give these idiotic American companies low labor costs for a little while, while we are taking everything useful regarding their products and techniques, and market information, from them. 


Then we will simply undersell them on foolish laissez faire world markets, and take over these foolish gringos' world, then enslave, and perhaps also kill, a great many of these idiots."

What is going on now, with the shift already far advanced in so called market power, 

we are seeing the emergence of powerful leverage in Asian economies against foreign companies and their weak regimes, and their products and markets.

I would call it, at this point, not merely not trickle down economics, 

or trickle away, 

or torrent away, 

but something more realistic, more somber, 

in line with Steingart's epithet, "attacker countries".

I would call it now 


dumb and dumber 


shake down economics.

Terms search: human conflict, leverage, trading places, dumb dumber, etc.