Campaign for America's Future has an interesting story up on how free trade has been integral in crushing our economy. In discussing his book, “The Betrayal of American Prosperity,” author Clyde Prestowitz hits on many issues like the incentives that China has used to draw in manufacturing jobs and their many investments in big ticket infrastructure items as well a combination of other lesser factors that are driving the industry to set up shop in China:
On the website of the American Chamber of Commerce in China, an article confirms that the Chinese government was “influential in persuading Intel to setup its semiconductor manufacturing plant in Dalian,” and notes that, among other things, the Chinese government is building high-speed rail links, new highways and port facilities that would support new industry in Dalian and surrounding areas.
These are just some of the many economic investments that China is making in revamping their entire economy.
Recently, during our world wide economic disaster and our own ongoing Healthcare Reform debate, I and many other Bloggers had noted that China was making a major investment creating a new Single Payer healthcare system partly as a way to drive down the costs for Corporations and partly as a long term job creation strategy in order to create an entirely new economy for their nation of higher paying medical jobs that repay not only the government in the tax base they create as a means of recouping some of the initial investments but also repay the Corporations that may have shoulder some of the burden's of healthcare costs with healthier workers that will, in the long run, be more productive. Sick workers have always been a drain on any economy where workers have little to no access to Doctors and have to show up to work sick or miss more days of work because they can not afford the proper treatment. Never mind the burdens on governments when, like in the USA, people that can not afford healthcare walk in to Hospitals when they are so sick they are often at a point where treatment is more costly than if they had been able to access treatment earlier on.