The current economic situation does not need a scholar, a genius or a highly-educated person to analyze that everybody contributed one way or the other to the present economic situation - recession. First, most Americans do not patronize U. S. made products anymore. Majority have become so cheap in their consumption habits. The flimsy excuse is because foreign-made products are far more cheaper (though most times inferior) than locally produced ones. The repercussion of such action was not taken into consideration. Either because of one's total disregard for such an impending blow on such choices in the long run, or, the inane decision that cheaper was better (at that moment). Everybody has to admit he or she has a part in the economic boomerang effect at present. The considerable hardships we are now in - and what lies ahead for unknown number of years to come is also our own making. We should all admit to this guilt.
In retrospect though, we are not to be blamed wholly. Why? It is common knowledge that the market is flooded with foreign made goods. From a simple needle for sewing to high-tech electronics, there are always MIC (made in China) everywhere. Everything is always made and imported from somewhere, but MIC products are the topmost. They manufacture almost anything and everything on earth that you can imagine and we continue to enrich them.
I think, two years ago, a lot of MIC food were competing with a lot of food items (yes, even garlic, ginger and onions) in the groceries too. People started to buy them a lot in the groceries because of the competitive low prices until the consumers heard the widespread news of MIC dog foods identified as culprits of dogs and cats getting sick and eventually dying. After the news, MIC food items sales plummeted and rarely does anybody now touch any MIC food products anymore. But wait, MIC has strengthened their presence in another area of goods - they are unstoppable. Recently, if one goes shopping in the malls, you will discover that all the stores are now flooded with MIC clothes and accessories at very competitive prices with those made in India, Singapore, Bangladesh, Mexico and other countries. I think, their 30% production presence in apparels and accessories have now increased to almost 95%! I have not even mentioned the toy industry which I think they have captured long time ago with 99% presence.
Some American manufacturers suffered heavily in a highly-competitive market because the local consumers preferred to patronize the cheap products made outside of the U. S. However, some of these companies are owned too by some U. S. based companies. We should, therefore encourage our manufacturers and factory owners not to build factories outside of the U. S. anymore. They should also stop outsourcing cheap labor outside. On our part, we should patronize U. S. made products. This is one of the ways to rebuild our economy again.
If we want to regain fast in our economy, everyone should really be an American to the core. It is high time
we change. Let us patronize U. S made products. It is one way of proving that we love our country - in deed and indeed.
I agree with you, my dear friend. That should be done here in Australia too.
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