Wednesday, August 15, 2007
When it rains, it pours
And the wheels continue to come off for China, with the latest being lead in baby bibs. There are too many product and food safety issues to be ignored much longer. China has been growing too fast for too long, at the expense of quality and safety. This will result in a backlash, and I believe increased costs of Chinese goods.
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3 comments:
Oh yeah, and not to mention the Chinese tire recall from a month ago.
Having seen my son wear one of the recalled bibs, it really gives me a warm feeling about the "savings" realized by the American consumer through the machinations of competitive advantage and international trade.
But it's cheaper. Doesn't cheaper always = better?