Originally Posted by deadstick
Any fool who thinks outsourcing is good and then tries to back up their argument with economic reasons needs to go to school and learn economics from someone other than a liberal college professor.
I have two concepts that you pro-outsourcing types need to learn about. The first would be "Trade Deficit". Learn what that concept is and see if you can still argue the benefit of having China make our goods for us.
Fortunately for me I am in school and have learned/learning my economics from someone other than a ultra liberal prof. Trade Deficit - The trade balance (difference between exports and imports) of goods and services, usually in dollars, between the US and countries other than the US.
A trade deficit means that a country is consuming more than it is producing. Consuming more than you produce is pleasant thing. It also means that capital is flowing into a country, which can be used for investment. Why don't you go read (or re-read) the short example ryane gave. A long term trade deficit is not a good thing, but in the short term is a good thing (all in moderation). I believe the trade deficit will eventually work itself out.
Originally Posted by deadstick
The second is Keynesian Economics. It's a whole lot harder to keep that circle flowing when there's a big whole in the side sucking all the money out to a foreign country.
I agree, but you fail to mention the immigration issue. Workers come here and send a large chunk of the money back to their home countries economy, sucking it out of ours. China at least invests a considerable sum back in our economy and continues to buy our debt (which is an entirely different issue).