patrick.net

dublin hillz says

He's probably saying that as our purchase power relative to consumer goods increased that medical sector came in to take the populace to the cleaners. But then we can say the same thing about colleges and landlords if we follow down that path.

ayup

http://research.stlouisfed.org/fred2/graph/?g=mC8

weeks of work required to pay annual per-capita health care costs

Cheap chinese imports gave everyone another $200 or more per month to spend.

Did we buy more stuff (or put the money in the bank) with that, or did other prices -- gasoline, health care, housing -- rise to take that extra spending power?

Same thing with the Bush tax cuts -- the extra spending power went right into higher costs of high-rent necessities: housing, energy, health care.

freak80 says

Then the boomers came along and realized they could sell off our industry to China and India for short-term profit and totally fucked over the next generation(s). And where the industry goes, so goes the technology

No.. it was the Japanese who dumped products below production costs on the world market which prompted NOT only US manufactures but also Europeans to move factories to Tiger nations like Singapore Taiwan HK and So Korea... else they would have gone bankrupt. This was long long before India and China.

You do recall how the Japanese grew their economy so rapidly ?

so today.. India is accusing China of dumping below cost on Indian markets killing their economy...

India accuses China of dumping silk | China Economic Review
www.chinaeconomicreview.com/node/30065‎
Indian trade officials ruled in March that China was dumping low-cost silk in India and a final order.

U.S. rivals accuse China of dumping solar panels | Reuters
www.reuters.com/article/.../us-solar-imports-idUSTRE80O2AB20120125‎
Jan 25, 2012 - (Reuters) - Chinese solar panel makers flooded the U.S. market with their products at the ... U.S. rivals accuse China of dumping solar panels ...

China slaps anti dumping probe on an Indian chemical's imports ...
articles.economictimes.indiatimes.com › Collections › Indian Companies‎
Aug 23, 2013 - BEIJING: China has launched an anti-dumping investigation into imports of ... TBHQ producers, accusing Indian manufacturers of dumping the ...

India initiates anti-dumping investigation against China and the US ...
www.pv-tech.org/.../india_initiates_anti_dumping_investigation_against...‎
Nov 28, 2012 - India initiates anti-dumping investigation against China and the US. The CSE accused
US manufacturers of taking advantage of a loop hole in ...

China investigates Indian TBHQ dumping - Xinhua | English.news.cn
news.xinhuanet.com › Home › China‎
Aug 22, 2013 - MOC has received requests from domestic TBHQ producers, accusing Indian manufacturers of dumping the product on the Chinese market and ...

China Accused of 'Dumping' Solar Panels in U.S. - WSJ.com
online.wsj.com/.../SB1000142405297020448530457664129200589932...‎
Oct 20, 2011 - Solar Firms Seek Duties in China Dumping Case ... SolarWorld accused Chinese manufacturers of selling solar panels at less than half of what ...

Reality says

Supply creates its own demand. As outsourcing and automation drive down prices, more and more human wants become qualified demand.

Automation does not drive down prices.. why do autos costs more..

capital equipment is very costly to maintain and very complex to produce...