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Source link: http://archive.mises.org/7000/could-you-live-without-china/

Could You Live Without China?

August 17, 2007 by

One family’s experiment — and the results.

{ 7 comments }

Jon Matthews August 17, 2007 at 11:10 am

I bet it was hard for her to find parts to build her momument of Mao. It seems as if she decided to stop buying from all of Asia and the Americas as well as from China. Or is Western Europe the only region other than China that produces things? Or perhaps she followed the party line and considered Taiwan part of China as well.

Matt Shannon August 18, 2007 at 8:55 am

Somehow I missed this story. Thanks for posting it Tom.

Do need to try and live without the free market?

While the above comment is quite irrelevant to this story it does point to some deep seeded problems.

If we were able to rid this country of the mixed economy we have and were able to have citizens directly educated by the benefits produced by the free market only then would we begin to see this type economic ignorance disappear.

I’m all for cheaper consumer goods. Therefore let the market provide them from wherever they can be produced. If they are shoddy or dangerous, people will remember and become patrons of businesses that do not sell dangerous products. This is so basic it is, as the president said a few days ago, Economics 1 (not 101).

Nasikabatrachus August 19, 2007 at 1:07 am

I really wish someone in the mainstream media could for once talk about how bad it would be if, without free trade, we had to do all of that work ourselves.

Timothy Kelly August 19, 2007 at 11:21 am

There is no need for the government to crack down on ”dangerous” products from abroad. Free trade, by increasing competition and greatly increasing the number of available goods, benefits the consumer. Although we live with busybody government agencies like the Consumer Product Safety Commission, the market provides ample protection by providing product information and ratings (Consumer Reports, Underwriters Laboratories, etc). Witness how fast Mattel Inc, the seller of those Chicom toys, responded to market demand. Consumers, once armed with information need not depend on a government ordered recall. Mattel, looking to protect market share and preserve good faith with its customer base, responded almost instantaneously to the problem. Sure, the market isn’t perfect but its failures are nothing compared to disasters engineered by government. Should we expect the Federal Government to respond as quickly to their own mistakes, like collapsing bridges and unnecessary foreign wars?

Anthony August 19, 2007 at 6:49 pm

Oh but didn’t you know, Mattel is conspiring to poison us evil Goyim!

http://www.wakeupfromyourslumber.com/node/3042

Dumbest “logic” I have ever encountered.

Brandon Harnish August 19, 2007 at 10:25 pm

Hooray for the division of labor!

Jon Matthews August 20, 2007 at 10:09 am

Matt, I fail to see how anything in my previous comment constituted “economic ignorance.”

My point was that the article was biased and sounded like it came from a Chinese government PR person.

I’m all for free-trade and cheap, well-made goods. I just think that it’s ignorant to say that China is the ONLY place that produces such goods.

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