1 vote

China tries to corner world cotton market and put US Farmers out of business

China has been stockpiling cotton for years (probably with formaldehyde to preserve it) and now they have a huge supply of cotton to make Chinese made clothing tht they then in turn sell to Americans and worldwide since they have the global textile market corned with no competition.

BUT China is also a top cotton producer and with its stockpile can go a couple years without purchasing from the US, putting thousands out of business and then jacking up the prices on clothing worldwide because of the demand for cotton.

Buying from China has consequences, they want control of everything, at all cost.


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Lowest priced product wins

Forget the "be American, buy American" (or whatever country you're in). Buy whatever products you want from whatever supplier has the lowest priced product.

Those who blindly defend Labor or

specific industry should start reading Ludwig von Mises ASAP in order to educate themselves in economics. It is embarrassing. Emotions and "common sense" wont cut it. Those who blindly support labor will support government spending and subsidies, tariffs, destroying new machines, banning robotic machines, banning selling used products, etc. Their socialist trade union "logic" is the same as of those idiots who was whining against Rockefeller in 19th century for flooding USA with oil thus killing jobs for thousands of whalers (who used to kill whales for blabber and burning oil.)

If China subsidies their cotton, it means wealth from Chinese taxpayers is moving from China to US consumers of cotton products. China is depleating its capital while American people are getting richer. In addition, US dollars paid for cheaper Chinese cotton will buy more US exports thus generating more jobs in other US industries.

Milton Friedman on free trade: http://www.youtube.com/watch?v=zk3ruapRQZk

Monsanto, Is once again

Guilty of endangering the Country, trying to make bio-cotton. Good timing on the part of the Chinese. This may stop Monsanto