Quote:In a true free market, the market always corrects itself.
That is true. However the market, for things made here, and things made their, are not a free market.
Completely different regulations.
Case in point. (Into ESS & ECS,'field bred', dogs). Some years ago, people were all touting this, 'new' brand of tick repellent, which was Less than 1/2 the price, of the 'other', stuff. (The kind you put on you dog's back, and lasts a month +/-).
It worked, It Killed the Ticks. But, after a year, it ALSO, Killed the DOG !!!!!!! (Made in China)Problem is. A Wrench, Elect item, plastic item, etc., made in China, you buy it, because it is a whole lot cheaper. And No Effect, on you, (or your dog). No effect on the end user, 'after it is made'.
The effects are on the people that, 'make', that item. And Yes, I am also guilty. Their are times I also buy, 'china made'.
One can buy, (essential the same), pocket knife, made in china, for 10.00, or one made in Titusville PA for 100.00. The US one, will look nicer, but after a couple of months, carrying it, using it, it's a toss up. Now, if one 'looses' it, (happens on occasion). 10.00 loss is a lot easier to handle than a 100.00 loss.
I think almost, Anything, with any kind of 'circuit' board in it. Coffee maker? (try to fine one NOT made in china). Or alarm clock, gps unit, etc. Very tough to do. 90% of the stuff at a, 'dollar type store, or most mart-marts.
But when it come to something, that one ingests, or puts on the body.
I'll stick to a product, made in a country, which has regulations, on how it is made, and what goes into it.
I remember when, 'Made in Japan", was a real BAD thing. So bad in fact, that a number of years, Ithaca, (a US Gun Company), put "Ithaca SKB", on their firearms. (SKB = SAKABA which was a company formed in the Ibaraki province of Japan in 1855). Most people thought they were buying a, US made firearm.
SKB's, were, (and still are), a very high quality, very well made, firearm. So who knows, maybe, 'Made In China', (in 50 years or so). May, not be such a bad thing. Of course, I believe that would depend on, a free market, and if the people are, demanding a higher quality, rather than a, 'throw away'.