China Spin

Like I have recently discussed, Bloomberg and other media sources continue play China off as the bad guy. I really had good laugh at this one.

Bloomberg's most recent article has played to the ego of the little guy. This time it was developing countries, more specifically, the owner and operator of a textile plant in Bogota. His name is Freddy Ramero Ramirez and he is worried about diminishing exports because of competition from China.

Poor little Freddy. When I read this article I was actually laughing to myself. Let me ask you a question. Do you think that anyone cared what Freddy had to say when the U.S. was the leading exporter of the world? I don't think so.

Ladies and gentlemen, this isn't communism. In free markets there are winners and losers, and the winners are the ones who have the ability to deliver its goods to the consumers at the cheapest prices. That's how the game works.

The U.S. has been the biggest winner of that game for a long time. Now that the tides are turning we are starting to see the other side of the story and it doesn't look so good.