Stop whining about China. Stop looking for scapegoats. Maybe the problem isn't with them, but us.

It's time to get some perspective. I just received a flier from Target Corp (NYSE: TGT) advertising a Euro futon / contemporary sofa for $99, a Haier under-counter stainless steal refrigerator for $99 and a microwave for $30. These prices are so low I had to check three times to make sure I was reading them correctly. No gimmicks were found.

Consider this, it would be a waste of our resources to have Warren Buffett or Steve Jobs mowing lawns. That is not the highest and best use of capital should we choose to pay the millions it would cost to hire them. Conversely, it would be an extreme waste of their talent if they worked for your average gardeners' wages. Our highest and best use of resources is to pay foreigners to do the work.

Continue reading Stop blaming China - partners win, whiners lose

Stop blaming China - partners win, whiners lose originally appeared on BloggingStocks on Thu, 23 Aug 2007 13:26:00 EST. Please see our terms for use of feeds.