tag:blogger.com,1999:blog-3236893007467325803.post8640228489606266575..comments2024-03-29T03:22:28.171-04:00Comments on The Headwear Association: How about U.S. hat making?The Headwear Associationhttp://www.blogger.com/profile/01568326920896172788noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3236893007467325803.post-60497722305445497252009-07-15T12:15:08.993-04:002009-07-15T12:15:08.993-04:00Kudos to Bollman!
There has been a lot of press t...Kudos to Bollman!<br /><br />There has been a lot of press though that the "Buy American" theme is protectionist and will hurt free trade and the American economy.<br /><br /><br />There exists a big flaw though in this thinking. It supposes that "Free Trade" and "Globalization" are basically the same thing. THEY ARE NOT!<br /><br />Basically, free trade says you sell me T-shirts --I'll sell you semiconductors. Globalization goes a step further saying I will buy your T-shirts and also build a semiconductor plant in your country to increase my profits.<br /><br />The difference in the two concepts is that now you have a shift in productivity---taking the semiconductor business out of your country and MAKING THE TECHNOLOGY AND KNOW HOW OF YOUR COMPANY --WHICH WAS ONCE SOLELY YOUR OWN-- NOW AVAILABLE KNOWLEDGE GLOBALLY! <br /><br />The idea of a set productivity of nations and the free trade concept goes back to Adam Smith. But, rest assured, Smith had no free trade notions between countries whose population numbers were so far apart as ours and China are. Additionally, Smith certainly had nothing in his theories about increasing other countries productivity by moving our industry out of this country, thus cutting domestic jobs while creating offshore ones, and on top of all that, increasing other countries PRODUCTIVITY by “giving away” our technology!!<br /><br />Well, this may be all well and good you may say, but we have a fiduciary responsibility to our shareholders.<br /><br />Agreed.<br /><br />But, sooner or later, we all have to take a stand as businessman and ask ourselves what is more important in our life times---making a big difference or making a big dollar? <br /><br />WE NEED A REALIGNMENT OF THE INTERESTS OF OUR COMPANIES WITH THOSE OF OUR COUNTRY<br />AND<br />WE NEED THE GOVERNMENT’S HELP TO DO IT!<br /><br />One solution that comes to mind is from the economist Ralph Gomory. His theory is for government to adjust corporate tax rates according to the amount of U.S. content in the product. More U.S. content---less taxes. Less U.S. content—more taxes. This policy would encourage more companies to locate in the U.S. or use U.S. made components thus KEEPING JOBS HERE!<br /><br />You know, I have attended the THA dinners for 20 years. Originally, I was amazed. The original charter called for a yearly gathering for fellowship. This was truly something I wanted to see! Competitors together for fellowship. Ya, right! But, I couldn’t believe it when I attended my first dinner. The camaraderie amongst competitors was amazing. I was hooked and wanted to become part of that fraternity. However, in years since my first dinner, the interests of company, country and camaraderie have seemed to have taken large divergent steps.<br /><br />I believe as an industry, if we all came together as we once were….. <br />….with our business values, our values toward our country and our fraternal values toward each other….<br /> ALL IN ALLIGNMENT,<br />WE CAN MAKE A DIFFERENCE AND SET AN EXAMPLE FOR THE WHOLE WORLD TO ENVY AND FOLLOW.<br /><br /><br />NES Enterprises, Inc.Headwear Associationhttps://www.blogger.com/profile/09946956885225953891noreply@blogger.com