10-22-2014, 08:52 PM
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...enjoys spaghetti.
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Join Date: Feb 2003
Location: Detroit area
Posts: 1,611
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Quote:
Originally Posted by Sandy G
Ayup... Me & my bud, John, MARVELLED how they could make a COLOR TV in China, ship it to America, & finally to Greater Bugtussle, Tennessee, sell it for $65, or whatever, & EVERYBODY still made money offa the damthing... The Mind Boggles..
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That's easy. The same device in China costs $250. Those profits make up the losses in the US. Since China is a closed market, you aren't going to be undercut by some other nation's products at $225. It's called "dumping".
Lather, rinse, repeat. 
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From Captain Video, 1/4/2007
"It seems that Italian people are very prone to preserve antique stuff."
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