Romney vs. Renminbi - The Editors - National Review Online: "The integration of global markets means that U.S. workers and businesses will face increased competition from overseas rivals, and this is especially difficult for relatively low-skilled workers and for those enterprises that seek advantages from employing them. That is a fact of economic life that will persist independently of any policy pursued or not pursued by the junta in Beijing. U.S. firms have lost out to more competitive enterprises based in low-wage countries such as China and India, but also to businesses in high-wage countries such as Germany and Canada. The portion of our economic troubles that can be blamed on Chinese wiles rather than brute economic realities is small if not trivial."
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