Quote from truehawk:
Yeah that awful Commie Henry Ford.
If Chinese workers were paid the same as American workers for the same job at the same skill levels, then China would have no problem absorbing it's own production. They are not because the corporations that outsourced the jobs did so to avoid paying labor so that they could dstribute a larger percentage of the value added upward.
The result is that in the end there are fewer people in the world in aggragate that can afford their products at the designed price points.
These companies were the parasites on the body of American Industry that in aggregate brought down the American Consumer and as in the exploitations of any Commons, or fishery only a law could have prevented this, because in the absence of a law, because in absense of the will and ability to stop them the biggest assholes will always overgraze, and overfish, corner the market, until the system/grazing/ population collapses .
But I can see why you equate this to price fixing, absence of a national vision, the uncivilized rich make rules that ensure that nothing stands between them and their prey, and value added is always distributed upward over time, again because the rich and their worshipers make laws that make them richer. So of course anything that interfers with this natural process of the rich getting richer is "price fixing" in the parlance of their worshipers.
Worship the amoral rich if you must, but you will have a high probability of being their sacrifice, since in that model the winners take most, until there is legal redistribution, or a lot of people get very unhappy and then the messy messy things happen.
