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Home Publications Blogs Beat the Press Will Protection of Microsoft in China Cost the Jobs of Manufacturing Workers?

Will Protection of Microsoft in China Cost the Jobs of Manufacturing Workers?

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Tuesday, 29 July 2014 07:21

The NYT had an article reporting on the possibility that China will use anti-monopoly laws and other regulations to limit Microsoft's operations in the country. This raises an interesting issue. Presumably the Obama administration will step in to try to protect Microsoft's interests. Since the United States cannot just dictate policy to China, if it wins concessions on the treatment of Microsoft then it presumably will make less progress in other areas like getting China to raise the value of its currency against the dollar.

If negotiating over Microsoft leads to the dollar having a higher value than would otherwise be the case, it would mean that we have a larger trade deficit. This raises the question of how many steel workers and auto workers will lose their jobs to protect Bill Gates' profits?

Comments (4)Add Comment
...
written by Last Mover, July 29, 2014 8:51

Imagine that. Microsoft gets a taste of the no-knock Patriot Act in China. Sorry commies. Who do they think they are, the FBI?
Anti-monopoly Laws? Don't We Have Those?
written by Larry Signor, July 29, 2014 10:09
Maybe we should take a page or two out of Chinas' book. Breaking the Microsoft economy wide monopoly/monopsony circle would seem to be in the interest of competition and employment.
This is very sad
written by Dave, July 29, 2014 11:03
I really don't understand Obama at all. I don't think people realized how much of an elitist he was when they voted for him.

This is what corruption looks like. Of course it is legal, it involves the creation of corrupt laws.

It is legal to be corrupt, it just isn't ethical or morally right.

We needed someone with the moral compass of an FDR and we got what?

Concerning Obama ...
written by Shawn Wilkinson, July 29, 2014 7:31
Yeah, he and the Democrats are general disappointments. But they are still better than Republicans, in general. But this is the result of our flawed voting system more so than anything else, since the vote for a more sensible third-party is basically a vote for the opposition you are scared most of winning.

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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