Classe move to China

South Korea is doing what China has done and what we have abandoned: a protectionist market with steep tariffs and a buy locally policy. In the early 70s the major export for So. Korea was human hair for wigs. Samsung was a fishing and fertilizer company. They turned their economy around by going the protectionist route. We abandoned that model under Reagan and look at us now.

Germany builds cars here as well as back home and they pay their workers over $70/hr.(w/bennies) and build twice as many vehicles as we do. We are the cheap labor for their markets. When asked, they sheepishly say its because they are allowed to get away with it here. They have no intention of destroying their model at home but are willing to exploit labor here because our economic model is fully supportive of it. It all boils down to what was put forth earlier: morals and ethics. When a German businessman was asked why he was willing to pay so much of his income in taxes, he simply said: "I'd rather be a rich man in a rich country than a wealthy man in a poor country.
Its time for some serious introspection.

Nordic, it might. It even be to increase the margins, it could just as well be to hold the price points they have as imported component parts have gotten more expensive with weakened dollars and loons. I find the price increases of the past 2-3 years quite remarkable - given the economic climate and psychology during that time - going up at a faster than tuition.

Nonoise, that seems similar to the scandanvian business and societal way of doing things, good products, high wages, educated populations, and relative equality of income - not sure they view the Chineese as competition for their high valued added economic core. I would not hesitate to buy Classe if they moved to Denmark; though Canada's audio industry is very highly regarded - it doesn't hury that their government supported the industry with shared research and resources for those wanting to break into the business.

The French were responsible for world war II, and fought on both sides several times.

Pubul57:

Yes, indeed. Germany (as well as Japan) modeled themselves after us as we were the greatest economic and societal power, at the time. From WWII on to the Reagan years we witnessed the greatest middle class advancement in the history of the planet. Someone didn't like that and started to dismantle the model that made us what we are. Germany and the northern European countries took it to its logical end and look where we all are now. Imagine if we stayed the course. Everywhere would look like Newport Beach. Other countries would be stealing our sh*t.