Courtesy of Mish.
A reader “MM” commented “One thing I would make mandatory is to clearly label the country of origin on all products. It has disappeared with the globalization. I can see it only on a small percentage of products, and then only because the producer is domestic.”
This sounds like a request for a “Truth in Labels” Act.
Reader Kevin quickly got to the key idea with this quip: “Countries of origin listed like percent daily values on a cereal box nutrition label?”
Let’s take “Truth in Labels” labeling to the logical conclusion.
Proposed Label Items
- 60% China manufactured
- 75% of steel China used from Australia
- 100% genuine Chinese coal
- 75% of oil used from Iran
- 25% of oil from Saudi Arabia
- 10% South Korea Steel
- 22% Genuine Mexican parts
- 10% US value added assumed
- Label made in Vietnam with 100% US cotton
- Parts from China 40%, Mexico 30%, US 20%, elsewhere 10%
- All components shipped to Mexico for final assembly
Label Czar Needed
Not all of the above pertinent to every item. Item 9 primarily applies to garments.
To administer this vital program we would clearly need a label czar.
Mike “Mish” Shedlock
