Thats an interesting view. I suspect that there may be quite a bit of truth to it. Its time for a shakeup of the current business establishment.
Creative destruction? hmmm....
:hmm:
Stop exporting the damn things and build the foundation back. Middle and top collapses with the foundation being ripped out at the bottom. Free trade isn't free....nor is it fair.
I'm not so sure about that... China's economy is government run, and they're kicking our ass right now.
Ah I see, it's not the open market system that's failed, it's American businesses that have failed the open market system. It all makes sense now.Outsourcing is a good economic idea. What we need to do is to make it profitable to manufacture things here.
Then we should look at what China is doing right. Low regulation? Check. Cheap labor? Check. Unions? NOPE! 2/3rds of their budget going to social security and medicare? NO!
You sure? China has a population several times that of the US and an economy several times smaller.I'm not so sure about that... China's economy is government run, and they're kicking our ass right now.
You sure? China has a population several times that of the US and an economy several times smaller.
Sh*ty infrastructure? Check.
Terrible impact on environment? Check.
Low standard of health care? Check.
Other standards of living much lower? Check.
China sucks, it's a sh*t pile! They are growing quickly because they are starting from the bottom of the barrel.
and snot nosed leaching kids like Hacp want to take us to that level.
Ya sure China Crashed its high speed bullet train, but how many of those do we have to crash? Zero! China is advancing past us because of favorable business conditions in China. You either adapt or die. I want to adapt. You want to die.
China is advancing past us because of favorable business conditions in China.
So you want to copy China? That means manipulating currencies and doing things like forcing foreign companies to take on a domestic "partner" who leeches IP and profits in return for doing nothing. China is not some libertarian utopia. You're view of China is naive and just wrong.
My view of China is perfectly fine. It is an environment that is attractive to businesses. Meanwhile, the US environment is toxic to businesses.
The economy is 2/3 consumer consumption. Change the outlook of consumers on the economy. If they feel that they won't lose their jobs, they're more likely to go out and spend money thus creating demand.
My view of China is perfectly fine. It is an environment that is attractive to businesses. Meanwhile, the US environment is toxic to businesses.
Provide businesses a stable environment in which to invest their money.
What could be more unstable than the whim of a politician? Get their hands off, stop them from turning nobs, changing the rules, and outright creating a cluster !@#$. You must shrink government power / money / influence so as to restore free market influence.
A government run economy is inherently unstable and bad for jobs. Remove all their money and all their stimulus and let the cards finally fall into place like they are supposed to. Stop picking winners and losers with printed money and the economy can begin to heal.
Lowering the cost of doing business through devaluing the dollar.
American labour costs price it out of competition with so many countries, which limits the kind of productive jobs that bring money in from abroad.
The united states need to at least come in within ear shot of cheap labor.
Oh and people need to stop going to University and saddling themselves with hundreds of thousands of dollars in debt, and go into vocational training, which there usually is a serious shortage of.
You're not going to get cheap labor in the US unless we go back to 19th century standard of living. Is that what you want? Even passive Americans won't allow that to happen. (They've been passive precisely because the market made them relatively wealthy.) Europe and the US saw tons of growth in the second half of the 20th century without cheap labor.
Then you'll constantly lose jobs. We can't pay people 30(60 if you count taxes and benefits) dollars an hour to work in the assembly line.
The US and Europe economy was great in the second half of the 20th century without cheap labor.
