Chinese - Protectionism and the Great Depression
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Never trust the Chinese. A Chinese lady I was dating told me that decades ago. And now it's proving to perfectly, completely true.
fuhmeregan 1 year ago
The USA should get a president with a spine, and not corrupt (bribeable). Then impose a 20% terrif on all Chinese goods they import, till China allows its currency to free float, so U.S. goods are more competitive in global markets. And the U.S. should mandate that China imports more U.S. goods till there is trade balance, not the current laughable imbalance. It is what the East has always done. So now we should do it too - we have given them enough time to be civil. Time is up.
fuhmeregan 1 year ago
cont. - So jobs-income, key obviously to the longterm sustainable economic health of any country, "sent overseas" by the West having only a government system that is "paid off" through lobbying and bribes directly or otherwise, to 'look the other way', they themselves becoming personally wealthy. The West is today a 'Chicago of old' - it has no government for the peoples' welfare - it does have a government that is corrupt and seeks and gets political office to only get personal wealth, no more.
fuhmeregan 1 year ago
How China guarantees its wealth is by extremely unfairly, criminally fixing its Yuan at a low value, 'and' by dictatorially ensuring its miniscule elite that domestic labor costs it nothing, practically. How the West plays ball in this is by "not governing". That is, the West allows it's jobs to be exported to China by not making it law that a significant amount of goods-manufacturing be done domestically. Big Business is allowed by their government to have overseas Chinese et al workers.
fuhmeregan 1 year ago