Would it be possible to remove China from American financial concerns entirely? Hear Bill's answer to this Premium Member question in our Backstage Conversation excerpt for this week.
Lower the minimum wage or eliminate the minimum wage requirements and also eliminate unions and then we will be able to bring back manufacturing back into America in order to compete against China.
@JASONNHENCHMENN what you suggest is known as protectionism. If you stop buying from China than China will stop doing business with you, meaning exports will drop significantly, benefiting other countries as trade rises... meaning massive GDP losses for the US.
Also, you could only industrialize the US if you can produce as cheaply and efficiently as China, to create competitive prices. The only way you can become that competitive is if your nations citizens earn less than China's.
@JASONNHENCHMENN Internationalist are not destroying anything. They are just a proponent of the free market system. It's the free market system and the business and banks that chose follow the same laissez-faire approach to economics that push business towards china.
No question about it, China is going to be, or is already the world's next economic boom. We have sold out almost all of our industries, except for ford and GM. Our business is becoming government run. General Motors has now become Government Motors, our businesses are becoming government owned, and our economy is plummeting. Even worse, we used to be the leading country in industry. All this is due to our bad leadership and both political parties.
the jobs moved to china was planned decades ago by nwo.
CliveGains80s 4 weeks ago
Minimum wages and especially higher union wages are the main reason for jobs being out source to china.
patsaxon 1 month ago
@patsaxon
Fuck living standards!
ImperialGeorge 1 month ago
Lower the minimum wage or eliminate the minimum wage requirements and also eliminate unions and then we will be able to bring back manufacturing back into America in order to compete against China.
patsaxon 5 months ago
@JASONNHENCHMENN what you suggest is known as protectionism. If you stop buying from China than China will stop doing business with you, meaning exports will drop significantly, benefiting other countries as trade rises... meaning massive GDP losses for the US.
Also, you could only industrialize the US if you can produce as cheaply and efficiently as China, to create competitive prices. The only way you can become that competitive is if your nations citizens earn less than China's.
lanceawatt 6 months ago
@JASONNHENCHMENN Internationalist are not destroying anything. They are just a proponent of the free market system. It's the free market system and the business and banks that chose follow the same laissez-faire approach to economics that push business towards china.
rza1m 6 months ago
@ttiiyy
"that would be imperialism"
Implying that America isn't already the biggest imperialist force in history
carygoleman 7 months ago
@puppetmaster1011 SO TRUE.
I'M SICK OF POLITICAL IDEOLOGIES.
BOTH PARTIES FAILED AMERICA.
ttiiyy 1 year ago
@JASONNHENCHMENN I don't think it's possible for the
US to control China (that will be imperialism).
Other than that, I do agree with your points.
America does not produce as many things as in the past, that
is definitely hurting America.
ttiiyy 1 year ago
No question about it, China is going to be, or is already the world's next economic boom. We have sold out almost all of our industries, except for ford and GM. Our business is becoming government run. General Motors has now become Government Motors, our businesses are becoming government owned, and our economy is plummeting. Even worse, we used to be the leading country in industry. All this is due to our bad leadership and both political parties.
puppetmaster1011 2 years ago