Economic collapse How chinas bankrupting us responce

I made a video about a year ago and have wanted to explain better what i ment about chinas workmanship also my thoughts on the manufacturing industry and how it is in more trouble than its worth

Category:

News & Politics

Tags:

• economic
• collapse
• bankrupt
• dollar
• crach
• china
• manufactruing
• layoff
• homesteadacres
• global
• world
• trade
• forean

[mbyr31]

I see two reasons why everything is made in china. 1st: They have no "environmentalists" telling them they can't build there. 2nd: They are able to offer cheap labor because in china, you don't need to pay so much for merchandise.

Here in the US, we can't build a factory because the environmentalists will not allow us to cut down a tree. They cry and ask where the birds will go... Meanwhile, it's hard as hell to try to find a job here!!

I know this-----> I'll work for $8/hr right now!!

[HomesteadAcres]

nice piont

[perseverance8]

From my point of view the problem of loosing jobs to the chinese unfortunately is more of our own fault than it is theirs, we have regulated industry so heavily and demanded such an usustainable standard of living this of course does not excuse the wealthy of our countries (U.S., Canada & Europe) from contributing to this debacle either, but the blame really lands largely on our own shoulders.

[HomesteadAcres]

realy that is what i think but its hard when your in a circle with the economic presures most are or find them selves having to shop by the price , but good piont

[RedneckBlumpkin]

Seriously, you just sound like a communist. You are mad because you lost your job to overseas competition?

"I was well liked in the place"

Bud, welcome to a free market system. This is how it works. Deregulation is where we are headed, trade barriers are being removed. You really have no idea of how an economy works, do you?

[HomesteadAcres]

glad you know so much make a video

[MRF2FITTY]

your always very informative. i love watching your economic videos

[lc36163]

US companies know to a good measure the failure rate using statistics techniques. The game to them is to pay the least amount to the Chinese for products with failure rates that they can tolerate. If Chinese-made products are not acceptable to American companies, production lines would have moved else where a long time ago, but the fact is, manufacturing in China is more robust than ever. On cost AND quality basis, they is no real competitor against China.

[onyxreddragon]

@RedneckBlumpkin and that is why china just put the tariff on imported chicken from 34% to 104%? So yeah that tariff is really opening up the market to everyone! Just watch china's moves and how there is a currency war going on with the world and china is lowering what the value of their currency is because they have total control. no fed reserve BS.

[therealshozen]

@perseverance8

That is cold hard truth. Corporate leaders are there to gain a profit. They will do this because the people on top are in control. The ones on top do not want to lose ridiculous paychecks (that can rack up to the millions) and will sacrifice thousands of jobs or even closing offices, factories, etc. just so they can keep getting paid their ever increasing bank roll each year. It is greed that is fueling the system. As long as the finger isn't pointed at them, they don't care.

[blackfire828]

You cant expect the Chinese to produce quality products. After all, the people making these products are only 3 year olds. You cant expect too much from their little hands.

[DaleElder11]

Sure blame China, cause nothing is your fault. No I'm not Chinese.

[ivankinsman]

Well, I think it's up to the individual consumer to determine if they want to buy a chinese-made product or not. I personally tend to avoid anything with a Made in China stamp - apart from kids' toys which are all made there and generally break after the first two days. I agree that Chinese competition is hitting the West hard - particularly with employment. Maybe there should be national campaigns persuading people to buy home-produced products.

[davfritz]

I'm growing more and more suspicious that there is a "method in their madness" concerning china. Firstly, they have us "hooked in" by unbeatable prices, then they have ENDLESS return buisness through quality failure! America has taken the attitude of "containment of china". If this attitude was directed toward the U.S., it would be seen as an act of war. So.. china choses an economic version of war instead of millitary war. Sounds fair enough to me. War useing broken toys instead of weopons!!!

[58belvedere]

china = junk

[msamour]

You are putting Canadians in the same basket as Americans. That is what I mean by arrogance. I am not an American. Most Americans had no say in what their rulers do anyways. It is really unhelpful to bash the peons that are struggling to survive in another country just because his rulers did some bad things. I do agree with you. The U.S. ruling elites are the worst of the worst. The American people, and other Western nations have been lied to. I am Canadian by the way. Peace.

[lc36163]

What you call Chinese arrogance, I call Chinese dose of reality. Nothing I've said here strays from the truth. I offer your quote from Vice premier Xi Jinping, China does not, first, export revolution; second, export poverty and hunger; or third, cause unnecessary trouble for you.

By this token, I can only attribute your hate to nothing more than racism.

And Oh yes, the Chinese growth will wane, but not in your lifetime.

[Malphar]

I think should think a little deeper this one.