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you mean how the west has been trodding all over the world and manipulating what they want? but that's okay.
first, chinese didn't steal jobs. people went and took jobs over there. also, piracy is not just a chinese issue. piracy is also not just a china issue, in some ways is good or a sign that things need to change in how we live. as if capitalism is somehow moral. that's what we've convinced ourselves but in truth really isn't either.
the gall. how about america needs a spanking for their own wrongs and it's not just wrongs to themselves?
Absolutely. People should take off their nationalist glasses and look at it objectively for a minute.
if it wasn't for china, there would be a lot more have-nots than haves. having a plasma or lcd flat screen would be considered rich or having a nice cell phone or being able to afford nice fashionable clothes/shoes and many other products we can afford to buy.
but i agree it needs to stop and it is on it's way. americans are demanding manufacturing to return to home base and i think it will. china knows that too. that's why china is starting to work on focusing on their own internal market/domestic consumption.
it will balance out in the end as china is not planning on being the world's sweat shop forever either.
We might as well start trying to understand that by giving China all of our manufacturing, and then buying anything they decide to sell here, that we've become THEIR handmaiden -- or should I say "indentured servant."
There are those that think that we can beat the situation by devaluing the dollar, but that didn't work for Mexico, and it won't work for us. We continue to think of ourselves in our glory days, but just as every other world leader has dropped in supremacy, so have we. We won't give up without a fight, but the fight will be costly, and only contribute to our problems left behind that we will have to clean up.
We'd be better off pulling our manufacturing home, putting people to work, cleaning up our substance abuse problems, stopping the wars on everything, and start minding our own business.
We might as well start trying to understand that by giving China all of our manufacturing, and then buying anything they decide to sell here, that we've become THEIR handmaiden -- or should I say "indentured servant."
There are those that think that we can beat the situation by devaluing the dollar, but that didn't work for Mexico, and it won't work for us. We continue to think of ourselves in our glory days, but just as every other world leader has dropped in supremacy, so have we. We won't give up without a fight, but the fight will be costly, and only contribute to our problems left behind that we will have to clean up.
We'd be better off pulling our manufacturing home, putting people to work, cleaning up our substance abuse problems, stopping the wars on everything, and start minding our own business.
The problem is WE. The masses of American people are not the same as companies and their managers, who have different objectives. They tend to think globally, i.e. an American employee is not more important to them than a Chinese employee, only more costly and demanding.
The problem is WE. The masses of American people are not the same as companies and their managers, who have different objectives. They tend to think globally, i.e. an American employee is not more important to them than a Chinese employee, only more costly and demanding.
That's right. Our own corporations have no regard for the country which made them rich or the workers who built their empires for them. They've demonstrated zero social responsibility and they're not going to suddenly develop it without being forced to do so.
americans also demanded goods at lower prices so that everyone could live the american dream. it's not just the companies. they do what the public demands as well.
americans also demanded goods at lower prices so that everyone could live the american dream. it's not just the companies. they do what the public demands as well.
We've always liked lower prices. Who doesn't? Now, though, we HAVE to have them because so many jobs have gone offshore.
When a worker has been making $15 per hour, that job takes off for China and he finds himself making $6 per hour at McDonald's, he doesn't have any choice but to seek out the lowest prices he can find. His own, personal financial condition demands it.
But, that increases the pressure for lower prices which, in turn, results in someone else losing their job and the cycle perpetuates itself. Ultimately, it must end when goods are available at the lowest possible price, but nobody has the money to buy them.
At some point, corporations must be made to understand that their relentless pursuit of greater profits at the expense of their customers is a zero-sum game which ends in disaster for all. Yet, focused on the short-term, on today's stock value, they're not going to do so without being compelled to give up a measure of that greater profit for the greater good.
Interesting item by Krugman. He seems to think that we can take China to the wood shed over their currency manipulation and that we can get away with it relatively unscathed because, if they dump their Treasury notes, the Fed can and will buy them up to prevent economic disruption. I suspect there are others who might disagree. I am really on the fence. I would like to punish the Chinese for the obvious stealing of jobs, currency games and piracy they do against the USA every day but, like everything in life, actions have consequences and those could be bad.
I find it ironic that the people who are admonishing the FED for implementing quantitative easing would suggest they continue to do it to address Chinese currency undervaluation.
China is the straw that stirs the world’s economic drink right now. That's why there is a lot of talking and posturing but very little ACTION. Nobody including the United States wants to feel the wrath of a Chinese economic retaliation. Also do you REALLY think that American corporations are going to go along with any plans that would threaten their market access to China. After all they brought and paid for politicians in Washington to do their bidding.
I got to hand to the Chinese they are in the process of becoming the most powerful nation on the planet without firing a single shot at a foreign country.
I find it ironic that the people who are admonishing the FED for implementing quantitative easing would suggest they continue to do it to address Chinese currency undervaluation.
China is the straw that stirs the world’s economic drink right now. That's why there is a lot of talking and posturing but very little ACTION. Nobody including the United States wants to feel the wrath of a Chinese economic retaliation. Also do you REALLY think that American corporations are going to go along with any plans that would threaten their market access to China. After all they brought and paid for politicians in Washington to do their bidding.
I got to hand to the Chinese they are in the process of becoming the most powerful nation on the planet without firing a single shot at a foreign country.
How typically Chinese.
Our business managers haven't studied their history or they'd have seen how the Chinese have manipulated westerner's for centuries. We're not the first to cast a lustful eye on all those Chinese consumers and cheap labor. Nor will we be the first to have our heads handed to us by them.
The difference this time is that Chinese dreams are far more expansive than they've ever been before. This time, they won't be content with simply driving the foreign devils out of their empire: they want to be the world's only super-power and they're getting it done with OUR money, which has been offered voluntarily!
Frankly, I consider the actions of our own corporations and their Bush/Clinton/Bush team of supporters as damn near treasonous.
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