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Old 09-08-2019, 11:02 AM
Status: "I need a hug~shrugs" (set 27 days ago)
 
Location: I'm out searching for me... If you see me, let me know... ;--)
3,366 posts, read 1,862,943 times
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Thought this should be posted. SMH

https://amp.businessinsider.com/trum...ossible-2019-9
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Old 09-08-2019, 11:34 AM
 
10,079 posts, read 2,479,149 times
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Business Insider is a good publication.

The article makes a good point. Trump wants China to buy more American goods but that assumes China is a command economy (which happens to reflect a false narrative circulating among Trumpie types). We (the USA) have been encouraging China to be a market economy since Richard Nixon visited Máozédōng. In the 1980's they began to move in that direction, opening up all of their industries to competition and free markets.

We can not demand that China buy more American made goods any more than they can demand the USA buy more Chinese goods. We don't have a government which can command private companies in that way and the Chinese are following that model as well, so it can not be negotiated. In our demands we are insisting the Chinese return to a 1950's style command economy, and they are not going to do so just because we insist upon it now.

On another note: Intellectual property theft, and patent and trademark infringements are valid complaints, but we are sadly not handling that set of issues very well. American companies should know by now that China is very swampy and justice is hard to find in Chinese courts, so they have only themselves to blame for exposing their trade secrets to Chinese partners. Anyone doing business in that way with Chinese companies today is making a Faustian Bargain.
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Old 09-08-2019, 11:42 AM
 
Location: Seattle
1,508 posts, read 320,002 times
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The US does need to have a national strategy for dealing with intellectual property theft. Right now most companies just seem to be fighting it on their own. I'm also not at all confident that Trump is the person to lead that fight; he's too busy reaming the very businesses that can wage that war.
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Old 09-08-2019, 11:49 AM
 
Location: Here.
14,099 posts, read 12,808,972 times
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If China is winning the trade war (they are), we should do what they do.
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Old 09-08-2019, 12:10 PM
 
Location: Metro Detroit, Michigan
12,939 posts, read 14,193,728 times
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Quote:
Originally Posted by Hesychios View Post

On another note: Intellectual property theft, and patent and trademark infringements are valid complaints, but we are sadly not handling that set of issues very well. American companies should know by now that China is very swampy and justice is hard to find in Chinese courts, so they have only themselves to blame for exposing their trade secrets to Chinese partners. Anyone doing business in that way with Chinese companies today is making a Faustian Bargain.

How can corporations protect themselves? All a Chinese company has to do is buy an example of the product, reverse engineer, and done, they win. No way for an honest business in the USA to compete like that.


Quote:
Originally Posted by Retroit View Post
If China is winning the trade war (they are), we should do what they do.

How are they winning exactly? If their currency plummets to offset the tariffs, their people are not going to be praising their leadership. More like more Hong Kong riot scenes will be popping up across China.
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Old 09-08-2019, 12:34 PM
 
572 posts, read 483,418 times
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Quote:
Originally Posted by andywire View Post
How can corporations protect themselves? All a Chinese company has to do is buy an example of the product, reverse engineer, and done, they win. No way for an honest business in the USA to compete like that.





How are they winning exactly? If their currency plummets to offset the tariffs, their people are not going to be praising their leadership. More like more Hong Kong riot scenes will be popping up across China.


Reverse engineering has been going on a long time and is what drives the evolution of products/companies. It's a dog eat dog world.


China's people are not taken into consideration Xi has already issued statements stating to get ready for a downturn and tougher times along with fighting against the American bullies for what's right. These people are not rational they're hardline gangsters that smile in your face. Same could be said for Donald but we all know he lacks the tact,etiquette, etc.. He's already the laughing stock to the whole world. Have you guys seen his latest tweets and getting caught up in sharpies at 12:00 am? Total disaster for foreign relations.
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Old 09-08-2019, 12:47 PM
 
39,133 posts, read 15,391,219 times
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Quote:
Originally Posted by Wild Flower View Post


"Using China's state controlled media he has cast the US as an aging power hell bent on stopping the country's rise. It is a position he and the Chinese Communist Party are very comfortable being in. It allows the party to blame its economic problems on the US, and it raises nationalist sentiment to a fever pitch that makes it impossible for Xi to lose face and back down."

"The US cease demanding that China buy an unrealistic amount of goods from the US," is one of the three demands to end the trade war.

What are the chances?

https://amp.businessinsider.com/trum...ossible-2019-9
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Old 09-08-2019, 12:49 PM
 
39,133 posts, read 15,391,219 times
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"There's no deal to make," Anne Stevenson-Yang, founder of China focused investment firm J Capital Markets told Business Insider. "Everyone is going through a pantomime for the markets. It's super stupid that the markets believe it."

https://amp.businessinsider.com/trum...ossible-2019-9
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Old 09-08-2019, 01:35 PM
 
Location: Metro Detroit, Michigan
12,939 posts, read 14,193,728 times
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Quote:
Originally Posted by NorCal77 View Post
Reverse engineering has been going on a long time and is what drives the evolution of products/companies. It's a dog eat dog world.


China's people are not taken into consideration Xi has already issued statements stating to get ready for a downturn and tougher times along with fighting against the American bullies for what's right. These people are not rational they're hardline gangsters that smile in your face. Same could be said for Donald but we all know he lacks the tact,etiquette, etc.. He's already the laughing stock to the whole world. Have you guys seen his latest tweets and getting caught up in sharpies at 12:00 am? Total disaster for foreign relations.

Which is why the USA and it's corporations are decoupling from China. Problem solved. China can deal with all the 3rd world customers around the world, in all their glory, and America can go back to being a shining beacon of hope is a dark world. If you really think China is winning, and is going to win in the end, than the decision is easy. Pack up and move there. Bet you, and 99% of America won't. But bullying and holding your people down does not make a country a winner.


The thing is, America can do everything China can do. China cannot do everything that the USA can do. We have also spent the past 100 years clearing a path forward for the free world. That's all you need to know to determine who is going to win in the end. It will not be easy for either nation and people's, but suck it up buttercup. America is not going to lose for you or anyone else, just because America is hooked on cheap breakable crap made by slaves.
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Old 09-08-2019, 01:42 PM
 
572 posts, read 483,418 times
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Quote:
Originally Posted by andywire View Post
Which is why the USA and it's corporations are decoupling from China. Problem solved. They can deal with all the 3rd world customers around the world, and America can go back to being a shining beacon of hope is a dark world. If you really think China is winning, and is going to win in the end, than the decision is easy. Pack up and move there. Bet you, and 99% of America won't. But bullying and holding your people down does not make a country a winner.

I think you need to reread my intent.


If you think big S&P companies are moving from China you're mistaken. It will take years for them to move and rebuild.. and doing it when quarterly numbers are on the decline if not looking down a cliff? Forget about it. Lol Trump talks about them coming back to America ha.. how is that 20x wage increase going to effect the bottom line? Trumps campaigning to the ill informed. Hopefully you guys get your q-tips out this next year.

For the record I know how well we have it here I'm just outlining we're pissing on the back of the dragon we fed. Business has no loyalty and that's what makes the world go round.
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