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Old 07-06-2018, 08:30 AM
 
Location: western East Roman Empire
5,985 posts, read 9,922,809 times
Reputation: 4639

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Quote:
Originally Posted by Castor0troy View Post
Interesting thread.i feel what’s bad for the global economy is the trade war with China.it comes right as oil prices and interest rates are both rising globally.

Sohail roshni
The "trade war" is trailing indicator of what has been wrong with the global economy.

The problem with the global economy, and globalization in general, is the pace at which it has been imposed (a few decades), more like forced sodomy than the organic process that it could have been (a century or two).

What was the big hurry? Do you like to be f__ked that way?

Shining a light on you!
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Old 07-06-2018, 08:42 AM
 
722 posts, read 880,126 times
Reputation: 972
I honestly don't give a **** about cheap chinese garbage because my life doens't revolve around consuming. My clothes are not made in China and all I buy is food and clothes. Realistically, the only thing I will have to pay more for is an iphone when I upgrade my iphone x in a few years but other than that, I could care less about this trade war.
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Old 07-06-2018, 08:48 AM
 
Location: western East Roman Empire
5,985 posts, read 9,922,809 times
Reputation: 4639
Quote:
Originally Posted by philopower View Post
I honestly don't give a **** about cheap chinese garbage because my life doens't revolve around consuming. My clothes are not made in China and all I buy is food and clothes. Realistically, the only thing I will have to pay more for is an iphone when I upgrade my iphone x in a few years but other than that, I could care less about this trade war.
I agree.

Crap consumer products from China are akin to growing old eating a junk food diet with no exercise.

The economy on US soil will benefit if the pace of junk supply slows, not to mention the painful drainage of investment reserves and opportunity costs associated with lost work experience and rising wage income among young people.

Some three decades of this is enough.
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Old Today, 07:47 AM
 
1,627 posts, read 822,573 times
Reputation: 1071
Quote:
Originally Posted by bigpaul View Post
good, I hate globalisation. bring back localism.
You can have free trade without having full blown globalism.
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Old Today, 09:04 AM
 
Location: western East Roman Empire
5,985 posts, read 9,922,809 times
Reputation: 4639
Quote:
Originally Posted by Turnerbro View Post
You can have free trade without having full blown globalism.
I know what you mean, but use of this word "free" is tricky.

Perhaps a bit more meaningful, even if a mouthful, to say that a population can have access to a needs-satisfying variety of goods and services without full blown globalism.

Globalism has brought more indigestion than needs-satisfaction.

Time to scale it back, and that is what's happening.
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