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The US has long had significant tariff and preference schedules, just as other nations have. So-called "free trade" agreements work to find mutual reductions in such barriers so as to allow trade on less artificially structured bases.
You are just waving your hands. They are "mutually" designed to make the US a huge dumping ground for foreign production.
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It's the Bilderbergers and Trilateralists again. Those guys are always messing things up.
If you don't believe that big money influences world affairs in their favor, then I'm not the one living in a fantasy world...
China is a totalitarian oligarchic state. The US basically is as well, but our oligarchs have to maintain and deal with all the illusion of democracy and freedom.
How much sense is there in a belief that management has a God-given right to appojnt a handful of experts to do their bargaining for them while it is the work of Satan if labor sees to do the very same thing? Is there ANY world where beliefs like that that could actually make sense?
This.
Thank you so much, Major, for pointing out this blatant hyprocisy.
You have an alternative economic/business model? What socialist version do you suggest? How about doing away with US currency and bartering for goods/services? How far do you figure that will get you? Want a new car or house? There ain't much you can do for those unless you voluntarily become an indentured servant/sex slave.
This was like reading how an Atheist describes God.
By far the first socialist reform that should be instituted is for government to take control of the currency and establish a common monetary system instead of letting every bank issue their own scrip.
The second socialist reform that should be instituted is to ban slavery.
The third socialist reform that should be instituted is to protect the rights of workers to organize and to ban the murder of workers by private corporate armies.
The fourth socialist reform that should be instituted is to ban the sale of fraudulent securities.
Do I need to go on? Without government control, capitalism is a social and economic disaster.
It is a time honored tactic of the left to attempt to shout down anyone who doesn't agree with them.
The time-honored tactic on display here is that of the hapless right-wing to shout nonsensical gibberish when it (as usual) has no actual or intelligible argument to make.
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Originally Posted by SportyandMisty
Intel Corporation has microprocessor fabs in China. TSMC has semiconductor fabs in China. UMC has semiconductor fabs in China, as do most other semiconductor manufacturers. In addition to wafer fabs, most also have assembly/test factories as well.
Ford began assembling Model T's in Brazil in 1919.
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Originally Posted by SportyandMisty
Employees are not low-skilled; getting this stuff to actually work is only >< that far away from magic.
Hahaha! The actual workers are one or two generations removed from traditional peasant life. They have been trained to do particular aspects of particular jobs. No PhDs are granted for such work.
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Originally Posted by SportyandMisty
The choice of China (and other key countries such as Ireland, Germany and Israel among others) for advanced electronics and semiconductors is largely driven by taxes.
Double Hahaha! at such poorly informed buffonery. Production location decisions are based on potential profitability. Taxes are a MINOR consideration that often does not come into play at all. How easily you seem to have been sold a complete bill of goods on this score!
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Originally Posted by SportyandMisty
Everyone here gets you are an idealogue for whom facts are a mere convenience and subject to alteration when they don't support your agenda, just as they are for Hillary. Try doing a little homework first.
I won't pretend to speak for evetyone here -- that's a tactic reserved to the terminally desperate -- but it is certainly apparent to me that the forum is encumbered by a number of easily bruised egos and other vapid malcontents who boast sizable mouths that nothing really meaningful ever seems to come out of.
Rates were artificially too high during this period, to ensure the foreign demand for US treasuries necessary to support a perpetual high trade deficit.
Rates have been all over the place over the past 40 years, and markets are what have put them there. Demand for US Treasury securities has meanwhile never much been in question. Do you know that while it does for interest, Congress does not appropriate any money to be used in paying off the principal on maturing debt? It is and long has been assumed that new debt will be issued to fund any net payment on the old. In most cases of course, the same INVESTOR is involved. There was a reason why he put his money in Treasuries to begin with, and that reason is still valid. What he wants to accomplish in fact is just a simple rollover.
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Originally Posted by rruff
Congress's sudden willingness to not worry about fiscal deficits (unless a Dem was pres) was also key. Without that the economy would have tanked much earlier (and the US$ value would have dropped), and the game would have been up.
You are quite right about the deliriously intransigent economic shortcomings of Republicans, but the rest is pure piffle. The strength of the US economy lies in the fact that with 5% of its people, we produce 22% of everything that's produced anywhere in the world. Our economy is the equivalent of Justin Bieber in a room full of 13-year old girls. And not for the first time, it will be necessary to remember that four of the very best economic years in the past forty occurred while there was a fiscal SURPLUS rather than a deficit. How do you account for that?
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Originally Posted by rruff
What they "should have done" was make policies with the interests of US citizens in mind. Free trade would be great. With a floating currency it naturally tend to create trade parity. But we haven't gotten it. It's a pipe dream anyway. The oligarchs will never give up the ability to manipulate nearly everything in their favor.
These oligarchs of yours might have a place in some video game or other. They aren't quite so much larger than life in the real world. Otherwise, global trade is always balanced, with the deficits of one economy being offset by surpluses in others. This is the natural economic state of the world. Keep in mind that every single dollar that leaves the US economy can do only one thing -- try to get back home again, either through someone's spending or through someone's saving. Dollars anywhere are simply claims on the US economy meaning that they are all flying around on a round-trip ticket.
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Originally Posted by rruff
Oligarchs on both sides profited massively from this. Talk about a consensus! Follow the money. The Chinese people and any other country that has significantly developed got a good deal also. The only ones who got the short end of the deal were 99.9% of the people in the US. So much for democratic government...
Warning: Connection to reality has been lost. Contact your Network Administrator.
Asked (for the 27th time) his views on gay marriage his response was, to the effect, why are you television interviewers so obsessed with sex?
Good answer. I'm looking forward to more of this.
They are trying to trap him on social issues over which Presidents have little control and cost rather than win votes. How he or anyone feels about gay marriage is rather unimportant; because of the "full faith and credit" clause of the Constitution it will spread like greased lightening throughout the country.
You are just waving your hands. They are "mutually" designed to make the US a huge dumping ground for foreign production.
You are just out of the loop. Bilateral reductions in trade barriers benefit the economies and citizens of both countries. All you see is headlines about factories closing and hundreds of jobs being lost. But the media do not bring you any reports of the hundreds of new trade-related hires that occur in two's and three's all across the country. All the media care about earning ratings and money. They don't care about whether you understand what's going on or not.
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Originally Posted by rruff
If you don't believe that big money influences world affairs in their favor, then I'm not the one living in a fantasy world...
We should ignore big money? Their interests are somehow lesser than your own and need to be discounted? You have an odd perspective on the world alright.
China is a totalitarian oligarchic state. The US basically is as well, but our oligarchs have to maintain and deal with all the illusion of democracy and freedom.
Chairman Mao and most of the robber barons are dead. You need to read up some on what's gone on in these two countries since.
Without government control, capitalism is a social and economic disaster.
As every known experience with it has demonstrated in spades.
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