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Not later as in a couple of decades China will became the Superpower, the today's Western World will probably gradually decrease to a dozen poor Caliphates with GDPs not higher as in Morocco thirty years ago. We all know that this will be definitively taken place, unfortunately no one party in no one Western country openly dare to demand to stop outsourcing of our working places, technologies, know-hows, knowledge, science to a sly country which already today laugh out loud about our impotent and dumb presidents and chancellors. If we will still refuse to stop the process of destroying our civilization, nothing can save our countries from degradation. The first step could be prohibition of outsourcing and very high import taxes for Chinese commodities. Thoughts?
Lol, not likely.
Ok, a couple of things. If the western world decline it isn't likely to become Islamic. So strike caliphate.
Ok, next. Why stop out sourcing? If a job can be don cheaper with the same quality why not. China's ascendence should not be veered. A prosperous population of 3 billion is a mighty sweet market for us.
It'll be good for bankers in our F.I.R.E. economy.
For the normal people prices will be driven up with more people gaining the ability to buy more products.
When you couple that with lower and lower wages from the massive surge in the human population coming about, you're going to get pressures that are the exact oppositie of making a better life for your kids.
Unless we murder millions, no make that billions, of people. Which is entirely possible.
If we can do it in gods name, let's call it global warming that causes massive storm surges, then we can still act innocent and patriotic at the same time.
You betcha, it frees up capital so IBM can set up a new R&D facility in Bangalore India staffed with IIT graduates or GE can build a plant to make make rail road engines in Shangai China or Du Pont can build a plant to make plastics in Singapore and so on it goes ...
Remember each one of these corporate decisions was accompanied by the closure or reduction in workforce and operations at a pre-exisiting United States facillity. This is a great business plan.
Or they could just move the entire operation to Mexico or China like Cone Mills and then no American benefits. At least if they keep engineering and corporate here someone in America is benefiting.
Of course it's only a matter of time before that goes too.
As is apparent on this thread, progressives in all their centrally planned glory would like to do away such advancements and continue to prop up failed business models and limit achievements that arise from need in a free market, so that they can keep us equal, instead of exceptional.
Do you get this from some website that produces strawman arguments on demand or do you just make this stuff up as you go?
One thing that I have believed for at least 30 years is that trade should be firmly pegged to the unfettered right of foreign workers to organize for the purpose of collective bargaining.
I know a lot of Germans... and I'll be damned if I can tell the difference in work ethic, unless of course you hold some Aryan superiority fantasy because Americans work almost 800 hours per year more than their German counterparts.
Of course we don't know what kind of "work ethic" Americans might have if they were guaranteed six weeks of vacation, free university tuition, and a real sense of worker democracy in the workplace. When folks don't feel they are being exploited and misused, who knows what kind of dedication they might put into their job. But then we may never know sense we can't possibly learn anything from the Europeans.
By the way, guess who established those principle benefits for German workers?
American workers are treated like garbage, a disposable commodity!
If you didn't notice when Greece was having problems markets everywhere were freaking out. They still are to some degree and rightfully so.
Let's look at if Greece dropped off the face of the earth what would be lost.
GDP of the entire world - $74.54 trillion
GDP of Greece - $318.1 billion
Greece's GDP is .4% of the rest of the planet's and yet they're still affecting every market on the planet. It's now almost a complete global economy short of a few small tribes in the Amazon.
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