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China has the largest consumer market in the world. Why wouldn’t US businesses compete for a piece if it?
Because we can't even come close to competing. China had a 16-17% tariff on US goods back when ours were 1.9-2.9% on their goods. Our exports to China are/were mainly fuel, food, and raw materials, no need for ANY of our labor as China has a massive pool of labor that is nearly free.
I've heard this song before. In the 80's everyone was convinced that the Japanese were going to eat our economic lunch using their superior manufacturing and management prowess. A day didn't go by where news of a Japanese purchase of a trophy US company or property was not in the news. They failed because of their corruption in the long run, as will China.
As long as we are trusted to do the moral, ethical and responsible thing, our position in the world is assured. That is the scary thing about Trump, he is undermining the trust and confidence the rest of the free world has for us.
Thanks to all the past presidents that raised taxes so high it sent the whole industrial complex to China and other parts of the world..
We built up China and their army. They are strategically buying up businesses over here too. The globalists, and Communists are taking over.. Trump and many smart Trump supporters saw this for decades.. It is not Trump we voted for. It was Trumps ideology that matched up with our thinking .
The attraction of China for businesses was a work force that would do 12 hour days for $2/hour with no overtime, and a governmental structure where a bribe would get you anything you want. Business taxes in China are far higher than they are in the US.
Quote:
The 2017 World Bank "Doing Business" rankings estimated that China's total tax rate for corporations was 68% as a percentage of profits through direct and indirect tax. As a percentage of GDP, according to the State Administration of Taxation, overall tax revenues were 30% in China.
Minimum wage for part time workers has just been increased to $3.27/hour, almost half the US minimum wage of $7.25. Manufacturers are already fleeing China to countries where labor is cheaper, like Viet Nam, and there are no pesky tariffs.
I've heard this song before. In the 80's everyone was convinced that the Japanese were going to eat our economic lunch using their superior manufacturing and management prowess. A day didn't go by where news of a Japanese purchase of a trophy US company or property was not in the news. They failed because of their corruption in the long run, as will China.
As long as we are trusted to do the moral, ethical and responsible thing, our position in the world is assured. That is the scary thing about Trump, he is undermining the trust and confidence the rest of the free world has for us.
Try buying consumer electronics made in the US. Try buying a camera made in the US. Try buying an industrial robot made in the US. Japan's problem is that nobody can afford to raise a child, so their population is dropping. The same thing is happening in the US, except the population loss is being balanced by immigration.
I've heard this song before. In the 80's everyone was convinced that the Japanese were going to eat our economic lunch using their superior manufacturing and management prowess. A day didn't go by where news of a Japanese purchase of a trophy US company or property was not in the news. They failed because of their corruption in the long run, as will China.
As long as we are trusted to do the moral, ethical and responsible thing, our position in the world is assured. That is the scary thing about Trump, he is undermining the trust and confidence the rest of the free world has for us.
There is no comparing China to Japan. Japan is only the size of one of our states with limited resources and population, they quickly ascended to having some of the most expensive costs of living/labor and things leveled out. China is massive in size and population, and can/will easily absorb trillions of $$$ from the world without a marked increase in wages and cost of living there. Worse yet, it's regime will assure that only the elite share in that money while the workers continue to make squat.
Our eventual economic failure is the only thing assured if we don't defend our workers and better balance trade.
Very few (large) corporations are now in control of food production, which doesn't bode well.
I didn't know that! How alarming.
Well this country also has been full of sharp, innovative people. I consider them a natural resource, albeit a dwindling one.
Can't find the article I read in the late summer about the quantum technology research at Princeton and other American universities. A Chinese industrial company was trying to buy a small private college close by. They spent some money during the process. Flew the choir to China for a week, yada yada. The sale was blocked by problems between the choir school and Ryder, and Fox News.
Exactly. They are playing the game of financial chess masterfully. Buying energy, food, and seed companies, key ports, real estate, and China even took control of the Panama Canal.
yep that is a great question...why would the USA give control of the canal (which we built) to commie china...…
and the answer is the globalist liberals
Brzezinski worked with globalists like Kissinger to give the Panama Canal away ultimately for Communist Chinese control (Carter-Torrijos Treaties).
I think you have some serious misconceptions about Christians. The vast majority of them are fairly normal, nice people that don't have a problem with other religions. *shrug*
I should've clarified; I'm not talking about the ones who don't have a problem with other religions, but those who do. However I guess it's human nature to let a bargain trump all other concerns when it comes to saving a buck, although I wish people knew how powerful they can be when they vote with their dollars.
no Reagan wasn't a liberal, but his VP certainly was, and it was NOT Reagan who fostered the first trade agreement....the job of the VP (or used to be) is foreign affairs...and freetrade starts BEFORE reagan
actually the first talk of nafta or 'freetrade' began under Carter, and way designed by his advisor Brzezinski,,,who was also the advisor for bush1, clinton and guess who...obama too
freetrade is globalism..a liberal/leftist ideology
Brzezinski worked with globalists like Kissinger to give the Panama Canal away ultimately for Communist Chinese control (Carter-Torrijos Treaties). Under Carter, Brzezinski was responsible for the severing of direct US recogniton of Taiwan as an independent nation and recognizing only Communist China. For part two click below.
Zbigniew Brzezinski co-founded the Trilateral Commission (TC) with David Rockefeller in 1973 and was its first director. Brzezinski selected Jimmy Carter as a member while Carter was the governor of Georgia and before Carter became US President. TC is the primary organization managing the goals of globalization to achieve world government via manipulations of economies, politics and religions of nations around the world including the US.
You may recall that in Brzezinski's BETWEEN TWO AGES (1970), he praised Marxism, and he claimed that "the nation-state is gradually yielding its sovereignty." One aspect of American sovereignty that is being yielded is ownership of American companies by Americans. In the first 9 months of 2007, 69 companies in New England alone have been sold to foreign buyers.
Zbigniew Brzezinski is bilderberg, and CFR, and TLC
North American Union (NAU),,relevant to this process is the publication of NORTH AMERICAN INTEGRATION MONITOR since 2002 by the Center for Strategic and International Studies (CSIS). Zbigniew Brzezinski has been a CSIS counselor, and at Mikhail Gorbachev's first State of the World Forum in 1995, Brzezinski revealed: "We cannot leap into world government through one quick step....The precondition for eventual and genuine globalization is progressive regionalization because by that we move toward larger, more stable, more cooperative units."
"Modern day globalization was launched with the creation of the Trilateral Commission in 1973 by David Rockefeller and Zbigniew Brzezinski. Its membership consisted of just over 300 powerful elitists from north America, Europe and Japan. The clearly stated goal of the Trilateral Commission was to foster a 'New International Economic Order' that would supplant the historical economic order.
"...The Trilateral Commission nonetheless established a headlock on the Executive Branch of the U.S. government with the election of James Earl Carter in 1976. Hand-picked as a presidential candidate by Brzezinski, Carter was personally tutored in globalist philosophy and foreign policy by Brzezinski himself. Subsequently, when Carter was sworn in as President, he appointed no less than one-third of the U.S. members of the Commission to his Cabinet and other high-level posts in his Administration. Such was the genesis of the Trilateral Commission's domination of the Executive Branch that continues to the present day.
"With the election of Ronald Reagan in 1980, Trilateral Commission member George H.W. Bush was introduced to the White House as vice-president. Through Bush's influence, Reagan continued to select key appointments from the ranks of the Trilateral Commission. In 1988, George H.W. Bush... was followed by fellow Trilateral Commission member William Jefferson Clinton, who... appointed fourteen fellow Trilateral members to his Administration.
False. Free trade is a conservative, free-market, pro-business ideology. It was leftists who were at the forefront of the anti-globalization movement while conservatives insisted foreign nations sell their state-owned companies and natural resources and institute free trade.
It was predominantly the cheap labor and lack of any type of real pollution or other regulation that drove companies overseas. Taxes were pretty minor considerations because they don't come into play on the production costs and you still have to pay them on profits.
Other countries also allow monopolistic and state backed up businesses along with various skeevy things like not enforcing patents and IP etc. etc.
Trump took off many of the over done regulations that were put into place just so the EPA could fine the hell out of companies.. a big money making scheme just like global warming.. some of the over done regulations put many companies out of business and many people in depressed areas had to collect welfare..
How they can make money buy transporting their goods thousands of miles away tells me that something is wrong here.
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