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We nuke them, they nuke us and both countries are toast.
I don't see that happening. We'll beat them back down into their hole economically, over a long period of time. I think China has apexed in economic power, and are now in a backslide. It could take a generation to regain the World's trust.
Nah, global economy is here to stay. Free market capitalism demands it. You demand socialism, but it won't happen.
Some companies moving manufacturing from China to some other place does not create a "mega-trend".
Not some companies, manyCountries. It has already begun. I showed you several links to stories proving my claim, you provided no evidence for anything you've said.
Sure the global economy is here to stay, but it will never again look like it did in 2019. China is being cut back by the whole free world. They've lost the trust of most of their customers. They are all unified against the Chinese Gov't.
Its great to learn about the steps countries across the world have taken to de-globalize. The pendulum has swung away from globalization, & that's great for America.
It won't happen overnight, it will take years, or decades, to complete, but it's well underway, and there's no stopping this megatrend.
It won't be isolationism, it will be smarter strategic sourcing so that the goods most important to our survival & defense, will be made here. We'll no longer allow 100% of our supply chain for any single strategic good to be foreign fed...we'll moderate it, & source them from multiple places...places more aligned with our best interests.
This will be one of the most powerful megatrends of our future. Trump has been talking about how harmful Globalization is to America for years, & he was right. Call Trump names, attack his personality & character, deflect as hard as you can...it's undeniable that Trump was right about the evils of globalization.
~2/3rds of Americans in a March Pew Research poll have strong anti-China sentiments. Those sentiments will drive much of our future thoughts, actions, investments, & elections.
Globalization sounded good, cheap goods from low wage places, but it wound up damaging supply chain reliability, & indiginous labor pools in high wage countries; like ours.
I was pleasantly surprised to learn that China gets only 18% of our import $'s. I thought it was closer to 50%. Glad I was wrong...less work to do.
The global economic war against China has begun. The world gave China a chance to join us, but instead, China's government revealed to the world their true evil goal of global domination.
Even When unemployment is at 15% and 30 million are jobless,and many millions awaiting checks, Trumplets have a reason to rejoice - by blaming others.
Remember, Americans are still paying 20% credit card and car loans and they are at high risk of defaulting against them. AIrlines are still grounded and some may never take off again. Oil prices arent going up and even companies like Exxon are feeling the crunch . There is more to worry than deflect against China. And atleast 10,000 people have died. ( I dont believe the official figures) .
May be you are a wealthy person, but the inflated prosperity bubble threw a lot of people off balance when it popped in February.
This devastating economic collapse that we're about to experience will be a powerful deglobalizing force.
I agree, its an unintended benefit of the pandemic. Americans will be traveling a lot less overseas, especially to Asia. American company's will not be looking as much to offshore manufacturing. Some American firms will close foreign plants, and move them back to the U.S..
The more goods we source strategically, the less devastating a pandemic, or other global calamity, will be next time one comes along.
If you cant import the labor (illegal/legal aliens) , export the jobs. Globalism will continue in some form. Profits demand it.
Yes, exactly. The whole point of globalization is to destroy the bargaining power of labor. If the labor force in Free Country A tries to unionize, the Business can always move its operations to Authoritarian Country B where the government will brutally suppress unions.
Both political parties in America support this, because both parties are funded by Big Business, which benefits from cheap labor.
Until one of the major political parties is funded by The People instead of Big Business, this will continue.
Yes, exactly. The whole point of globalization is to destroy the bargaining power of labor. If the labor force in Free Country A tries to unionize, the Business can always move its operations to Authoritarian Country B where the government will brutally suppress unions.
Both political parties in America support this, because both parties are funded by Big Business, which benefits from cheap labor.
Until one of the major political parties is funded by The People instead of Big Business, this will continue.
Unions don't even matter. They outsource minimum wage jobs just as fast. We could cut minimum wage in half and they would still ship the jobs out.
As I stated, we are not going in to isolation, we are going to souce strategically. China can make our Frisbee's, & beach umbrella's, but not our medications, our medical devices, or military supplies.
I hope this stops the 5G telecommunication technology too. That needs a lot more scrutiny.
I'm guessing we'll slice China's exports to us by 1/2 w/in a few years.
That will never happen. Too much corporate profit is at stake.
Corporate profits trump national interests. That’s just the way it is. Most national governments are owned by corporate interests, including our government.
That will never happen. Too much corporate profit is at stake.
Corporate profits trump national interests. That’s just the way it is. Most national governments are owned by corporate interests, including our government.
Let's watch 3M, and Honeywell. They were both told they could not export their Chinese-made medical products twice now since the covid-19 pandemic broke out. They are currently unable to export, which is a large part of their revenues.
Our government will offer them huge monetary incentives to pull out of China. If those incentives mean higher profits to manufacture here, or elsewhere, they'll ditch China.
Consumers will also play a role in this. If American consumers start to boycott 3M & Honeywell products, that could also cause them to ditch China.
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