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0 sats \ 8 replies \ @justin_shocknet 1h \ parent \ on: Review - San Fransicko: Why Progressives Ruin Cities BooksAndArticles
Council on Foreign Relations, literally the group that pushed most of it.
Yes less people should have to work on a given widget as technology increases efficiency, but it wasn't efficiency that got us from producing thousands of ship hulls per year to less than a dozen, and left us exporting less and importing more.
Efficiency doesn't make people underemployed either, it gives them MORE productive things to do.
I don't blame China, they're rational actors that found an exploit and we simply allowed it to go unpatched, fiat.
China didn't send the manufacturing jobs overseas (those not displaced by technology). US corporations did.
US companies did. They went where the labor was cheap and the market was expanding (China) and they were extremely profitable.
Meanwhile 80% of the stocks and bonds in the US are owned by 10% of the population. They did great over 40 years as those companies (that outsourced) were profitable.
Everyone else? Stagnant wages, low growth, inflation, and lots of debt.
That's why people are so pissed off and nervous and divisive today.
Tariffs I believe make the problem worse. The answer is lots of education huge investments in it, as well as in infrastructure.
But Americans don't want to hear that, they want to hear that it's "someone else's fault" "blame them" so the US empire will keep declining until eventually it doesn't matter anymore.
Richard Wolf's explanation of what happened is the best I've found and the only one that makes sense.
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China has explicitly export oriented industrial policies that subsidizes the costs of their own companies using government funds. They also run protectionist policies by refusing to let US tech companies operate on their soil.
You can blame American companies for seeking out cheap labor and you can blame American consumers for seeking out cheap products. But don't pretend like this was simply "free market competition" that did all this.
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The US does the same thing. Try to find a BYD car in the United States.
You can't...
Good luck finding a Toyota Hilux (at least a new one) or even a small Japanese truck in the US....
Very difficult.
Or Huawei
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I just said I didn't blame China, it was Japan before that...
Doesn't change the fact that the industrial base has been hollowed out.
education huge investments
We've never spent more and gotten less, I'd expect you to say that since you can't read what I literally just wrote.
Tariffs I believe make the problem worse
Economically illiterate too I see.
Infrastructure
That's the industrial base, jfc.
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You guys should listen to @Solomonsatoshi more he knows what he's talking about.
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He's either a retard or Chinese propaganda AI bot, same picture
I don't outsource my thinking to Globalists and UFW like you seem to
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Hilarious and tragic how you repeatedly resort to name calling and grossly misrepresenting those who present facts and ideas that you do not like but cannot credibly refute with a reasoned argument.
It is a sign of weakness and insecurity more than anything else.
My acknowledgement of Chinas economic success is not propaganda or endorsement it is simply recognising that they are advancing their economic development to a point where the west generally and the US in particular face the possible end of their centuries of global dominance. That prospect is probably just as disconcerting to me as it might be to you- but recognising it is the first requirement to responding to it.
The former US ambassador to China agrees with me on the reality of Chinas threat to US hegemony.
So do others with extensive experience in China...
If I was a CCP bot I would be much more likely to be voicing the sort of denial of reality that you are pushing - discounting that China is any real threat to the west...
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I haven't even tried to argue any of your points, your both bot/retards because you can't even read what I write.
I never denied China's economic success, literally the exact opposite, you illiterate muppet.
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