..."America is an import-led economy with a weak industrial and manufacturing base, heavily dependent on imports from China."...why is that? Because American manufacturers are cheap when it come to paying for labor. Meaning they would go to Mars if the labor was cheaper.
On one hand, we get cheaper goods and on other hand we get the cheapest goods in quality. Profits usually matter more than quality, just ask big pharma and the auto companies.
deng's 'open door' policy, free trade zones are identical to 1899 agreement with west.
They are horrible in central america, colombia. why any better in china?
Levels of income inequality are higher than in the U.S.
287 million in 2017 internal migrant workers
ie slave labor. ~ US illegal immigrants. which trump is ending!!
US retailers like bezos and walmart have made massive fortunes marking up 'made in china'.
we can delight in seeing trump tank this dysfunctional US economy. china is delighting too. US is only 15% of china's exports (down from 18% -chinese smart).
MR was gung-ho on deng and 'market socialism'. now 18 yrs later it's changing its tune.
what's the difference between US and china? i think china's aiming for hegemon-in-chief too. capitalist thinking the same. the difference is china wants peace. benign hegemon.
but they drive a hard bargain with russia on gas. and provide drones to ukraine. why? and i won't get into the uighur and tibet. and 35% of global CO2 emissions.
..."America is an import-led economy with a weak industrial and manufacturing base, heavily dependent on imports from China."...why is that? Because American manufacturers are cheap when it come to paying for labor. Meaning they would go to Mars if the labor was cheaper.
On one hand, we get cheaper goods and on other hand we get the cheapest goods in quality. Profits usually matter more than quality, just ask big pharma and the auto companies.
Wages are always low in communist countries.
The Chinese middle class are apparently a lot better off than America's.
Washington is scared to death that Americans will figure out that Chinese socialism is more generous than American "non-socialism."
https://www.internationalmagz.com/articles/post-70
deng's 'open door' policy, free trade zones are identical to 1899 agreement with west.
They are horrible in central america, colombia. why any better in china?
Levels of income inequality are higher than in the U.S.
287 million in 2017 internal migrant workers
ie slave labor. ~ US illegal immigrants. which trump is ending!!
US retailers like bezos and walmart have made massive fortunes marking up 'made in china'.
we can delight in seeing trump tank this dysfunctional US economy. china is delighting too. US is only 15% of china's exports (down from 18% -chinese smart).
MR was gung-ho on deng and 'market socialism'. now 18 yrs later it's changing its tune.
what's the difference between US and china? i think china's aiming for hegemon-in-chief too. capitalist thinking the same. the difference is china wants peace. benign hegemon.
but they drive a hard bargain with russia on gas. and provide drones to ukraine. why? and i won't get into the uighur and tibet. and 35% of global CO2 emissions.
Earth's plants are starving on the lowest historical carbon dioxide in the planet's history.
Are you saying that China doesn't have Musks?