They seem to guard their relationship with China very well and they did not want the "most favored trading status" to be awarded to China years ago...
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As Asia becomes Capitalistic, will america Prosper?
- Thread starter ElectricSavant
- Start date
ES,
I lack the patience to read (all) the right-wing loony, political theory cloaked by a veneer of intellectual/academic legitimacy (pause for breath).
This is basically a justification for current US foreign/economic policy (which Iâm not criticising) but there are weaknesses: âacceptance of America's traditional values ofâ¦economic freedomâ, eg state subsidies, import tariffs, trade barriers/embargoes/sanctions (no different form any other first-world economy)?
The conundrum for major economies re third-world wages is reconciling a (desired) downward pressure on domestic wages with a concomitant undermining of local consumer demand in a consumer driven, consumer-based economy.
One solution is a weaker domestic currency to stimulate exports of goods to these rising economies (donât all peasants aspire to a Chevvy?) but this would increase the trade deficit and its funding, and undermine the bond markets. Further, wouldnât the domestic local workforce also like to consume luxury goods? Indeed, he would also like to afford the necessities. With his lower wages he can always put in the over-time.
Iâm all for lowering wages as long as its accompanied by a reduction in the price of goods, especially housing.
Capitalism is OK as long as you donât have competitors. And how do you deal with those who do not want democracy?
Iâd be interested to know more re niceneasyâs remark about printing more money (ie the affects). And what is the reference to Germany?
Grant.
I lack the patience to read (all) the right-wing loony, political theory cloaked by a veneer of intellectual/academic legitimacy (pause for breath).
This is basically a justification for current US foreign/economic policy (which Iâm not criticising) but there are weaknesses: âacceptance of America's traditional values ofâ¦economic freedomâ, eg state subsidies, import tariffs, trade barriers/embargoes/sanctions (no different form any other first-world economy)?
The conundrum for major economies re third-world wages is reconciling a (desired) downward pressure on domestic wages with a concomitant undermining of local consumer demand in a consumer driven, consumer-based economy.
One solution is a weaker domestic currency to stimulate exports of goods to these rising economies (donât all peasants aspire to a Chevvy?) but this would increase the trade deficit and its funding, and undermine the bond markets. Further, wouldnât the domestic local workforce also like to consume luxury goods? Indeed, he would also like to afford the necessities. With his lower wages he can always put in the over-time.
Iâm all for lowering wages as long as its accompanied by a reduction in the price of goods, especially housing.
Capitalism is OK as long as you donât have competitors. And how do you deal with those who do not want democracy?
Iâd be interested to know more re niceneasyâs remark about printing more money (ie the affects). And what is the reference to Germany?
Grant.
Quote from ElectricSavant:
They seem to guard their relationship with China very well and they did not want the "most favored trading status" to be awarded to China years ago...
Oh, that's a cultural thing....
"Die Gelbe Gefahr", that sort of thing. A largely uniquely German xenophobe viewpoint. http://de.wikipedia.org/wiki/Gelbe_Gefahr
I thought you were referring to the bundesbank's reluctance to sell its yellow metal assets recently.... which I thought was more interesting.