China semiconductor industry decapitated

[canada812]

A lot of zero sum theory believers.

Adam Smith clarified the benefit of trade a long time ago.

 

[Overnight]

A lot of zero sum theory believers.

Adam Smith clarified the benefit of trade a long time ago.

Adam Smith was also wrong.

John Wooden capitalized on that philosophy during his coaching years.

 

[TheDawn]

Since when are we at war with China? You got to stop watching Breitbart...

Told you not to get excited and you still did. LOL I know we are at war with China. It's China, your country that's at war with us.

 

[TheDawn]

Up until about 10 years ago, I supported China. Whites dominated the world for 500 years. Like other Asians, I too have faced racism.
I felt it was time for Asians to lead. The Asian century had arrived.
As an Asian male, I was proud of China's accomplishments. China was on the same road as Japan, South Korea, Taiwan, Hong Kong, and Singapore. Just on a massive scale.
I was hoping China's economic liberalization would create a more democratic China.
This has clearly not happened. It has become clear that China is a threat to the world, and especially to its neighbors.
It seems that America has been committing suicide for the past 20 years with its left wing policies. It's hard to comprehend the choices America has been making. A country that can't even enforce law and order because it would be called "racist". I don't see how America will be able to fight a war with China in 20 years. This will have huge consequences for most of the world which depends on a strong America.
I don't think people are prepared for a world which will be dominated by China.
The Bible talks about the end times which precede Christ's return. Alot of things are happening right now: climate change, covid, possible nuclear war, possible Chinese domination. It seems to me the events foretold by the Bible are happening right before our eyes.
The last 3 years have shown us anything can happen.

In the last five years, China has really shown its true colours. All those proclamations that "we are peaceful", "we will never attack anybody", and "we treat people with equality and we do not discriminate" were all lies and shams just to dupe the West to give them more money for them to use it to dominate the world. In a way, I am kinda glad that they exposed their true nature and intention. Now we see them for what they really are and we adjust. We just hope it's not too late.

It's not that we won't be ready for a world dominated by China. It's we cannot let China dominate the world, EVER!!

 

[TheDawn]

I don't think this is entirely accurate. It was China that became rich at the expense of the US. Had we not invested in China on a massive scale, they wouldn't be anywhere near where they are now. No doubt, this was in exchange of their cheap labor. BUT IT'S ONLY CHEAP IN COMPARISON TO OUR OWN LABOR COST. What they were paid is by no means cheap in China. It was enough to sustain, if not improve, their standard of living.

The problem is China thinks they did all this on their own and haven't paid any tribute to the US for paving the road to affluence. Instead, they decided to bite the hand that fed them. So do we still need to maintain a good relationship with China?

And, yes, I believe manufacturers should move out of China, even if it drives up inflation in the short term. We're just going back to how it used to be back in the 70s, when people actually didn't splurge on things they didn't need.

Absolutely agreed. 70's was a fine time.

 

[VicBee]

Are you Filipino or Korean?

Maybe Malay or Indonesia? How about Japanese, or Thai or Singaporean or Indian or Vietnamese?

What Asian are you anyway?

 

[VicBee]

I don't think this is entirely accurate. It was China that became rich at the expense of the US. Had we not invested in China on a massive scale, they wouldn't be anywhere near where they are now.

China provided a huge market for the West and a source of hard working, cheap and sophisticated manufacturing base. Every western manufacturers set up shop there because labor was 80% cheaper than US labor costs. Over the years that cost climbed and today some neighboring countries offer lower costs, like Vietnam or Indonesia.
China's economic boom benefited both Chinese and foreign businesses whose profit margins grew significantly for at least 2 decades. This is the time when the West started getting flooded with Chinese products. During that time, China began erecting new rules, such as skills transfer, making it clear that foreign companies had to show commitment to Chinese development if they wanted to enrich themselves in its market. Btw, this is very common and encouraged in developing countries that have been and continue to be plundered by foreign companies taking resources out and doing the more lucrative processing at home.
The point is that everyone benefited enormously from China's entry to the WTO, thanks to the US. Those who stood out to lose the most were western manufacturing labor and those companies that remained national.
Remember, at that time the Republican party was adamantly supportive of globalism, while Democrats were protectionists, each protective of their interests. How ironic to see that today the tables have turned.
China benefited greatly from foreign investment capital and access to the WTO. But Chinese are the hardest workers I've ever met and they built the powerhouse that it now is in the shortest time in world's history. It is both impressive and concerning. My position, stated many times, is that we, the US and Europe should have looked at it as healthy competition and a chance for shared learning. Instead some groups cunningly pushed the threat fear and today we're on a downward spiral towards possible war. China certainly has a part of responsibility for this situation, but the US has its share of responsibility tied to some groups' sense of dominance entitlement and probably from an admission of our inability to compete where China dominates.

 

[schizo]

Maybe Malay or Indonesia? How about Japanese, or Thai or Singaporean or Indian or Vietnamese?

What Asian are you anyway?

It doesn't matter. All of China's neighbors harbor resentment towards China. Not because of their economic or military power, but because they just cannot be trusted.

 

[VicBee]

It doesn't matter. All of China's neighbors harbor resentment towards China. Not because of their economic or military power, but because they just cannot be trusted.

And you know that how?

 

[TheDawn]

China provided a huge market for the West and a source of hard working, cheap and sophisticated manufacturing base. Every western manufacturers set up shop there because labor was 80% cheaper than US labor costs. Over the years that cost climbed and today some neighboring countries offer lower costs, like Vietnam or Indonesia.
China's economic boom benefited both Chinese and foreign businesses whose profit margins grew significantly for at least 2 decades. This is the time when the West started getting flooded with Chinese products. During that time, China began erecting new rules, such as skills transfer, making it clear that foreign companies had to show commitment to Chinese development if they wanted to enrich themselves in its market. Btw, this is very common and encouraged in developing countries that have been and continue to be plundered by foreign companies taking resources out and doing the more lucrative processing at home.
The point is that everyone benefited enormously from China's entry to the WTO, thanks to the US. Those who stood out to lose the most were western manufacturing labor and those companies that remained national.
Remember, at that time the Republican party was adamantly supportive of globalism, while Democrats were protectionists, each protective of their interests. How ironic to see that today the tables have turned.
China benefited greatly from foreign investment capital and access to the WTO. But Chinese are the hardest workers I've ever met and they built the powerhouse that it now is in the shortest time in world's history. It is both impressive and concerning. My position, stated many times, is that we, the US and Europe should have looked at it as healthy competition and a chance for shared learning. Instead some groups cunningly pushed the threat fear and today we're on a downward spiral towards possible war. China certainly has a part of responsibility for this situation, but the US has its share of responsibility tied to some groups' sense of dominance entitlement and probably from an admission of our inability to compete where China dominates.

That's not what you said earlier:

America became very wealthy when China opened up, because anyone who knew how was getting their products manufactured there at a fraction of what it cost to manufacture in the US.

Too late to change your stand, two-faced coward.