wiyosaya
Posts: 9,760 +9,644
No one has been stealing it. The US, and its companies, have been giving it away in that all glorious pursuit of profit.China does allow outside companies to sell directly to the Chinese People. If they did, then there would not be an issue and everything would be fair. Perhaps you are the clueless one and doesn't understand what a communist nation is..?
Trump is treating china correctly, a Country who has been stealing it's wealth for 20 years and will die soon if it doesn't play nice with the rest of the world. Because US sanctions are nothing when China has World sanctions and blackades...
So tell me, where are the world sanctions and "blackades"? Links?
I agree its a no-win situation and that is why I said feckless leader is playing wack-a-mole.You mean like lowering the minimum wage and reducing benefits?
I think a lot of people simply fail to see the problem: US workers are expensive, Chinese workers are cheap. That's the problem. You can make US workers less expensive (unpopular because that reduces the standard of living), or you can raise the cost of goods from outside the US to compensate for the cheaper labor (unpopular because people love to use military words to describe economic decisions and toss around the phrase "global economy" as if they understand it).
It's basically a no-win scenario. No matter what you do, you make people angry because they don't understand that yes, absolutely, there will always be a trade-off for moving jobs to the USA. Either a reduced standard of living or more expensive goods. Personally, I am fine with more expensive goods so I don't mind a bit of a "trade war." We already tax income and sales and plenty of other things, why not tax imports? Why must that be the one thing we avoid taxing at all costs? It makes no sense.
Goods aren't supposed to be this cheap to begin with - not if we actually want to apply the same standard of living globally. And if we're unwilling to apply the same standard of living globally, that begs the question of why we're willing to accept different standards for the USA and the rest of the world.
The cost of cheap goods - is lowered standards of living in places where we get the goods from. The cost of cheap goods - is inequality. That is, unless you're willing to accept the idea of a lowered standard of living in the USA to about Chinese levels.
It's funny that so many people are fired up about fixing inequality in the USA, but when it comes to the rest of the world - nobody cares. It's important here, but not there. All in the name of keeping goods cheap, we sweep inconvenient truths under the rug.
The real problem is that money has become God.