Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit thi…
Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit thi…
The USA is trillions of dollars in debt to China too.
Exactly. It’s a mutual beneficial arrangement that’s made. If the US didn’t want this to happen, we shouldn’t have continued to utilize Chinese manufacturing after literally building them up.
We helped make China who they are today because of capitalism.
“We” didn’t do anything. The shift to China for manufacturing was performed by private companies, not the state, and for economic reasons, not political ones.
Yep, and the corporatists made Nixon go to China to open it up. Cheap labor and no competition.
Are you trying to say China is better off pre-Nixon than they are now? I’m just trying to figure out the point of this comment…
Private companies moved to China because of capitalism. That’s exactly what I said. Cheaper means of production and whatnot. This could have been avoided with some forward thinking in the 70s, 80s, and 90s about the future of America. Investing and subsidizing industries so that they stay in the states, encouragement to move away from the unlimited growth mindset, etc.
We don’t like to think that far in the future though because we like to have quarterly returns so instead of building up our infrastructure and industries state-side, we built them up in China because of the lax regulation and cheap labor.
The USA is not in default on its bonds. This is not a comparable situation.
Yes but the US isn’t in default on that debt. Interest is being paid. And China will keep buying US Treasuries to manage the price of the Yuan vs Dollar.