Quote:
Originally Posted by Paul Markham
Yep, the Republicans prefer employing them and moaning that there's no jobs in the US anymore.
IN 1970 China was in the hands of Chairman Mao and his Red Army guards. Industry had been dismantled to near 0, people were starving and the place was a mess. 40 years on thanks to the US President who signed them up with a trade agreement, they produce so much they can loan money to the us. To keep it afloat.
Vendzilla is spot on. The jobs that were exported also took a lot of wealth with them. Wealth that had to be found. So found where?
Banking. So please kick those "OWS Clowns" in the head and make them see some sense. If the banking was in China they would be starving.
Technology, Microsoft, Apple, etc. Look at the box and see where they're made. How long before the programs are wrote in China by Microrice and Chopsuey? You get what I mean.
Take a minute to look around and find a "Made in the USA" label on something. It might take more than a minute, so give up after 10. In 10 years time you won't even bother looking.
Can you believe the US used to export more than it imported? This goes for the EU as well.
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Lol, nobody is asking, wanting, or expecting banks to move to China... Lol.
Yes, we export less but at a higher cost and import more but at lower costs. 50 years ago the combined total of income from this was less than 10% gdp, and in recent years it's 25% or over. Our economy grew because of the shift.
It's only logical that after ww2, the U.S. would become the industrial power house of the world, we were one of the only few standing countries that could produce anything at any volume. Thus we did.... but once the rest of the world started to rebuild, we had competition - even before China, the shift started to happen.