[quote=markmax33]
SK,
Recent history has proven your view point wrong. If China’s system is so much better and efficient, why did the Russian model fail using the exact same ideas? Our economy is failing to compete with China because of the action of the federal reserve and Government intervention in the markets, not China. We don’t have free trade because we monopolize the world’s money supply and rig it. It isn’t a failure of capitalism, it is a failure of central banking.
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The communist model will lose to true capitalism every time.
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Marky, first off, can you please respond to the correct person?
Second, why are you comparing communism to capitalism? never said communism is better. Where did you get that idea? BTW you are really short sighted if you think China is really “communist”, like the Soviets were during the Cold War. Please go visit China, and then come back and let’s discuss whether you still think China is anywhere near communism, ok? China is completely capitalistic, driven by a pseudo-totalitarian regime that happens to also have its head pointed in the right direction
But that’s besides the point…. Can educate me how history proven me wrong?….Please explain to me how trade between U.S. and China has been fair? Please explain to me that the reason why companies have been opening factories overseas left and right isn’t because (1) cheap labor costs (2) “know how” is over there because of #1?
Please educate me how we stand to benefit from “free trade” with China, when China imposes huge import tariffs on U.S. made goods sent to China and that that U.S. exported goods can’t compete with locally made, untaxed Chinese made goods.
Please also educate me on this…How can a U.S. company, that would be completely privately funded, per Ron Paul’s ideology on free trade, compete against a state-owned Chinese company, with unlimited or at least huge cash piles from it’s government…Let’s say during an acquisition of another company?
[quote]
If you want to know how the middle class is being squeezed out and manufacturing jobs are being sent over seas, it is the federal reserve printing money and bailing out the big companies while the people go bankrupt and foreclose.
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Ok… I’m not following here..Seems like you’re talking about two separate issues. Please, explain….
Because I thought all along the reason why people were going BK and foreclosed on is because (a)americans spent more than they can afford on a house (b) signed up for liar loans that they couldn’t ever imagine paying back (c) spent even more money than they bring in on useless tuff, usually making minimum monthly payments on credit and/or (d) were gamblers who thought that they’re precious home prices would keep rising so that they could keep tapping their homes as ATM to fund their vice spending habits…
BTW: I not saying a trashed USD is a good thing, BUT….if the U.S. dollar is completely trashed relative to the rest of the world currency, don’t you think it make our U.S. made goods/services ends up being cheaper overseas???…That is, unless a country pegs their own currency to the USD…But then again, another country in the interest of fair trade, would never do that would they? Like China and Japan would never peg their currencies to the USD, would they?
Or even if there is no peg, they wouldn’t heavily regulate/manipulate the exchange rate either, would they?
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You can continue to call me names and taunt me, but apparently that’s not allowed on this blog. It is insensitive and I wish you would stop.
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No one’s calling you any names…Stop being so damn sensitive…
[quote]
The communist model will lose to true capitalism every time. I suspect there is going to be another manufacturing revolution in this country that could put China out of business. I suspect in the next 20 years we find ways to make cheap robots that automate the process and bring the jobs back home.[/quote]
I highly doubt this…I don’t see too many young 20 year olds and 30 year olds having that much drive, patience, determination to build/create anything remotely related to manufacturing or engineering. Rather than spending the time and energy to build something from ground up, wanting to be real engineers, and scientist, a lot of them have a big entitlement mentality thinking they are all “gifted innovative thinkers” and all try to be “managers” from day 1. I see this all the time…Folks that sure can talk, but when I need them to finish a project, I would never think of depending on….can’t code, can design, can’t architect, can’t deliver..because they never learned and never wanted to learn.
