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re: Deindustrialization - Have We Become a Poor Country?

Posted on 12/17/23 at 8:19 am to
Posted by Damone
FoCo
Member since Aug 2016
32966 posts
Posted on 12/17/23 at 8:19 am to
quote:

we were de-industrializing in a global economy where it was easier to remove your manufacturing from the leftwing crazies that want everyone living in the dirt and eating bugs.

lol what? US deindustrialization was 100% the result of a race to the bottom to find the cheapest possible means to produce goods in the name of corporate profits.
Posted by BBONDS25
Member since Mar 2008
48908 posts
Posted on 12/17/23 at 8:21 am to
quote:

lol what? US deindustrialization was 100% the result of a race to the bottom to find the cheapest possible means to produce goods in the name of corporate profits.


oh my.
Posted by RCDfan1950
United States
Member since Feb 2007
35119 posts
Posted on 12/17/23 at 8:24 am to
quote:

lol what? US deindustrialization was 100% the result of a race to the bottom to find the cheapest possible means to produce goods in the name of corporate profits.



Given the principle of true 'Free Trade' and competition, if a Chinese worker is willing to work hard for $5 an hour, and a unionized US worker demands $80, what is the answer?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
262895 posts
Posted on 12/17/23 at 9:05 am to
quote:

lol what? US deindustrialization was 100% the result of a race to the bottom to find the cheapest possible means to produce goods in the name of corporate profits.


A simpletons understanding.

We manufacture what is efficient, we profit off things we can buy from others. Everyone benefits, particularly the poor who can afford things they never would have been able to afford.

Trade creates wealth, I understand why populists dont understand that, but it would benefit you to learn. Trade benefits the poor in great ways, youre working against your own interests.
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