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Started By
Message
re: Deindustrialization - Have We Become a Poor Country?
Posted on 12/17/23 at 10:37 am to RogerTheShrubber
Posted on 12/17/23 at 10:37 am to RogerTheShrubber
quote:
Wrong.
China subsidized American consumers.
How do you figure?
2
Posted on 12/17/23 at 10:39 am to Elblancodiablo
quote:
Wrong.
China subsidized American consumers.
How do you figure?
Thats precisely what happened.
Nothing has helped American poor more than cheap imports since the 70s. Its helped lift quality of life far more than government.
The enemy of American mfg is high wages. Blame monetary policy that destroyed the dollar, not the Chinese.
This post was edited on 12/17/23 at 10:41 am
Posted on 12/17/23 at 10:55 am to Elblancodiablo
quote:
How do you figure?
China used its public resources (aka, taking from its population) in addition to low revenues (due to low salaries) to artificially decrease the price of goods for US consumers. They are literally subsidizing our greater Standard of Living out of the pockets of their population.
These savings allow our population to spend more on more valuable goods/services and have increased our standard of living exponentially.
China is literally taking money from its population to make US citizens live better.
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