Comments on: China’s export dominance must force U.S. rethink http://blogs.reuters.com/great-debate/2010/03/23/chinas-export-dominance-must-force-u-s-rethink/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: My Website http://blogs.reuters.com/great-debate/2010/03/23/chinas-export-dominance-must-force-u-s-rethink/#comment-469624 Sun, 15 Mar 2015 12:04:34 +0000 http://blogs.reuters.com/great-debate/?p=6869#comment-469624 Really enjoyed this post. Really Cool.

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By: messages http://blogs.reuters.com/great-debate/2010/03/23/chinas-export-dominance-must-force-u-s-rethink/#comment-356552 Tue, 03 Mar 2015 10:49:41 +0000 http://blogs.reuters.com/great-debate/?p=6869#comment-356552 Very neat blog post. Cool.

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By: Alex Fisher http://blogs.reuters.com/great-debate/2010/03/23/chinas-export-dominance-must-force-u-s-rethink/#comment-344865 Sun, 01 Mar 2015 12:18:13 +0000 http://blogs.reuters.com/great-debate/?p=6869#comment-344865 Many thanks for creating the effort to talk about this, I feel strongly about this and enjoy learning a great deal more on this matter. If possible, as you gain knowledge, would you mind updating your weblog with a great deal more details? It as very useful for me.

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By: Yaeko Boarman http://blogs.reuters.com/great-debate/2010/03/23/chinas-export-dominance-must-force-u-s-rethink/#comment-296108 Tue, 24 Feb 2015 17:17:32 +0000 http://blogs.reuters.com/great-debate/?p=6869#comment-296108 Attractive part of content. I just stumbled upon your weblog and in accession capital to claim that I get actually enjoyed account your weblog posts. Anyway I will be subscribing in your augment and even I fulfillment you access constantly rapidly.

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By: creigh http://blogs.reuters.com/great-debate/2010/03/23/chinas-export-dominance-must-force-u-s-rethink/#comment-29528 Thu, 25 Mar 2010 05:23:22 +0000 http://blogs.reuters.com/great-debate/?p=6869#comment-29528 Well, the average view of an American is that he is fat lazy and greedy. A really bad combination. I’m sure that isn’t all true. Perhaps the truth is more complacency due the the fact that they thought their well being was a right. Because it was written on a piece of paper. A long time ago. But the American constitution means nothing to a neo mercantile elsewhere. To fix this the American people are going to have to change their identity. To a people that thrive under pressure, think out the box, leverage their own intelligence (you know, like in the movies). America is a nation that was build on character and values. Unfortunately, that doesn’t always get you the contract or tender (Ask me, I live in Africa). Throughout modern history America has had an influence. If they did not fight in Korea and Vietnam who knows where communism would draw its boundaries now. We owe America much. I’m rooting for you.

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By: HBC http://blogs.reuters.com/great-debate/2010/03/23/chinas-export-dominance-must-force-u-s-rethink/#comment-29507 Tue, 23 Mar 2010 21:34:46 +0000 http://blogs.reuters.com/great-debate/?p=6869#comment-29507 Basically I agree with your article. It’s thoughtful and it’s well-written.

Even if it is a bit late in the day, some change in debate is called for, no doubt about that. Any sort of debate, really. That there doesn’t seem to have been one yet may be due to lack of mutually agreeable starting points.

Diehard free-market adherents probably reject out of hand the idea of the United States having to decide where it wants to go because it would imply having some sort of central vision, besides a basic ability to conceptualize which in and of itself seems generally lacking in today’s America.

But let’s say for the sake of argument all those “free” market gurus actually managed to get around one table and hash this thing out, what then?

Frankly, the current imbalance suits U.S. offshore manufacturers just fine. If they could get Americans to work like subhuman species in salt mines, deftly making consumer items that in their own lifetimes the workers could never aspire to afford, some say they might. By others, this consequence is waved away as unintended. In the meantime, the corporations have had a good run of it, even if it’s all about to grind to a halt per old Kruschev prediction.

Apparently, it’s not as difficult for average Chinese as for their American brethren to find peace with mass deprivation. Given a few more years of the weapons-grade mass unemployment currently metastasizing across the U.S., this sort of discrepancy in workplace attitude may eventually blur out, which some will identify as the long-term goal of American off-shorers all along.

The coming austerity in America wasn’t inevitable, which makes it only that much more painful to behold, though by no means as painful as listening to pundits blaming the MBS, health and credit crises on individual consumers…

Less easy to conceive of will be any incentive for the Chinese leaders to allow their people mutate from a nation of subservient plantation workers into a gigantic mass of extravagant gadget collectors, especially when the gadgets were made in Chinese labor camps to begin with. The incidental glory of having rescued the United States from an ongoing inability to export anything to anyone besides war paraphernalia and pitiful financial excuses probably isn’t quite gonna do the trick. Think George Bush Senior and the Japanese Premier’s lap – didn’t work there then, ain’t gonna work here, now.

Honestly, would you buy mass amounts of high-technology bric-a-brac you don’t even need from a country of geniuses who apparently couldn’t see this massive imbalance situation coming a mile off? I know I wouldn’t.

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By: Billthedog http://blogs.reuters.com/great-debate/2010/03/23/chinas-export-dominance-must-force-u-s-rethink/#comment-29506 Tue, 23 Mar 2010 21:14:53 +0000 http://blogs.reuters.com/great-debate/?p=6869#comment-29506 I don’t get it. It does seem that China has a vast and growing industrial base fueled primarily by cheap labor that will stay cheap for the foreseeable future due to a population of 1.5 billion people. In a way, this is the end game for US manufacturing, any company doing business with China is doing so out of desperation more then preference. There is no place else that is cheaper. If the US starts to export high end tech to China it will only serve to speed up the day when no US company can produce in the US. The only thing that can change this is if US consumers suddenly changed their preferences for high cost US made goods, but then it’s too late isn’t it, since there really are no consumer products made in the US. I guess if the World Trade Organization kicked China out it could slow things down a bit.

One thing that will be interesting to see is how China copes with a large population of dispossessed peasants who have been kicked off the land where they supported their families for generations hand-to-mouth, that and the simple fact that China has got to be facing astronomical environmental impact due to 20 or so years of high speed industrialization. Maybe it’s just me, but I can’t see how they can support 1.5 billion people in a heavily industrialized nation, and industry does not historically live in perfect symbiosis with dirt farming.

My chief concern is how we are expected to cope in the former industrialized world with no source of cash income, other than the possibility of a cushy job in the dwindling retail sector, law enforcement, government, or the military.

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By: Gotthardbahn http://blogs.reuters.com/great-debate/2010/03/23/chinas-export-dominance-must-force-u-s-rethink/#comment-29505 Tue, 23 Mar 2010 20:15:36 +0000 http://blogs.reuters.com/great-debate/?p=6869#comment-29505 A very persuasive article. But, with reference to your final paragraph, can a country that competes globally on the basis of cheap labour ever create the sort of vast consumer market that would buy (relatively) expensive American-made goods? China seems to be split into many pieces with vast numbers of peasants out in the western regions, leading lives of unimaginable poverty; exploited workers in the eastern regions making minimal wages for their work; an small entrepreneurial class living very comfortably a la Hong Kong; and a governing elite who are doing very, very well for themselves. Frankly, it remains to be seen whether this aging, sclerotic society will ever achieve the sort of consumer market to which Mr. Kemp refers. America may have to look for salvation elsewhere.

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