The USA Now Works For China -- Thoughts?

[deltex1]

I am reading that this news results from a new way of calculating the conclusion...China is still a dump.

 

[zeke]

From 1945 to 1980 the USA was manufacturer to the world. American capital was forced to "play ball" with American labor. Because of Labor and Trade laws, we had the highest paid middle class in history. And it paid off because when the middle class has money in their wallets, the capitalist must invest, innovate and add even more jobs to capture that money. It's called a virtual cycle. This is why the economic growth in the 50s and 60s was more robust than any time before or after.

Then came the oil shocks of the 70s and stagflation.

This gave big business and Ronald Reagan an opening. The gipper told us that we needed to unburden capital and provide more support to our suppliers. Specifically, he said we needed to free Capital to seek cheaper operating conditions, including cheaper labor. He said this would result in more jobs with higher wages and better benefits.

We fell for it.

And then our corporations spent the next 30 years shifting production to Asia. Put simply, Nike investors make more money when their goods are made in freedom-hating nations by sweatshop workers who make less than $5/day.

To make up for the loss of wages/benefits, we expanded credit, and the debt grew like a cancer around the purchasing power of the middle class.

So yes, China is emerging as a global leader and we are slowly dying. But make no mistake, our capitalists are doing better than ever - for they have partnered with Communist China. Where do you think the Waltons get over 20% of their goods made? Next time you're in Walmart, read the labels on the toasters, TVs and clothes.

Who knew that our greatest rightwing hero, John Galt, would sell the American worker down river?

We swallowed poison in 1980.

It is a rather slow acting poison so maybe someone could come up with an antidote?
Or not. Like you say, what is the impetus to our countries ultra rich to change anything that would alter how well the ultra rich are doing.

Greed at the very top is a terrible thing to waste.

 

[DriftingSand]

From 1945 to 1980 the USA was manufacturer to the world. American capital was forced to "play ball" with American labor. Because of Labor and Trade laws, we had the highest paid middle class in history. And it paid off because when the middle class has money in their wallets, the capitalist must invest, innovate and add even more jobs to capture that money. It's called a virtual cycle. This is why the economic growth in the 50s and 60s was more robust than any time before or after.

Then came the oil shocks of the 70s and stagflation.

This gave big business and Ronald Reagan an opening. The gipper told us that we needed to unburden capital and provide more support to our suppliers. Specifically, he said we needed to free Capital to seek cheaper operating conditions, including cheaper labor. He said this would result in more jobs with higher wages and better benefits.

We fell for it.

And then our corporations spent the next 30 years shifting production to Asia. Put simply, Nike investors make more money when their goods are made in freedom-hating nations by sweatshop workers who make less than $5/day.

To make up for the loss of wages/benefits, we expanded credit, and the debt grew like a cancer around the purchasing power of the middle class.

So yes, China is emerging as a global leader and we are slowly dying. But make no mistake, our capitalists are doing better than ever - for they have partnered with Communist China. Where do you think the Waltons get over 20% of their goods made? Next time you're in Walmart, read the labels on the toasters, TVs and clothes.

Who knew that our greatest rightwing hero, John Galt, would sell the American worker down river?

We swallowed poison in 1980.

I agree that globalism has likely been our biggest downfall. Leaders on both sides of the aisle have signed various international trade agreements (NAFTA, CAFTA, GATT, Etc.). Clinton signed NAFTA & GATT into law while Bush signed CAFTA into law.

I would like to see Americans creating goods and jobs on American soil before we watch the nation become a third-world afterthought and distant memory.

Regardless of how or when this globalist trend began it's no secret that our current regime is totally complicit. We simply need leaders who are dedicated to reversing past mistakes or purposeful acts of treason (I consider doing anything to purposely weaken our nation to be treachery).