pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
 ·Comcast
1 edit | reply to jervin123
Re: Not some std hackers; this is a Chinese Gov't backed attack
said by jervin123  :I wonder how where supposed to get into them?  Bombs
All kidding aside, some government economist will point to this attack as proof that we have to give China even better trading deals so they can sell us even more cheaply made crap.
One thing I don't understand... why the hell do we buy anything from China? That's one country we should have embargoed since 1949. There human rights record alone should be reason enough to slam the door in their face.
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Only SHATNER is Kirk. |
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rit56
join:2000-12-01
New York, NY
| because they pay their employees 75 cents an hour to build the Ford or GM car you drive and here the same dude gets paid 35 dollars an hour. it's capitalism. I would worry more about them financing the National Debt. they have no conscience about anything and one day they're going to say "pay up now" and the United States effectively becomes their servant. they fully understand this. |
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morbo
Complete Your Transaction
join:2002-01-22
00000
clubs:
·Charter Pipeline
 ·AT&T Southwest
| said by rit56 :I would worry more about them financing the National Debt. they have no conscience about anything and one day they're going to say "pay up now" and the United States effectively becomes their servant. they fully understand this. great point. however, most people don't understand how this works and so we will continue blindly on our current course until, surprise!
also, i think we won't let them do that. what we WILL do, is what some posters have already alluded to: demonize them and then go to war. we will say it's because they are spying on us or something else unreleated. then, we won't have to pay back our new lords and masters. of course, there are tons of holes in this prediction. the biggest = collapse of global banking system. |
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Fatal Vector
join:2005-11-26
| "One thing I don't understand... why the hell do we buy anything from China? That's one country we should have embargoed since 1949. There human rights record alone should be reason enough to slam the door in their face."
We buy from china precisely because our workers want $35 an hour to do the same thing. This is why china is growing as it is. We cannot compete as long as we want so much for an hours work. And, leave us face it: $35 an hour is rediculous.
The workers and unions in this country are simply going to have to realize that their jobs will continue to migrate to china and the third world as long as they are in a non competitive position on wages.
Unions, are you paying attention? This is why they want to and will, eventually, bust you. You MUST adapt or die. The gravy train is most definately over.
While I understand that this means biting the bullet, it MUST BE DONE. There are untold millions in the "third world" who will work harder for a dollar, bottom line.
However, eventually, workers in all countries will have reached the living standard we enjoy. Then what, corporations? You will no longer have a cheap source of labor to outsource to and unions of one type or another in these "third world" countries you ran to, along with draconian regulations, since many of these governments wont mess areound with you. It is your single greatest weakness:
The inability/unwillingness to bite the bullet on profit and think long term. Like Verizon, for example, is with FTTH.
"I would worry more about them financing the National Debt. they have no conscience about anything and one day they're going to say "pay up now" and the United States effectively becomes their servant. they fully understand this."
Like this would ever happen, or, be allowed to happen. The same kind of things were being said in the 80's with Japan. You notice that didn't happen either. In such a case, the US would simply repudiate the debt.
What is China going to do? They NEED our market. Selling to us is what is fueling their economy and ENRICHING THEIR CITIZENS, who have decided they LIKE our system and our goodies.
Besides, the PROJECTED defict is SHRINKING.
No. China doesn't know it yet, really, in the central government, but they have embarked on capitalism and their citizens like it. There is no turning back. They had no other choice, really, if they were going to become a player in the world market, and avoid revolution by their citizens which they could not possibly stop or win, they had to integrate themselves into it.
" i think we won't let them do that. what we WILL do, is what some posters have already alluded to: demonize them and then go to war. we will say it's because they are spying on us or something else unreleated. then, we won't have to pay back our new lords and masters. of course, there are tons of holes in this prediction. the biggest = collapse of global banking system."
Ummm...U S currency is the de facto international currency used for international transactions. Since they are not likely to become our "masters" any time soon, it is unlikely that we would go to war with them after demonizing them. While they have a large military, they are unable to project that military power anywhere as well as we can.
No. Such a scenario is extremely unlikely. China is, essentially, in the same position we were in the 1900's industrially. That's why their products are cheap. However, just like the Japanese, they will get better. But then, they will have to compete against more established economies, such as ours, japan, korea, the EU (such as they are), etc.
Nor is it likely the global banking system will collapse since that is in no ones interests and would not be allowed to happen. You all seem to think the rules of finance that apply to you and I also apply to soveregn governments and global corporations. You should know better. |
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pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
·Comcast
| reply to rit56
said by rit56 :because they pay their employees 75 cents an hour to build the Ford or GM car you drive and here the same dude gets paid 35 dollars an hour. Yet another reason not to buy a crappy Ford or GM. Buy Toyotas and Hondas. They are made in Kentucky and Ohio, respectively.
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Only SHATNER is Kirk. |
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Skippy25
join:2000-09-13
Hazelwood, MO | reply to pnh102
Yeah it is kind of a shame when your 6 year old daughter ask why everything is made in China (happened just 8 days ago).
I chuckled and asked her why she asked that and she said everything always has a sticker that says Made in China. |
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fuziwuzi
Not born yesterday
Premium
join:2005-07-01
Atlanta, GA
| reply to Fatal Vector
said by Fatal Vector :However, eventually, workers in all countries will have reached the living standard we enjoy. I think you have that backwards. Workers here will be reduced to the living standard of the Third World.
Even if the unions folded and corporations were able to cut wages as they want, prices for products and services would NOT be lowered (as some erroneously claim). We already have a large number of people who are considered "under employed" who find it difficult to afford even the barest of necessities.
Sure, without a union in the middle, a corporation is free to hire people at any wage they will accept, and there will always be a number of people willing to work for peanuts just to have some sort of income. But it doesn't bode well for our "standard of living" for the future. |
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fuziwuzi
Not born yesterday
Premium
join:2005-07-01
Atlanta, GA
| reply to pnh102
said by pnh102 :said by rit56 :because they pay their employees 75 cents an hour to build the Ford or GM car you drive and here the same dude gets paid 35 dollars an hour. Yet another reason not to buy a crappy Ford or GM. Buy Toyotas and Hondas. They are made in Kentucky and Ohio, respectively. Ford and GM, along with many other manufacturers including your revered Japanese, have production deals in place with the Chinese. They produce cars there only for the Chinese market and are helping to modernize and clean up the production there. The only Ford and GM cars you can purchase in the USA are made either here or in Canada or Mexico/South America (not counting the "foreign" makes owned by each company, like Jaguar, Saab, etc.).
Many Toyotas and Hondas on the sales lots here are still made in Japan, in some models all of them come from Japan. |
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