What happens when our rate drops again? Not much. Japan manipulates the Yen to stay close to the dollar. Like the PRC, like South Korea, like Taiwan. So in the end, not much.
You own Japanese bikes? Care to guess where the parts come from? And that Ducati? I’ve been to the speaker factories of RCF and 18 Sound - also in Italy - and know the base parts come from China.
Like it or not, the world is open. If you want to change other countries, to export democracy, the best way to do it is to export economic success. Our standard of living increases because of the accessibility of more products - both frivolous and useful (think microwaves, cell phones, computers) - for reduced costs.
China’s got a growing middle class, the pollution problem is actually being addressed, and personal and political freedoms are starting to poke through, because the people now making money want to use that money.
Economic freedom is inherently linked to political and personal freedom. You want to free the world? Free the economies.
You own Japanese bikes? Care to guess where the parts come from? And that Ducati? Ive been to the speaker factories of RCF and 18 Sound - also in Italy - and know the base parts come from China.
***********************
What base parts, stud. The paper on the cone? Yeah thats real hard to manufacture. I bet little kids can make them.