IF we are China's best customer, why would they seek to destroy us? It seems to me they'd prefer we prosper so we could buy more of their products, right? Would your local grocery store seek to alienate their customers?
If you really want to place the blame on anyone for jobs moving overseas, look no further than our own federal government. They're the ones who place barriers via excessive taxation and regulations that drive away business. California's anti-business climate is a good example. California has succeeded in driving scores of businesses out of state.
BTW, I have read Williams and Sowell. They make perfect sense to me.
“IF we are China’s best customer, why would they seek to destroy us? It seems to me they’d prefer we prosper so we could buy more of their products, right? Would your local grocery store seek to alienate their customers?”
They can always sell to other customers; in the meantime, they’ve reduced their enemy to a hollow shell of itself. They are the Mega-Lo-Mart that is closing the Main Street businesses, on a national scale; our manufacturing was the Main Street businesses.
China was a 3rd world country in 1990( before trading ,\ with the U.S). 99% of China's people were living as peasants as people did 10,000 years ago . Now a mere 20 years of trading (ripping off the U.S.) and China now has malls, 9% economic growth, modern cities, a middle class, and is lending the U.S. trillions.
In 1970 The U.S. was tremendously ahead of every country in technology, manufacturing technology, living standards etc.
Can you imagine where the U.S. would be now if we didn't trade with other countries? Our living standards would have improved tremendously. Instead the U.S. is in decline,with over 40% on government assistance (food stamps) and many government workers: and still we have 20% unemployment. The jobs available are a busboy job that 400 apply for. Look at how many millions applied for Mcdonalds jobs recently on that hiring day.
What do you think is the cause of the U.S. decline? It's China's economic war and terrorism against the U.S. some say it is the government growth and regulations and yes that has a bad effect on American businesses. but still those business that don't have to compete as directly with China like Mcdonalds, Walmart , FEd ex, are doing good despite the growing regulations. And Mcdonalds for example has a dollar menu so they can still keep prices low without having to make burgers in China.you saying that Buying $100 sport shoes made in Asia by workers making 50 cents an hour is benefiting you? what about the decline in your living standards and decline in your country that China's destruction of our industrial base and factories have caused?
I Have more to reply but short on time now.
China is lending the U.S. trillions of dollars.
Over 40% of people in the U.S. are on government assistance(food stamps).
Any of you free traders think that is sustainable? What do you think is the cause of the U.S. decline? .
Yeah you'll say it's government growth and regulations.And yes that has had a bad effect on U.S. businesses .BUT many U.S. companies that don't have to compete directly with China are still doing well : for example Mcdonalds, Walmart, Fed Ex. They are keeping prices low and producing despite of government interference: think of Mcdonalds’ dollar menu. But the cause of the U.S. decline is China and other countries ripping the U.S. off: our manufacturing is being shipped over seas. Who would pay a U.S. worker when they can pay a worker in China making 50 cents an hour to make something?