Ummm, no when I say "right", that means I agree with you. Accept that someone on this thread is agreeing with you about something.
Then tell me who is making TVs or cell phones or microwave ovens in this country?
Right. I agree with you. See above.
Neither was going to the moon, but it was the right thing to do. It was also a federal initiative that was not supposed to make a profit. Are you saying the government should go into the textile business or grant large subsidies over and above the tariffs to consumer electronics manufacturers?
No. I am saying that granting MFN status to a super low wage country like China sealed the demise of US manufacturing. It should never have happened. Steps should be taken to mitigate that mistake. Please accept when I agree with you and don't put words in my mouth when I don't.
Profit????
Will the government guarantee one?
They don't have to, why should they?
Industry will adjust. Come back and tell me in two years how much their capital investments are worth in China.
Probably a great deal.
Well, I guess we will see about that. Recent investors in the Chinese stock market are barred from selling their shares, in other words they cannot realize their profits or even mitigate their losses. It is a small step from here to nationalize foreign owned factories and investments.
The Chinese "economic miracle" is built on a mountainous pile of sand. There is no real foundation other than debt. In other words, paper.
When TSHTF, as is happening now, the Chinese communists who run that country will show their true colors. The jails will be full of "capitalists" and "profiteers" before this is all over. How much is a Chinese factory worth that is owned by foreign interests when the managers are in jail and the People's Army is occupying the factory?
Probably a great deal.
Actually, we did not have to wait two years. In the last two weeks China has devalued the yuan, making all Chinese investments worth less in terms of US dollars. More ominously, the Chinese government has issued orders to banks to reduce the amount of US dollars that can be purchased by corporations. If you can't get your profits out, how much is your asset worth?