Our corporations need to learn that cost cutting is not growth. Growth means an outward growth, meaning adding the number of consumers, which means fundamental individual rights and individualism. Thats directly opposed to the CCP way of doing things. Yet for the quick buck, corporations are not challenging their system.
I am all for trade as long as its on those terms.
Thats how Korea got rich, Japan, Singapore, Taiwan, etc.
Those have been some good investments.
I am all for trade as long as its on those terms.
Thats how Korea got rich, Japan, Singapore, Taiwan, etc.
Those have been some good investments.
For your information, US firms outsourced manufacturing to Japan, Singapore, Taiwan, etc. over the past few decades for "cost-cutting" reasons as well. It's only because these places have become rich themselves and their labor rates so high that manufacturing is now being transferred to mainland China, where labor wages are still low. Japan, Singapore, Taiwan, etc. all developed middle-classes through decades of exports, and China today is merely following the same path (including politically, as all these places had one-party rule).