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Let's not forget the China has acquired this position by providing the world with goods for 30 years, for a price that meant misery for their workers. It's not
by tajen 10y ago
Let's not forget the China has acquired this position by providing the world with goods for 30 years, for a price that meant misery for their workers. It's not entierly undeserved that they are now able to execute whatever grand evil plan they imagined. We're free to prevent them from accessing our markets, as long as we reimport manufacturing into free-market countries, which would mean paying a bit more than $7 for a toy, clothes and electronics, or accepting a minimum wage under $10/day for our Western workers. Serious question. is our independence worth the effort?
- noir-york 10y ago> or a price that meant misery for their workers. Misery is relative. What is misery to us, was a god send to Chinese peasants who flocked in their millions to work in factories that promised at least some security as opposed to the utter misery of toiling in the fields. Those exports to the West helped lifted hundreds of millions of Chinese out of poverty.
- LunaSea 10y agoI think you also forgot to add industrial espionage to this list as a compensation for low innovation levels.
- ryuker16 10y agoChinese factories aren't that bad....whence I started talking about the labor standards in nearby Indian factories he was shocked.