3 ms·

They've done this for years. The US believe so much in globalisation they refuse to do anything.

forkLding 9y ago
If the costs outweight the benefits for the Chinese government, then they won't allow it. Same goes for the US. I highly doubt the US would want to give up anything to China or compromise anything they already have so that China would open up their cinemas, its definitely a realpolitik way of looking at it, but its usually how things go.
- DeonPenny 9y ago
  I think your argument is a bit naive because it does hurt most Americans from what I've seen, but these arrangements help the very few that can truly influence these policies. As for the Chinese yes, a strong economy is a huge reason why they are in power. Protectionist policies are one way they've used to keep people happy.
tdb7893 9y ago
"Globalization" has probably benefitted most of the people in the US, which is why most people like it. It has cost some jobs but it has also created other jobs and gotten us access to much cheaper goods and in balance is probably good overall (at least for me personally). It's probably to blame for some employment issues but for most of America employment is decently high and manufacturing (and also stuff like coal mining) jobs would probably be on the decline with or without globalization.
- DeonPenny 9y ago
  No, I don't believe it does. I keep seeing this comment and it never made sense because the promise of globalization was that it would drive down prices because of cheaper labor. But shoes, computers, and cloth cost just as much as ever. It seems only the rich have benefited from this.
  - tdb7893 9y ago
    It's not everything but stuff like smart phones, jeans, and shoes would be much more expensive if they were manufactured in the US. For example sneakers already have high tariffs (high end shoes being taxed an extra about 12% and most other mass market shoes being taxed at around 35-48% from the data I found) but about 98% of shoes in the US are foreign made because even with the tariffs and shipping costs the US can't compete. The total labor cost per hour is often about 10x what it is in countries like Bangladesh so it seems pretty clear that especially for things where labor is a large part of the cost they are going to be much cheaper if manufactured outside the US.

If the costs outweight the benefits for the Chinese government, then they won't allow it. Same goes for the US. I highly doubt the US would want to give up anything to China or compromise anything they already have so that China would open up their cinemas, its definitely a realpolitik way of looking at it, but its usually how things go.

DeonPenny 9y ago
I think your argument is a bit naive because it does hurt most Americans from what I've seen, but these arrangements help the very few that can truly influence these policies. As for the Chinese yes, a strong economy is a huge reason why they are in power. Protectionist policies are one way they've used to keep people happy.

tdb7893 9y ago

"Globalization" has probably benefitted most of the people in the US, which is why most people like it. It has cost some jobs but it has also created other jobs and gotten us access to much cheaper goods and in balance is probably good overall (at least for me personally). It's probably to blame for some employment issues but for most of America employment is decently high and manufacturing (and also stuff like coal mining) jobs would probably be on the decline with or without globalization.

DeonPenny 9y ago
No, I don't believe it does. I keep seeing this comment and it never made sense because the promise of globalization was that it would drive down prices because of cheaper labor. But shoes, computers, and cloth cost just as much as ever. It seems only the rich have benefited from this.
- tdb7893 9y ago
  It's not everything but stuff like smart phones, jeans, and shoes would be much more expensive if they were manufactured in the US. For example sneakers already have high tariffs (high end shoes being taxed an extra about 12% and most other mass market shoes being taxed at around 35-48% from the data I found) but about 98% of shoes in the US are foreign made because even with the tariffs and shipping costs the US can't compete. The total labor cost per hour is often about 10x what it is in countries like Bangladesh so it seems pretty clear that especially for things where labor is a large part of the cost they are going to be much cheaper if manufactured outside the US.