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I went to China a few months ago and had similar thoughts: United States There's a lot more to say, but overall, the trip made me very optimistic about the fut
by eldavido 8y ago
I went to China a few months ago and had similar thoughts:
United States
There's a lot more to say, but overall, the trip made me very optimistic about the future of the United States.
China's cost advantage is disappearing. A 1.5-hour boat ride with a bit of transportation on both ends was almost $100 (US), and that was after we'd haggled them down. At those prices, cost advantages aren't a slam-dunk, and the distance (both geographic and cultural) start to weigh more heavily.
Add in the trade difficulties, not just the tariffs but the "local partnership" requirements, ongoing government interference in the market, and lax attitude toward IP protection, and I don't think China is such a great deal anymore. I don't think Trump's dream of a huge US manufacturing industry will come to pass, but for high-skilled stuff, the case for staying in the US is stronger than ever, especially considering our great infrastructure, well-educated populace, and sustainable environmental practices.
In sum, I think China is currently at its best, while the US is at its worst. They're coming off a long cycle of growth, while the US is eating itself alive with budget deficits, partisan conflict, and labor strikes. But as with people, the true test is how something does when at its worst, not when everything is smooth sailing.
http://www.davidralbrecht.com/notes/2018/10/back-from-china.html http://www.davidralbrecht.com/notes/2018/10/back-from-china....
- xmly 8y agoDo not worry. US government is helping China, from building democracy to IP protection. They are urging China gov to accept high standard to make China a more powerful competitor.