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> for people living inside the US, one starts to wonder if over-reliance on China has gone too far. How come? The current situation shows that the US hold mas
by NotPaidToPost 7y ago
> for people living inside the US, one starts to wonder if over-reliance on China has gone too far.
How come?
The current situation shows that the US hold massive power and benefit massively by selling high value items to China while taking advantage of cheap Chinese workers.
The US have and do benefit massively.
The real issue here is power. The US obviously want to hold on their global dominant position, but should realise that it's no more possible for them that it was for Britain.
- Theodores 7y agoThe U.S. is selling soybeans and software licenses, China is making shoes and iPhones. The U.S. is not taking advantage of cheap Chinese labour any more. U.S. labour is not competitive because the U.S. has to carry a rentier class that sponge off the efforts of hard working Americans thereby making U.S. labour noncompetitive. The U.S. have the petro-dollar to uphold their empire, plus the world's most bloated military. It ain't working any more.