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The US economy has benifited enourmously from its trade with China; that those benifits have not gone to the rust belt is really America's own choice.
by chvid 7y ago
The US economy has benifited enourmously from its trade with China; that those benifits have not gone to the rust belt is really America's own choice.
- TheOtherHobbes 7y agoSome of the US economy has benefited enormously from its trade with China. It's hard to imagine anything more cynical than the US blaming China for the poverty and job losses caused knowingly by US corporations taking advantage of cheap Chinese labour and resources.
- ethbro 7y agoIt's like coal mining. What politician is going to say "Mechanization and the economics of renewables are taking your jobs", as opposed to "Environmental regulations are taking your jobs"? The former is worse in every way, with the exception of being true.
- freeflight 7y ago> It's hard to imagine anything more cynical than the US blaming China for the poverty and job losses caused knowingly by US corporations taking advantage of cheap Chinese labour and resources. Yet that seems to have become the popular narrative in many places.
- swagasaurus-rex 7y agoNo surprise the rust belt is Trump's campaigning grounds. Americans didn't choose for the great lakes economies to collapse. It was the collective decision of the ownership class.
- codedokode 7y agoBut didn't consumers also win from being able to buy cheaper goods manufactured abroad?
- ryacko 7y agoWhy would anyone buy a $1000 phone when with the same amount of money, one could buy a laptop, smartphone, and digital camera (with a decent lens)?