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And of course all the product you bought that were made in China are lies, they don't exist at all. And obviously America will be able to make these products de

And of course all the product you bought that were made in China are lies, they don't exist at all. And obviously America will be able to make these products despite having about 0 unemployment, but hey, magic happens here amiright?

Fjolsvith 7y ago
> And obviously America will be able to make these products despite having about 0 unemployment That's what's called entrepreneurship. People will get rich making these products that are in sudden demand.
viscanti 7y ago
> obviously America will be able to make these products American entrepreneurship doesn't mean all the manufacturing would take place in America. Entrepreneurial people are already moving to build more manufacturing in other countries where labor is less expensive and more plentiful than America. I don't think anyone was arguing that America would manufacture everything they currently import from China.
- assblaster 7y ago
  Even if the companies laterally move overseas manufacturing to other Asian countries, the end result is still China losing economic control over the United States. Can't those other countries start behaving like China? Sure, but doubtful it would go anywhere.
  - AstralStorm 7y ago
    And this happened instantaneously with a wave of magic wand and no costs, right? The cost to the USA would make the recent debt crisis look like a picnic.
ethbro 7y ago
There are lots of countries that are neither the US, China, or in Europe. If China decides it doesn't want to trade with the US, there are plenty of places that will. And honestly, China had already reached the limit of an export-based economy. Growing your national economy on labor arbitrage only works up to a certain level of per capita wealth.
petre 7y ago
Production is already moving to other places in SE Asia. Vietnam is one of the big winners. So I wouldn't worry too much. It would only make things more flexibile as moving production/capital out of a smaller country has less of an impact.

Fjolsvith 7y ago

> And obviously America will be able to make these products despite having about 0 unemployment That's what's called entrepreneurship. People will get rich making these products that are in sudden demand.

viscanti 7y ago

> obviously America will be able to make these products American entrepreneurship doesn't mean all the manufacturing would take place in America. Entrepreneurial people are already moving to build more manufacturing in other countries where labor is less expensive and more plentiful than America. I don't think anyone was arguing that America would manufacture everything they currently import from China.

assblaster 7y ago
Even if the companies laterally move overseas manufacturing to other Asian countries, the end result is still China losing economic control over the United States. Can't those other countries start behaving like China? Sure, but doubtful it would go anywhere.
- AstralStorm 7y ago
  And this happened instantaneously with a wave of magic wand and no costs, right? The cost to the USA would make the recent debt crisis look like a picnic.

ethbro 7y ago

There are lots of countries that are neither the US, China, or in Europe. If China decides it doesn't want to trade with the US, there are plenty of places that will. And honestly, China had already reached the limit of an export-based economy. Growing your national economy on labor arbitrage only works up to a certain level of per capita wealth.

petre 7y ago

Production is already moving to other places in SE Asia. Vietnam is one of the big winners. So I wouldn't worry too much. It would only make things more flexibile as moving production/capital out of a smaller country has less of an impact.