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The reason rates are so cheap from China is because the system was intentionally designed to make it profitable to produce goods in China where labor is cheap.
by tehjoker 7y ago
The reason rates are so cheap from China is because the system was intentionally designed to make it profitable to produce goods in China where labor is cheap. These kinds of attacks on the system are pretty interesting as they undermine the system the business community has loved since the 1990s. It's kind of amazing that Trump is actually attacking the system in order to feed his xenophobic platform. On the other hand, it's possible the business elite are suspicious of China's rising economic power and want to reduce dependence. In no scenario will ordinary people benefit so long as the elites are allowed to execute their plans as all roads lead to their own enrichment at our expense.