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It's not in China, Germany, Japan, or South Korea. They still have a huge manufcaturing presence. Samsung builds its products in South Korea. Everything has to
by ghostcluster 6y ago
It's not in China, Germany, Japan, or South Korea. They still have a huge manufcaturing presence. Samsung builds its products in South Korea. Everything has to get manufactured somewhere and, in my view, the US has made a mistake by outsourcing this capacity more than other countries.
As I said elsewhere in the thread, chip manufacturing is a special category as well, and Intel has the only US-based fabrication that is competitive with the state of the art.
It should be as important to protect that capacity as other industrial sectors, like Boeing.
- deleted 6y ago[deleted]
- Ericson2314 6y agoI recently read this review https://phenomenalworld.org/reviews/trade-wars https://phenomenalworld.org/reviews/trade-wars book sounds quite good as a sober explanation without the blinders of neoliberalism or industrial romanticism.
- Ericson2314 6y agohttps://phenomenalworld.org/interviews/trade-wars-are-class-wars https://phenomenalworld.org/interviews/trade-wars-are-class-... interview is nice too.
- renewiltord 6y agoYeah, China is a manufacturing powerhouse. But the world system has moved beyond that. The US can't compete on price. Germany and Japan have stagnant economies. South Korea and the US grow at similar rates but the US has a massive base to grow on. America's economy grows at 2.9% every year. The largest in the world and it's still growing at this rate. I take this trade every single time. It's why Americans are so wealthy in general.
- baconandeggs 6y agoAre you talking about the same americans that required huge bailouts from the government the second the economy stopped because 4 out of 5 live paycheck to paycheck?
- logicchains 6y ago>Are you talking about the same americans that required huge bailouts from the government the second the economy stopped because 4 out of 5 live paycheck to paycheck? Yeah, it's their fault for not expecting and being prepared for the government banning the majority of commerce.
- Thorncorona 6y agoIf 4/5 Americans cannot stay afloat 1 month on their own then yes, it is a big problem. If someone gets into an accident, or has a medical issue, or suddenly loses their job, it puts them into the same position. I think we should arrive for a society where it's citizens can earn enough on their own to at least have a small safety net.
- themaninthedark 6y agoIt is a problem but it raises a question: Are 4 / 5 Americans unable to stay afloat because they are underpaid or because they expand their expenses to fit their income? We talk about a race to the bottom irt. companies but it might be wise to apply the same thinking to society at large as well. Companies have been criticized(rightly imho) over their lack of reserves to handle the corona virus and shutdown. The defense of the companies is that by keeping cash on hand instead of spending it, they are at a competitive disadvantage. This holds true for individuals as well, abet in a more abstract manner. If you are young and trying to attract a mate, wearing old/unfashionable clothes is detrimental. In some circles, what car you drive and it's age is important. This thinking also extends to non-tangible things as well. What TV shows do you watch? Subscription to cable or even streaming is expensive but it is something we often feel we have to have, not only for our entertainment but also to be connected culturally with our peer group. These pressures and factors are not new, the phrase "Keeping up with the Joneses" came from a comic in 1913. It has been argued that social media is making these pressures even greater, as people share(and reward the sharing of) the positive aspects of lives but leave out the negative aspects. This creates a sort of perverse view of the world where you see people taking vacations, going out to eat and buying new gadgets where it all runs together and does not show the effort, hardships and sacrifices made to obtain those things. If we as a society do not value having savings then why should we expect anyone to save? Especially is the reward for doing so is not visible?
- shp0ngle 6y ago> Samsung builds its products in South Korea Actually no, they build phones in Vietnam and India. They just avoid China.
- tooltalk 6y agoSamsung's bread and butter, components (eg, dram and displays) business are still made in South Korea. The company also recently announced that they are investing $100B over next 10 years in their foundry business, which is likely to be all in South Korea.
- misanthropian00 6y agoMy Samsung phone says Made in Korea on the back. I assume that means it was assembled there and mostly uses Chinese components on the inside like everyone else. It is almost impossible to avoid China if you are in the manufacturing business.
- baja_blast 6y agoI highly doubt your Samsung phone contains many Chinese parts. The camera, screen, chip come from Japan, SK, and Taiwan. Maybe the speakers were made in China.