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and self-proclaimed capitalist love it because "free market" while blaming unions for those items not being manufactured in the US.
by wnevets 6y ago
and self-proclaimed capitalist love it because "free market" while blaming unions for those items not being manufactured in the US.
- toiletfuneral 6y agoWhy is this being downvoted? Finance capital not wanting to pay “high” union wages is literally the main driver of manufacturing being in China and just in time manufacturing is to keep every possible penny moving. Be as mad you want but I’m not hearing any alternative theory of how we got in this mess.
- roenxi 6y agoIn the US, government spending accounts for ~40% of GDP. It is difficult to say what the ratio is for China because I don't know how to reconcile their state owned businesses with a western public-private model. But Wikipedia's list claims that their direct spending is 24% of GDP [0]. The opinions of free market capitalists aren't in the driver's seat of the US economy. Since the 70s the US has been transitioning to some sort of mixed model. [0] https://en.wikipedia.org/wiki/Government_spending https://en.wikipedia.org/wiki/Government_spending