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I think those companies still exist, but they exist in China. I might be wrong though. I just see the growth of China and decline of the US, and I cannot stop
by shp0ngle 5y ago
I think those companies still exist, but they exist in China.
I might be wrong though. I just see the growth of China and decline of the US, and I cannot stop feeling like those two are connected. But what do I know. People were afraid about Japan before.
- shadilay 5y agoChina like Japan has it's own problems. In the case of the US, offshoring of manufacturing surely played a part but greater than that is the financialization of the economy, decline of the middle class, and the capture of wealth generation in the hands of a few.
- freeone3000 5y agoAnd now the world's largest car manufacturer is Toyota, the biggest gaming providers are Nintendo and Sony, and Mitsubishi and Hitachi are important players in every industry. American manufacturing in the same industries are down. People seeing the growth of Japan and decline of the US were only wrong in a matter of degree.
- rsynnott 5y agoThe world’s largest car manufacturer (by units) is Volkswagen, FWIW.
- mark_l_watson 5y agoI wish that the USA would take advantage of where we have advantages: agriculture, the creative entertainment industry, and our rich cultural differences. To the last point: when I travel around the US, I feel like I am in different countries with different politics and cultures. I hope we learn to support and appreciate other subcultures. Except for top performers and people inheriting great wealth, Americans really need to adjust their expectations of what their material life will be. Happily, I see this in young people who aren’t buying into materialism and prefer life style, travel, etc. and realize that living within their means is better than long term debt.