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It's a concern, but a strong dollar isn't all roses and sunshine either. For one thing, it makes it hard for the American economy to compete in anything but the

It's a concern, but a strong dollar isn't all roses and sunshine either. For one thing, it makes it hard for the American economy to compete in anything but the highest-margin industries. I'm not convinced that the rise of China will be so bad. Boomers and neocons want us to think so, but their "arguments" are mostly just paranoia and sentimentality.

slt2021 5y ago
just look at the UK - lowering of living standards, wages, inflation across the board. this is what's going to happen to the US, but on much larger scale and worse consequences
xyzelement 5y ago
> I'm not convinced that the rise of China will be so bad. Boomers and neocons want us to think so You're not convinced that going from "living in the most economically dominant and militarily powerful country in the world" to "not" is going to somehow not be a painful experience? You can use the "I am not convinced" line for anything. "I am not convinced that being homeless is worse than living in a nice house" but... ok, what would convince you?
- civilized 5y ago
  What's the big deal whose GDP is bigger? You think China's going to invade us? Maybe it's good that other groups of people besides Americans and Europeans can make leading contributions to economic growth, science and technology. Maybe America's dominance is mainly good for the rich and those who like to invade countries on a whim. I don't care about either of those groups.
  - rayiner 5y ago
    A lot of our ability to simply ignore reality—e.g. budget deficits, or comically high infrastructure costs—comes from having the biggest economy and being the most attractive target of investment.
- kcb 5y ago
  Aren't you implying that every country besides the US is currently having a painful experience?
  - throw6746 5y ago
    Not the OP but these countries do have to put up with America's influence.
  - ClumsyPilot 5y ago
    Absolutely! When UK Parliament wanted Zuk to answer some tough question about his company facilitating electoral fraud, he simply refused to show up. Even first world nations struggle in dealing with American corporation, which often act as if they are above the law. God forbid you are a developing nation. British American Tabacco has taken poor developing nations to court for trying to ban children from smoking (!!) and got compenation and the law repealed https://youtu.be/6UsHHOCH4q8 https://youtu.be/6UsHHOCH4q8 I am not even mentioning illegal stuff: bribes, threats, drone strikes, strong-arming, etc. Even the EU was strong armed when it comes to GPS: https://www.theguardian.com/uk/2003/dec/08/world.internationaleducationnews https://www.theguardian.com/uk/2003/dec/08/world.internation... Those that think that American economic advantage was won in a 'fair game' are super naive
    - kcb 5y ago
      And yet the US is not #1 in pretty much any quality of life metric. The point is there are plenty of nations with varying degrees of US influence that are far from miserable or painful places to live.
      - Jensson 5y ago
        Living in USA will be more painful than it is now when USA no longer gets to import a lot of goods giving nothing in return. USA hasn't had a positive trade balance in half a century, people will want back their stuff at some point and that point wont be fun for the Americans.
      - deleted 5y ago

slt2021 5y ago

just look at the UK - lowering of living standards, wages, inflation across the board. this is what's going to happen to the US, but on much larger scale and worse consequences

xyzelement 5y ago

> I'm not convinced that the rise of China will be so bad. Boomers and neocons want us to think so You're not convinced that going from "living in the most economically dominant and militarily powerful country in the world" to "not" is going to somehow not be a painful experience? You can use the "I am not convinced" line for anything. "I am not convinced that being homeless is worse than living in a nice house" but... ok, what would convince you?

civilized 5y ago
What's the big deal whose GDP is bigger? You think China's going to invade us? Maybe it's good that other groups of people besides Americans and Europeans can make leading contributions to economic growth, science and technology. Maybe America's dominance is mainly good for the rich and those who like to invade countries on a whim. I don't care about either of those groups.
- rayiner 5y ago
  A lot of our ability to simply ignore reality—e.g. budget deficits, or comically high infrastructure costs—comes from having the biggest economy and being the most attractive target of investment.
kcb 5y ago
Aren't you implying that every country besides the US is currently having a painful experience?
- throw6746 5y ago
  Not the OP but these countries do have to put up with America's influence.
- ClumsyPilot 5y ago
  Absolutely! When UK Parliament wanted Zuk to answer some tough question about his company facilitating electoral fraud, he simply refused to show up. Even first world nations struggle in dealing with American corporation, which often act as if they are above the law. God forbid you are a developing nation. British American Tabacco has taken poor developing nations to court for trying to ban children from smoking (!!) and got compenation and the law repealed https://youtu.be/6UsHHOCH4q8 https://youtu.be/6UsHHOCH4q8 I am not even mentioning illegal stuff: bribes, threats, drone strikes, strong-arming, etc. Even the EU was strong armed when it comes to GPS: https://www.theguardian.com/uk/2003/dec/08/world.internationaleducationnews https://www.theguardian.com/uk/2003/dec/08/world.internation... Those that think that American economic advantage was won in a 'fair game' are super naive
  - kcb 5y ago
    And yet the US is not #1 in pretty much any quality of life metric. The point is there are plenty of nations with varying degrees of US influence that are far from miserable or painful places to live.
    - Jensson 5y ago
      Living in USA will be more painful than it is now when USA no longer gets to import a lot of goods giving nothing in return. USA hasn't had a positive trade balance in half a century, people will want back their stuff at some point and that point wont be fun for the Americans.
    - deleted 5y ago