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What a shocking final sentence!! "Current-day Ford Motor having to go begging to China - for a major, iron-based component needed to produce more cars - that i
by criley2 4y ago
What a shocking final sentence!!
"Current-day Ford Motor having to go begging to China - for a major, iron-based component needed to produce more cars - that is laughable, and beyond pathetic. In a dark, miserable sort of way, if you care about America or its future."
I could not have summarized it more differently. Vertical integration and monopolies are absolutely terrible in many ways. Globalization and inter-reliance are very good in many ways! The ideal system for everyone (workers, buyers, the business itself, the society it resides in, and the world itself) is probably a healthy middle point.
I'll go so far as to say this: if the US did not inter-rely on China over the past 30 years since they opened up their markets, with multi-national US corporations beginning to rely on various Chinese resources or products, then the US would be at a hot or cold war with China right now, just like they were with the USSR a generation ago.