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I'm completely OK with American brands making Americans their primary target again.
by _chu1 2y ago
I'm completely OK with American brands making Americans their primary target again.
- bdjsiqoocwk 2y agoThis is loser talk.
- eptcyka 2y agoIf you want to grow, you target customers, not Americans or American customers.
- crossroadsguy 2y agoIs it some sort of MATA (with T standing for "Target")?
- jajko 2y agoUS is tiny. Sure, economy is currently a multiplier, but less than 5% of world population lives in US. If you are a bit smart and grok those numbers, you will leave such... non-smart opinions behind, or competition will steam roll you. Or don't, rest of the world deserves some good economical growth too, much more than spoiled west TBH.
- elzbardico 2y agoThe problem is that with giant trade deficits since the the Reagan Era, either Americans scale down their consumption habits by a lot, or America needs to export more. America can't rely on the global appetite for the US dollar and US Treasury Bonds forever to keep consuming what other countries consume. The Petro Dollar is not going anywhere anytime soon, but it definitely has a future expiration date. The global demand for the dollar and US bonds won't disappear tomorrow, but it will cool down somewhere in the future, and thus America can't let go of international markets, unless it wants to downsize a lot. And the problem with Downsizing is that due to the absurd levels of wealth concentration, the middle-class and the poor are really poorly equipped for such a thing. We are not on the 50's and 60's anymore when the US share of the global GDP was almost half of it, if we measure it using PPP, it is only about 15%, less than China. America can't just rest on its laurels, it needs to be globally competitive.
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- alephnerd 2y agoBy becoming completely insular, you lose the ability to innovate, as you cater to a subset of consumers and as such aren't being pushed to test the limits of the existing status quo. For example, look at what happened to Sony - they were a darling of the Consumer Technology space and the Apple of the 1990s-early 2000s, but because they concentrating on the Japanese market at the expense of the global market, they fell drastically behind in innovation. A similar story happened with Nokia, RIM, GM, etc as well. Competition from players like BYD, DJI, and Huawei has helped incentivize innovation in the Li-on Battery space (eg. Panasonic, Tesla), the low budget drone space (eg. Andruil, Skydio), and 5-6G sector (eg. Cradlepoint, Qualcomm) An insular America is an uncompetitive America. An uncompetitive America is a weaker America. A weaker America opens political vacuums from the Red Sea to Central Africa to Myanmar.
- GenerWork 2y ago>A weaker America opens political vacuums from the Red Sea to Central Africa to Myanmar. I'm 100% OK with this. If we need to become weaker in order to shrink the size of our military, then we should do exactly that.
- sigzero 2y agoThat is a less than smart attitude on it. I don't think you have really thought that through.
- dash2 2y agoThe resulting global conflicts will be painful for everyone, including the US itself.
- inemesitaffia 2y agoDeterrence is better than response. See Yemen
- flyinglizard 2y agoWould you trade geopolitical places with China?
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- hilux 2y ago56% of Apple's revenue is from outside the US. 38% of Boeing's revenue is from outside the US. 58% of Caterpillar's revenue is from outside the US. (Those are the first three companies I checked.) If American companies took the attitude "America #1, we don't need foreign customers," I don't think you would like the impact the resulting revenue loss would have on the American economy.
- bdjsiqoocwk 2y ago100% agree, than you. May I ask, where do you find those numbers? Did you actually go to their earnings reports one by one, or is there an easier way?
- FrustratedMonky 2y agoBut overall total trade deficit is still lopsided correct? I'm all for increasing exports. What markets are untapped where something could be made in US and exported.
- seanmcdirmid 2y agoApple doesn’t make much hardware in the USA anymore, so you have to count the software and hardware IP from the actually hardware/finished product, so accounting what percent of value for an iPhone is generated in China/other countries vs the USA. For Boeing it’s slightly easier, but they also have an international supply chain.
- mistrial9 2y ago> on the American economy looks upward for the trickling down implied here
- triceratops 2y agoAdd up the employees those companies employ in America and multiply that by their respective proportion of foreign revenue. That's the trickle-down.
- delfinom 2y agoAmericans are out of money and wall street needs to keep the ponzi of infinite growth going.