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China has a very surface economy. America has a wide number of skilled labourers, not just in the prominent professions like engineers and doctors, but also thi
by markessien 18y ago
China has a very surface economy. America has a wide number of skilled labourers, not just in the prominent professions like engineers and doctors, but also things like human resources, accounting, etc. There is massive skill value in the U.S, and even if there were a total destruction of the money markets, the skills are not going anywhere, making it very easy to recreate industries. China does not have the same - they have a large quantity of unskilled labour.
Most electronic components are produced in China. If China decides to increase their currency, their electronics will get expensive, and phillipines, malaysia, thailand will be happy to take over this role.
Political unrest is really the least problem we face right now. Since I was born in 1980, I cannot remember a time when the news had so little conflict.
I'm not saying the U.S is perfect, the U.S has big problems. What I think the root cause of the problems is is that a lot of power is given to big companies. It's a sort of self-sustaining monopoly. Americans are now looking upwards - look at big VC companies to give them money, look at corporations for jobs. Small to medium business should be the backbone of any company, not massive shareholder companies.