China is getting bad

[pentupentropy]

I heard this on NPR. It made me laugh. Apparently a lot of small businesses in China are going broke because they can't compete, like in America. The chinese business owner said he had to move operations to a cheap country. Life is irony =)

[RangerDanger]

Link= http://www.npr.org/templates/story/story.php?storyId=65080288

[k0n_]

This has a direct affect on America and other countries, its nothing to laugh at.

[Henkie]

This has a direct affect on America and other countries, its nothing to laugh at.

OK, if you're not able to stand the competition in a Communist country, that's funny. and in some way resembling iron.

[Mugatu]

Chong chook hour joobs! Maybe well finally see some toasters made in America again. My family comes from a long line of toaster craftsmen. You cant toast a meal without my fingers on your food.

[particlephysics]

I heard this on NPR. It made me laugh. Apparently a lot of small businesses in China are going broke because they can't compete, like in America. The chinese business owner said he had to move operations to a cheap country. Life is irony =)

The word is called outsourcing when your taking your business to another country

[PsiRedEye22]

This is the most condesending CE thread ever.

[Awesome-o]

This is the most condesending CE thread ever.

Yeah. And the post above yours has a hint of the semi-retarded.


And to contribute, China is a nation with a growing economy which is based upon its cheap labour pool. Once the economy is strong enough the labour pool loses value as they get higher valued wages. It makes sense for China to start outsourcing extremely early so they don't have the same blitz for it the United States did.

[pentupentropy]

I'd like to point out China's economic policy is not like regular communist platforms. Deng Xiao Ping, in his 40+ years as the minister of finance in China created more of a hybrid, which is a good part of why they are dominating the world from an economic standpoint. Of course the exploitation of their labor force doesn't hurt, either.

[Boomer]

Economically, China is even more capitalist than U.S. The level of market regulation is extremely low, resulting in very competitive market. At the same time, the lack of regulation allows rooms for manufacturers to take shortcuts and quality problems start to surface. In the next 10 or 15 years, alot of manufacturing job will leave China as their economy start to transition.

However, if you are hoping thte jobs will come back to U.S, you are dead wrong. The big companies will simply look elsewhere for cheap labour (i.e Indonesia, Vietnam, Cambodia, Burma or Bangladesh) instead of China.

[Awesome-o]

Economically, China is even more capitalist than U.S. The level of market regulation is extremely low, resulting in very competitive market. At the same time, the lack of regulation allows rooms for manufacturers to take shortcuts and quality problems start to surface. In the next 10 or 15 years, alot of manufacturing job will leave China as their economy start to transition.

However, if you are hoping thte jobs will come back to U.S, you are dead wrong. The big companies will simply look elsewhere for cheap labour (i.e Indonesia, Vietnam, Cambodia, Burma or Bangladesh) instead of China.

Sounds like 1984.

[DazednConfused]

Economically, China is even more capitalist than U.S. The level of market regulation is extremely low, resulting in very competitive market. At the same time, the lack of regulation allows rooms for manufacturers to take shortcuts and quality problems start to surface. In the next 10 or 15 years, alot of manufacturing job will leave China as their economy start to transition.

However, if you are hoping thte jobs will come back to U.S, you are dead wrong. The big companies will simply look elsewhere for cheap labour (i.e Indonesia, Vietnam, Cambodia, Burma or Bangladesh) instead of China.So why don't we adopt some more protectionism in our trading with these countries? If they aren't up to our standards then we should either A.lower our standards to balance things out or B. restrict or regulate trade with them until they change.

America doesn't have a responsibility to stop this crap, but we do have a responsibility to stop enabling them at the cost of our working class. Unfortunately, the only large group of people who seems to understand this are those who want to limit immigration, who are right to stand their ground on that battle but and are losing the larger war of globalization.

[McShady]

Sounds like 1984.

No it doesn't.

[Boomer]

So why don't we adopt some more protectionism in our trading with these countries? If they aren't up to our standards then we should either A.lower our standards to balance things out or B. restrict or regulate trade with them until they change.

America doesn't have a responsibility to stop this crap, but we do have a responsibility to stop enabling them at the cost of our working class. Unfortunately, the only large group of people who seems to understand this are those who want to limit immigration, who are right to stand their ground on that battle but and are losing the larger war of globalization.
Your method would be impractical. The big companies, who has by far the largest influence in politics, will lobby hard for the trade to continue on. Most of the time, they are the owners of those manufacturing plants in Asia. If they could get a pair of shoes make for less than 10 dollar and sell it in U.S. for 100, they will fight your attempts to restrict trade tooth and nails, and they will win in 99% of the cases.

Every politicians will say they will do something about it when election comes, but most of the time it's nothing more than empty rhetorics.

[Czar]

Sounds like 1984.

wtf does 1984 have to do with this?

[DazednConfused]

Your method would be impractical. The big companies, who has by far the largest influence in politics, will lobby hard for the trade to continue on. Most of the time, they are the owners of those manufacturing plants in Asia. If they could get a pair of shoes make for less than 10 dollar and sell it in U.S. for 100, they will fight your attempts to restrict trade tooth and nails, and they will win in 99% of the cases.

Every politicians will say they will do something about it when election comes, but most of the time it's nothing more than empty rhetorics.You're right but accepting such corruption is the absolute last thing we should do. Large companies have yet more power over America when we don't even force them to use it.