China

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847 points kick | 1 comments | 20 Nov 19 15:44 UTC | HN request time: 0.732s | source

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novok ◴[20 Nov 19 17:11 UTC] No.21585835[source]▶

I don't think that the cheaper goods that China gave the world only benefited the %1, and actually has helped a lot people in america and the world.

I also don't think that the economic miracle that has happened in China is a bad thing, and they could of been more singaporean/south korean authoritarian vs. genocidal authoritarian to achieve it. I really want china to become another Japan or Korea eventually.

I do agree with you that China is basically a modern day nazi germany, pre WW2 at this point.

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ng12 ◴[20 Nov 19 20:57 UTC] No.21588427[source]▶

>>21585835 #

> I don't think that the cheaper goods that China gave the world only benefited the %1

I look at this from the perspective of the rust-belt. It doesn't really help that you can buy a Chinese-made couch for only $500 if you've long since lost your job at the furniture factory.

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1. mc32 ◴[20 Nov 19 21:29 UTC] No.21588753[source]▶

>>21588427 #

Exactly. People keep on saying people can “buy more” because things are cheaper! But that ignores the fact those people just scraping by having to work service jobs would rather pay more and have a job that would afford them raising a family.

I remember in public school, the janitor (before the whole title inflation took hold) made enough money to raise a family.

That doesn’t happen much any more. That job has been outsourced to cheap labor. Cheap because of two things people in mfg don’t have a job and will work for less and two low skilled labor coming in and adding downward pressure to wages.

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