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China

(drewdevault.com)
847 points kick | 1 comments | 20 Nov 19 15:44 UTC | HN request time: 0.481s | 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]▶
> 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. novok ◴[21 Nov 19 03:59 UTC] No.21591327[source]▶
The rust belt is only one part of the american economy, and China is not the only explanation of their fall. The Canadian maritime use to be a fairly wealthy region, until the fish ran out. Now it's been like the rust belt for a long time and one of the poorest regions of canada.

Other parts have become ascendant, such as our software & service industries. The american auto industry also killed themselves, mostly because peaceful Japanese competitors out competed them.