Comments by "Fredinno" (@innosam123) on "What if America Never Exported its Industry?" video.

  1. TBF, there is a ton of evidence China is in a massive economic bubble. Look at its RE prices in relation to wealth.
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  2. Usecriticalthinking ? I’m sure the economy was improved by not allowing people of your own nation to trade and connect with each other...
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  3.  @tntsummers926  H1B is one of the institutions Trump is against. Chain migration is useful so that people can actually raise families and integrate into American society, not to remain foreign workers longing to return home one day. He doesn't like immigration, period. He uses 'hard working' as an excuse. Otherwise he'd be using Harper-esque wealth-weighted policies.
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  4. BIRD MUST FEED And it still worked in the sense that it ended up reducing poverty and increasing overall prosperity (including the US to an extent, despite job losses in Industry-retooling tends to be a difficult process). The economic theories still held up. The problem is that cities and states, like in the initial wave of inner-city deindustrialization in the 60s and 70s, could not adapt. The most obvious early example of this is the fate of Detroit. Michigan as a whole did well while Detroit was unable to retool and collapsed. Not to mention those industries and businesses who benefited from free trade now have to deal with the consequences of its demise: https://shareblue.com/beer-industry-40000-jobs-trade-war/ The USA does subsidies its own industries and print enormous sums of money for various reasons. It can’t depreciate much due to its reserve currency status (along with the Euro). Complaining that this is unfair is kind of hypocritical- not to mention they increase government spending and reduce wages. Debt increased mostly out of tax cuts and spending (like the Bush tax cuts and 2008 stimulus package). The bubble economy is much more a cause of economic malaise in the USA, as debt and malinvestment wiped out people’s wealth.
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  5. Eugene InLaw They are. But they can't do anything significant about it when Chinese people literally have their life savings invested in RE, and municipal governments are making huge sums of money from the scheme.
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