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Omer عمر
Good Times Bad Times
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Comments by "Omer عمر" (@Omer1996E.C) on "U.S. Industrial Power Is Back." video.
At what cost? Higher prices, quite literally. This "Re-Industrialisation" won't work or be sustained EXCEPT until the industrial aid program is kept on spending (IRA), or if tariffs get exorbitantly high. Both parties will be serving the industry at the cost of low prices, and both in their unique ways.
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@ryanschrum9872 exactly, but it's not only about the "want" of the people, but also the prosperity of the United States. If purchasing power drops, investments and savings will fall, so other countries would have more moneynto invest in themselves, and we will lack capital here. We need savings and investments to thrive
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@DBLt4p those chinese you're talking about have +40% of their annual GDP invested, so they have alot of capital to use for investments, all because they have saving rate of +44% of their GDP. Investment is directly tied to savings Meanwhile, in the US, savings are 3.5% and investments are +20%, because it's fueled by debt, unlike china's savings fueled investments. This is a real issue. Chinese subsidies are not quite big enough to make such effects you're talking about
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@DBLt4p you're mostly right. My concern is not that china is better than the US, which I don't believe it is by most scales, but the fact that the gaps are closing quickly, even with china's low economic and population growth, it's still alarming. America is obviously number 1, how to preserve and protect that is my concern. I'm not saying china is better, but it might become, and it's not an insignificant possibility
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@blazer9547 we've said that before. Dominated the world from the hellenistic era, to the roman period. Took +1000 years to revive, and then dominated again, and history is a cycle
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