Comments by "Louis Giokas" (@louisgiokas2206) on "Foxconn to Exit China? 5 Million Jobs at Risk, With $80 Billion in Foreign Funds Leaving" video.

  1.  @GeoScorpion  The first part of your comment has merit. The second part not so much. As far as contagion from a China collapse, the CCP itself has made sure it will not spread too far. Yes, there will be pain in the west, but it will not extend to essential goods. Even China's involvement with "high tech" goods is relegated to the low-end assembly process. Have you ever seen pictures or videos of an iPhone factory in China? Do you understand that most of the people working on assembling those devices are peasants? I have dealt with companies that moved such production to China, one having just previously set up a new production line in the US, and it is not a decades long process that will break the business. The other factor is that many, many companies from the US and the rest of the world, that produce in China do it at arm's length via contractors. These can either be the big guys like Foxconn or can be direct relationships with Chinese firms. Many small and medium size brands, and some large ones, are design and marketing enterprises. The manufacturing, and often the distribution, is done through contractors. That gives them the ability to change contractors when necessary. The isolation extends to the financial system as well. We hear these numbers of missed bond payments, etc. What is rarely mentioned in the press is the percentage of the various markets this represents. We are generally not told what percentage of various investment funds are exposed to this. In the few cases where I have seen it, the number is miniscule. Mexico recently surpassed China as America's biggest trading partner. The most important thing to remember is that, in the US and the "west" in general, while the government sets the stage, so to speak, it is private companies that do the work. This is China's, specifically the CCP's, great weakness. They want the government to control everything. Wow! The coffee is really kicking in!
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  2. Come on guys. You can do better than that. The Foxconn situation is not just another way for the CCP to get money by imposing fines, etc. It is based on two things. One is the political situation with the founder running for president in Taiwan. The other is punishment for Foxconn's participation in their customers' decoupling activities.
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  3.  @jmshwood2801  Thank you. I have been around for a while and am a bit of a foreign affairs junkie. After all, I was born in Washington, DC. I have also lived and worked abroad (although not in Asia) and have always been involved in such activities. Let's hope the "silent majority" you mention finds their voice. Let's also hope the people of China do as well, although I have less hope for that because of the CCP's policies.
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  4.  @playwelldowell8739  Good points! The only thing I would point out is that if you add up the GDP and military might of all those adversaries of the west you get something less than impressive. Much less. Why do you think that Europe and some of its former colonial possessions have controlled much of Asia, at least in economic, if not literal, terms over the past several centuries? The only Asian country to play in that arena is Japan, and only after they adopted European technology. The main thing they have is a surplus of people. That can often be more of a hindrance.
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  5.  @user-jy2ci5ox9v  At the rate the CCP is messing things up, we may not have that long to wait.
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