Comments by "Louis Giokas" (@louisgiokas2206) on "No Foreign Orders! Factories Closed One After Another! Imports and Exports Both Drop in September" video.

@@user-pi3fc1qt1l I tend to agree with you. The same thing happened with the Japanese. At least the Japanese situation happened while we were still in the Cold War (I miss the Cold War) and there was still some geopolitical justification for it. That has been gone for over 30 years now, and we can see what has happened to Japan. China is another story. It was mostly just greed. Wall Street saw a big market. Fair enough. But, like the Japanese situation, the system was not open. Even to this day, it is hard for foreign companies to invest heavily in Japanese companies. There is a lot of expectation that it can all be moved to India and Southeast Asia. We should be cautious about that. India has stringent capital and ownership controls. If they don't start to relax them now, I feel that we will run into future troubles. At least there is a chance this could happen in India, but it is not certain. Finally, don't make such a big deal out of China being the world's factory. By around 1900 through the 1970s that was the US (note this is before the wars). Then it was Japan. Now China. This stuff moves around. And in China's case, unlike Japan, and to an extent Korea, they have not moved up the value chain. No, China squandered its own future by being a bad actor. They deserve what they are getting.
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@srj607able Great story. Thanks for sharing. That reminds me. At one time I had a range at an old Army base. My ex-wife used to volunteer at a thrift shop, and they got lots of toys from happy meals which they really couldn't sell. A lot of them were the low-end furbies, made in China, of course. So, on Friday afternoon, after a long week, I would say to my staff, let's go kill some furbies and they knew exactly what I was talking about. Of course, the guns were of larger caliber and varied. Those things really blew up.
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You cannot exonerate the people in China. They, as individuals, and private businesses have been stealing IP and engaging in corrupt business practices since the beginning. I have seen it up close in a role advising US companies. It is frankly disgusting. Don't forget why the peasants supported the commies. They were promised free land (yeah, how did that work out?) which was to be taken from those among them who were successful. Mao was just one warlord among many in the period before the Japanese invasion. This is what the peeps in China support. Not really admirable.
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