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D W
Inside China Business
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Comments by "D W" (@DW-op7ly) on "Cost of reshoring EV battery industry from China to US: $584 billion and an Opportunity Cost problem" video.
To be fair America did invest in China But to me the chance to turn things around for the USA ended in 1998 Back then mid 60% of the factories in China still had some sort of foreign ownership By 2008 that number dropped down to mid 30% And that was before the US subprime crisis that shuttered 100 thousand factories and put 27 million Chinese people out of work
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Catch 22 the USA has to wage those wars... In order to prop up that Petro Dollar and World's Reserve Currency status. Part of the reason they can borrow/print up so much money
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All that money that would have to be invested no guarantee of being able to compete
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Yes I forgot about that point
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So much push back from a certain segment of Americans... They maybe a minority but they are vocal minority
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Back in the late 1980s I warned about free trade Globalization and the rise of CCP China (before their GDP was even a blip on the radar) It was China can’t do this or China can’t do that … I must be a 50 cent army poster traitor against Capitalism
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This was a great find….
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