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  55. China can produce 28nm DUV lithography machines with 100% Chinese suppliers as of last year. There are very few countries in this world that can produce their own DUV lithography machines in this world. With every passing year, China will be producing more advanced DUV lithography machines, which means they will not have to buy Japanese and Dutch lithography machines in the future. Tsinghua university is developing a SSMB EUV light source, and this will enable China to produce 3 nm, and 5 nm chips in the future. It is actually a EUV lithography cannon. China has 14 nm lithography machines, and they can technically produce 7nm chips by using multi patterning. The yields are lower, but they can produce 7nm chips by using this method. China can produce 14 nm chips with their 28nm DUV lithography machines with multi patterning. As of today, China can produce, automotive chips, RISC processors for smartphones/mobile devices, chips for military equipment, X86 chips, 5G chips, etc. China produces 4 million engineers and scientists every single year while the US produces about 400,000/year. Producing something like a lithography machine is difficult, but if you have many scientists and engineers in the fields of optics, chemistry, electronics, electrical engineering, lasers, etc it will be possible to achieve those goals in the future. The outcome of all of this is, US semiconductor companies losing market share in the biggest chip market in the world. This will mean, US semiconductor companies will have less money to spend on R&D to produce better chips in the future. At the same time, Chinese semiconductor companies will make more money, and spend more of it on R&D producing better and better chips. Like Kevin said, those Chinese semiconductor chips will be selling their chips in the global market which will take more market share from US companies.
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  1008. It isn't about replacing the dollar with Chinese Yuan, it is all about having bilateral trade. People can buy real things with Chinese Yuan. Let me give you an example of Chinese production capacities. ________________________________________ Steel Production (2022) China: 1,032.8 million tons (1st place) USA: 86 million tons ________________________________________ Titanium Production (2021) China: 3.4 million tons (1st place) Kenya: 253,000 tons (10th place) ________________________________________ Aluminum Production (2022) China: 40 million tons (1st place) USA: 0.860 million tons (9th place) ________________________________________ Car Production by Country (2021) China: 26.08 million motor vehicles (1st place) USA: 9.17 million motor vehicles (2nd place) ________________________________________ Rare Earth Minerals (2022) China: 210,000 Metric Tons (1st place) USA: 43,000 Metric Tons (2nd place) ________________________________________ Ship building by country (2020) South Korea: 49.6 million tons China: 43.9 million tons Japan: 13.005 million tons All other countries: 5 million tons (The US isn't even in the top 10) ________________________________________ Back in 1971, the US was the leading producer of steel, rare earth minerals, electronics, automobile, aluminum production and everything else. After World War 2, the US produced more of everything, and during World War 2, the US beat the Axis powers and was able to supply its Allies, which helped the Allies win WW2. This is why the US dollar became a world reserve currency after World War 2. Today, most of what we do is sell debt to other countries. People can simply cut out the middle man and trade with their own currencies.
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  1030. It wasn't just outsourced many more were simply automated out of existence. Back in the 1960s, you had people working in a factory stamping parts, doing repetitive things over and over again, or doing a task like picking up something from a conveyor belt and putting it in a box. Starting from the early 1980s, you had programmable computers, microcontrollers, robotic arms, and other machines that got ride of all those repetitive jobs. The digital age started in the mid 1970s. The more labor intensive jobs no one wanted to do, like making clothing, cleaning fish, and non essential stuff was outsourced. At the present, the white collar jobs are being threatened by artificial intelligence with stuff like ChatGPT. Factory jobs do exist, but we don't need so many factory workers today. With the current level of technology, one industrial worker can do the job of 10 to 15 people. As a result, we don't need so many people working in factories. For example, in a soda factory, the entire process is automated. In a brewery, the entire process from brewing the beer to packaging the beer is automated. Car plants are automated, sure we have workers, but we need less workers that produce 5 to 10 times more. This means we need 5 to 10 times less people working in those automotive assembly plants. Humans are becoming redundant. Ask any employer, company, or corporation if they wouldn't replace people to make more of $$$$$, and more than 80% will say HELL YES!!! Job cuts are coming for the white collar jobs, like job cuts came for blue collared workers in the 1980s and 1990s.
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  1061.  @spiritualanarchist8162  There is a reason why a lot of people are angry, and the main reason is that the lives of most people aren't improving. I grew up in the 1970s and 1980s, and I experienced the decline in the standard of living first hand. First it was this Reaganomics BS about this trickle down economics, and a lot of people who experienced it know that it didn't work. The public educational system starting from the 1980s started to go downhill. In the 1970s, only the man of the house had to work. In the 1980s through the 1990s, the husband and wife had to work. This kind of change not only happened in the USA, it happened in other developed/industrialized countries. The printed circuit board became mainstream in the mid 1970s, and this gave rise to programmable computers and micro controllers. This was used in industry, and may people got displaced all over the world in the 1980s to the present. In addition to that, you had outsourcing of jobs to countries where the cost of labor was much less than in developed countries. As a result of all these factors, you had a decline in the standard of living. People had to get into debt to buy what they were able to buy. You had the rise of credit cards in the 1980s to the present. Since a lot of good jobs were outsourced or automated out of existence, people had to use stuff like credit cards or debt to buy things. After that, they inflated the dot com bubble, and the asset bubbles in equities and stocks. We had student loan debts balloon, and the cost of college/university education sky rocket in the 2000s. As a result of blowing asset bubbles, the price of homes became expensive for many, so they had to get a mortgage to buy them. Putting people into more debt. At the same time, the economy didn't have enough good paying jobs. Instead, the economy provided more part time, and low wage Gig type of jobs. This is where we are at, a lot of people heavily in debt, paying high rents, and not having a lot of savings. To compound that, you have this Covid-19 pandemic which makes it even worse. The government isn't helping the people, so people are angry.
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  1087. The gold and dollar cannot rise together, they are inverse of each other. When the dollar is weak, commodity prices and gold go up. When the dollar is strong commodity prices and gold go down. After 1971, the US government took the US dollar off the gold standard. In 1973, the US government made a deal with the Saudi government to get them to sell their oil in dollars, and no other currency. Russia is a big oil producing country, and they are taking other currencies for their oil, like Indian Rupees, Chinese Yuan, and even taking Russian Rubles for it. You have Saudi Arabia talking about accepting Chinese Yuan for their oil. The West doesn't have a lot of resources, the only power they have is in the financial industry. What will happen when all these countries that produce a lot of the worlds resources decide to trade in their own currencies by doing bilateral trade, or use a basket of currencies to conduct trade? These countries that produce resources have a place to go to, they can sell their resources to China which is a major industrial country. These resource rich countries might be technologically backward, so they have a place to buy finished goods. They can buy the finished goods from China. China and India have a combined total of 2.8 billion people, so they can easy soak up the resources, like oil, natural gas, copper, aluminum, tin, iron, etc. They just have to change from a exporting economy to a consumption based economy. They can raise the standard of living of their people, and starve the resources to the West.
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  1151. You can believe in Bitcoin and Cryptocurrencies all you want, but I am not going to pay $16,000 per Bitcoin. If anyone is dumb enough to buy it at $16,000/BTC you are taking huge risk. There are no guarantees the price of Bitcoin will go to $1,000,000/BTC. The only people who are promoting this are the ones who want you to believe in it, so you would depart with your money. Fiat currencies are used everyday by almost everyone in every country to buy and sell things. In the United States of America alone, there are hundreds of millions of dollar transactions per day. That comes out to 1500 to 3000 transactions per second. In the world, you have billions of transactions with fiat currencies per year. That would be about 69,400 to 90,000 transactions per second. You telling me a inefficient system like Bitcoin which uses a enormous amount of energy, like it uses as much energy as a country like Nigeria. This energy efficient system which can at max do about 20 transactions per second, or 1,720,000 transactions in a day can be used as a global currencies??????? If Bitcoin in its current form was used as a global currency to replace all fiat currencies, you would have a serious shortage of energy. Governments will shutdown Bitcoin mining operations which disrupt power directed to essential things in the economy. Fiat dollars have value, because government have the ability to tax assets and land. If you want to buy or a rent a place to live, it will be go through fiat currencies. If you want to get a loan to buy real estate, it will be bought in fiat currencies. If you want to rent property, it will be paid for in fiat currencies. If you own and land, the taxes will be paid in fiat currencies in the form of property tax which must be paid every year. I am advocating people invest in Wall Street, people can do whatever they want with their money. I don't want to see people get hurt and lose everything they have believing that Bitcoin will go to $50,000, $100,000, $1,000,000 per Bitcoin. Making such claims can cause foolish people to sell everything they have to take such foolish risks.
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  1231.  Wado Waleli  My father always watched FOX News, and listened to right wing radio stations, like Sean Hannity and others like him. I used to watch FOX News and listen to right wing propaganda radio stations when I was in my mid 20s. After seeing what Republicans do, and what they preach don't seem to line up. It is just hypocrisy, they will loot the government and enrich their associates and themselves at the expense of the people. Right wing propaganda are not based on facts, they are fear based. If you really think about it, what contributes to the general welfare is very important. Not many people want to see a lot of homeless people in the streets, people don't want to be victims of crime, people don't want to get contagious diseases, people don't want to be exposed to pollution, etc. Right wing policies did more to impoverish and ruin the overall quality of life. For right wingers, the solution to crime is buy guns. Build more prisons, and hire more police. This isn't a solution. If people were well educated, had good jobs/careers, and lived comfortable lives they wouldn't be committing crimes. Investing in public education, and creating jobs and opportunities for people. Right wingers see homeless people, and push for laws in cities and counties to arrest people for vagrancy. That doesn't stop more people from becoming homeless. When it gets out of control, those laws will not even work. They simply choose to ignore that the problem even exists. The solution would be to make a law to prohibit investment firms from owning too many homes, or make these investment firms pay a very high property tax for owning more than 3 homes. That would prevent them from jacking up the price of real estate. The right never gets at the root of any problems that is why right wing ideology is morally bankrupt.
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  1359. @Motorcitymadman I have bad news for you. The Federal Reserve will not let banks collapse. If a bank does go under, the Federal Reserve just takes it over and re-capitalizes it. Back in the late 1980s, a lot of banks collapsed due to the saving and loans scandal, and the bank my father banked with collapsed. The FDIC gave my father all his money back in a couple of years. I know a lot of people are hurting economically, and they are frustrated that they aren't getting anywhere economically. They want to escape in a world of fantasy and that genre being the prepper collapse cult. Believing that if the system and civilization totally collapses, I will not have my creditors hounding me everyday, and I will be free. You're debts will stay with you for the rest of your life. If you don't pay your mortgage, the banks will use the law enforcement to evict you from your home with a foreclosure. If you don't pay your property tax, the county will put a lien on your home and seize it in a few years. Banks will get bailed out, because everyone depends on it. As for you, no one gives a shit about you, not even Donald Trump. That is the reality. For most of you who are heavily indebted, your future is very clear when all the bubbles pop. You will lose your livelihoods, you will lose your home, lose your car or cars, lose your wife, lose your kids, and live in the streets. There will be no total collapse scenario where you get to use your Ar-15 on hoards of people. Once you lose your home, all the preps you made will not mean anything. Where are you going to put all your guns, ammo, gallons of water, stocks of food, and equipment. Are you going to put it all in your shopping cart. Preppers think they are smart, but I think they are the biggest idiots out there.
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  1501. Darius Truxton, you people don't believe in real scholarship, real journalism, real science, real medicine, real fiance, or in facts. You make up conspiracy theories, like bankers are evil, vaccinations are bad for you, buying Alex Jones medicines will cure or treat medical problems, global warming does not exist, there is a Illuminati conspiracy for world domination, the deep state, etc. There is a reason why we go to universities and colleges and study, the physical sciences, economics, history, law, political science, pharmacy, engineering, finance, dentistry, mathematics, architecture, computer science, journalism, and other things. We go to university to study real things. If you go to the emergency room, a ER doctor has the skills and knowledge to save your life. Journalists site all their sources, and they report the news based on these sources. Alternative media doesn't site sources accurately, and in a lot of cases they make stuff up out of thin air. That is not real journalism. Alex Jones making claims that his fake medicines treat or cure diseases is snake oil 101. If a medicine is to be approved for sale to the public, it has to go through the FDA and be tested. When you come up with theories as a scientist, you have to prove your theories in experiments. You quacks believe the whole system is evil, because they don't believe what you believe. In fact, we don't have to BELIEVE anything, we just have to know the facts. Just because you don't like the facts, and just because you refuse to believe in it does not make it false. This is why you morons never win in court. You believe it is true, but you can't prove it with evidence or facts. The F.B.I. has the evidence and the facts to make a case, and they won't be doing it because they don't like Donald Trump. The F.B.I. can get everything they need from other Federal agencies. If they want to get Donald Rump's tax records, they can go to the IRS and get it. The IRS in turn can get all of Donald Rumps bank records. If Trump thinks he can get away with this bullshit, you are wrong. They have to follow the money trail, and if the bank records show Trump took money from Russians they can find a lot more.
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  1520. There are a lot of things in the horizon that will lead to more unemployment, like artificial intelligence, a good example is ChatGPT, kiosks employed in movie theaters, fast food restaurants, bus stations, train stations, airport self check ins, hotels, warehouse robots, robotic equipment in manufacturing plants, AI used in call centers, AI used in customer service centers, etc. All these things are going to lead to a reduction in employment. If one person can do the work of let's say 3 to 5 people in a company using something, like ChatGPT or some other kind of AI algorithm then it will lead to 3 to 5 people being laid off. You cannot very well stay at a company just standing around can you? These people would be let go. There is a lot of things that are happening now which is going to shape the future 1 or 2 years down the line. We have geopolitical shifts which is causing interest rates to rise, inflation, currency devaluation due to de dollarization, climate change, war, etc. The US still has trade deficits with China, but China stopped buying US treasury bonds. This in turn is causing interest rates to rise, right? If China was buying US treasury bonds, it would lead to lower interest rates. Instead of buying treasury bonds, they can just buy up commodities and that causes the price of commodities to go up in price. You have de dollarization which is causing the value of the dollar to go down in value, and this is contributing to inflation here. We have a reduction in global trade due to sanctions, like the chip ban on China. As a result, companies, like Intel, AMD, Qualcomm, and others have a glut of chips they cannot sell. This is causing those companies to lay people off as a result. People get laid off, this affects the local economy, because those people lose their jobs, they lose their homes, they can't spend money in the local economy. This causes tax revenues to dry up in that locality. The businesses in the local area lose customers which causes those businesses to close down or lay people off. Inflation is causing people not to spend money on things they don't need. As a result, you are seeing the ripple effect of store closings, reduction in hours of work, and layoffs. Companies like Best Buys, Bed Bath and Beyond, Foot Locker, and others are closing stores. Amazon reducing the number of employees, they are closing distribution centers, etc. When you don't have a employment then you can't make your mortgage payments. This will lead to foreclosures in the future. It's inevitable.
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  2018.  @italythroughmyeyes  Sorry to hear about your husband. Living in this economy, you really cannot expect any kind of stability. If you expect a stable and happy life, you will get disappointed. For me, I grew up with change, and pretty much witnessed it when I grew up in the 1970s and 1980s. When people fail in business, or lose their jobs. People fall into despair, and they turn to drugs or alcohol. They become self destructive. The pace of change in the last 40 years has been rapid. From the 1980s, we had a lot of good jobs get automated out of existence with programmable machines. We had a lot of deregulation of the Sherman Anti-Trust Act of 1890 with Reaganomics. This caused big businesses to grow bigger, and a lot of small and medium sized businesses got decimated. In the 1990s to the 2000s, we moved to a service oriented economy with a lot of Mc jobs. From 2009 to the present we have the era of the Gig economy. People get paid very low rates to be independent contractors with smartphone apps. To make it these days, you have to be pretty multi-faceted. I work 3 part time jobs, 1 as a computer technician, another one as a software developer, and the 3rd as a electronic file clerk. I also do a lot of things on the side, like selling stuff on Ebay/Amazon/Craigslist, doing affiliate stuff, making websites for people, selling computers + computer services, etc. Even by doing all this, I am just getting by. I guess, the more education and skills will make your life easier, but for people who don't will have a very difficult time. I am about 44, but I have to constantly learn new things. I need to learn new programming languages, I need to learn about the new computer technology that is out there, I need to learn about different operating systems, learn about single board computers, learn about new types of micro controllers, learn about the economy, etc. This is why you have so many dysfunctional families, and substance abuse these days. The difficulty of trying to make ends meet is so much harder now then it was compared to 50 years ago.
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  2042. Hilbert's Inn, they are not a fad. I am not that young, I am about 42, and I lived through the technological transitions. First used Apple II based systems in the early 1980s, used computers that didn't have graphical user interfaces, used Dos and Unix based computers with no GUIs(graphical user interfaces). Computers have caused a lot of disruptions in the 1980s. Programmable robots replaced hundreds of thousands of automotive workers in the 1980s. Most of the factories in the USA are highly automated, they employ a fraction of the people they employed compared to the 1950s. I work in the computer field, I program devices, computers, controllers, etc. I setup servers, setup the network for offices, etc. Computers are a integral part of the modern world. Information can be accessed in seconds. No need for physical file cabinets. All the information can be accessed in a centralized location or on a cloud network. No need to remember file locations, everything can be sent with a computer entry on a menu. I understand why a lot of older people are against it. It is all a progression of technology. From clay tablets and stylus, paper and ink, printing press, punch card based storage, and magnetic storage devices and programmable computers. Each innovation being more efficient and effective than the last. The computers, work stations, and servers aren't a fad. They are a integral part of everything now. For example, a nuclear power plant is highly computerized. The traffic network is also computerized. The power grid is computerized. The water infrastructure, like the pumping stations are computerized. Factories and manufacturing plants are computerized and automated. People using smartphones is not fad, it is actually practical. The smartphone is a communication device to call people, text, and check my emails. It is also video camera, and a digital camera. It is a memo pad. It is a GPS device when I enable navigation. It has internet capability, so I can search for the nearest hotel if I need it. A fad is something like Bitcoin or cryptocurrencies, a thing that doesn't have much utility which is speculated. Something that has utility is not a fad.
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  2246.  @basook6116  Like all empires in the past that behaved in this manner all fell by the waste bin of history. The collapse of any civilization happens from within, and those fracture eventually leads to collapse. It happened many times in history. In order for you to have a strong country, everything within the country should be strong, like the educational system, the infrastructure, the economy, culture, scientific achievements, etc. The U.S. may think they can dominate the world forever with their aircraft carriers, but technology always changes. Just like the Roman legion became less effective against the cavalry armies of the Goths and Huns in the 4th century. Some engineer or scientist will figure out how to make a ballistic or hypersonic cruise missile to take out a aircraft carrier. During the 1st Gulf War, the US had a technology edge when it faced off against Iraq. In the present, US armored forces have no such advantage. Most major powers have thermal optics, night vision, GPS, sophisticated tanks with advance fire control systems, advance radar on aircraft, advanced ground based radar, electronic warfare equipment, and everything the US has. If all out war breaks out, the only thing that will matter is who can produce more. If China or Russia could produce 15 main battle tanks for 1 Abrams tank the US can produce. It doesn't take a rocket scientist to know who is going to win. Sure, the Abrams tank might be a little better, but tanks aren't invincible. Tanks have weak spots, the sides and the rear of any tank has less armor. China and Russia might lose 3 to 4 tanks for every Abrams they take out. Just like in World War 2, the Nazis had better tanks than the allies. The Soviets and the Americans could produce 20 tanks for every Tiger or Panther tank the Germans could produce. Eventually the allies won that conflict.
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  2287.  @shobvious  Capitalism leads to monopolies, I'll give you some examples. Back in the 1920s to the 1960s, you had a lot more automobile manufacturers than you have now. You had Studebaker, Hudson Motor Co., Packard Motor Co., Crosley Motors, Kaiser-Frazer Corp, Tucker, Nash Kelvinator Corp, etc. Now you have Ford, GM, & Chrysler-Fiat. Companies merge, and larger corporation buy out smaller competitors. Back in the 1980s, you had a lot of different computer manufacturers, like Atari, Commodore, Radio Shack, Tandon, Texas Instruments, Zenith, RCA, Leading Edge, Packard Bell, e-Machines, Gateway, Everex, General Electric, Amstrad, Hyundai, Compaq, Leading Technology, CompuAdd, Bell & Howell, Sinclair, Elonex, Mitsubishi, Philips, Xerox, and many more with their own operating systems. Fast forward 30 to 40 years, you have Apple, Hewlett Packard, Dell, Asus, and Acer that manufacture whole computers. On the parts side, you have AMD and Intel that make the CPUs/processors. On the operating system side, you have Microsoft that dominates this aspect of the PC business. We do have other operating systems, like Linux, but not many people use them to software limitations. Capitalism will lead to mergers, and monopolies. This is why we have monopolies now. It takes a lot of capital investment, and know how to start a car business, a brewery, silicon wafer foundry, etc. You can say the same about land, you have big corporations with a lot of money, like McDonalds that bought up a lot of land. You have hedge funds that bought up a lot of land and caused the price of real estate to go up. Again that is another example of a monopoly. Lobbies are part of the capitalist system, companies make money, and they pay politicians to do their bidding. It was that way in the 18th century, 19th century, 20th century, and the 21st century. You will continue to get screwed by the people who have the money, and power who will use their wealth to get an advantage. It has always been that way in the capitalism, and it will not change. Most people will buy from Amazon corporation, because they offer very inexpensive products. They will continue to drive Uber, because they offer very cheap fares. Many Americans will continue to shop at Walmart, because they offer competitive prices. You can complain about all you want, but you aren't going to change it. In capitalism, people vote with their money. I don't care if you believe in mom and pop businesses, most people will not go to them because they don't offer the best prices.
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  2356. Zeihan doesn't know anything, he just makes stuff up. This idea China is going to go down because of demography is false. We have technologies that will replace millions of jobs in the near future, like AI, and automation. The CEO of Nvidia Jensen Huang said, “everyone can be a programmer". What he is implying is, you will be able to tell the computer what you want it to do with simple English. You don't have to learn programming languages to do that in the future. One of my friends back in university was a computer science major, and he told me in the future people will not have to learn programming languages. I said why? He said, because computers will be able to understand human language. He also said, computer programming is basically about telling the computer what you want it to do. We will have robots, and robots can be trained with AI by demonstrating what you want it to do, like you would do with a human worker. If and when that happens, you will not need to have 5,000 people in a company. You will be able to get the work of 10 to 15 people done with one person, so that labor for will be more like 333 to 500 people. If you don't think big corporations in the U S and other countries won't employ this technology to replace millions of people then you don't understand how corporations work. Corporations exist to be efficient. Efficient in the way of employing technology, machinery, and equipment to increase profitability. All this population growth will be a burden on the economy, because you will have millions of people who aren't contributing to the economy, because they are redundant. It will drain the social security system, state resources, municipal resources, and the national economy. It isn't about having a huge population, it is about having a highly educated, and highly skilled work force which is more productive than having tons of people.
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  2524.  @helengarrett6378  Privatization was introduced back in the 1980s with the Reagan administration, and it has been a disaster. Look at the problems we are having now, like private prisons, private military companies, privatized roads/bridges/ports/airports, privatized railroads, privatized public utilities, etc. Capitalist entities only care about making profits, so if they get a hold of let's say a power plant, they will artificially try to create a shortage and jack up the rates. They did this in California when California had an electricity crisis in 2000 to 2001. Power companies created a shortage to rip off the public. You had the Texas power crisis of 2021, the power companies in Texas jacked up the rates to the point that people couldn't afford it. Look at the railway accidents we are having now, trains carrying toxic chemicals that get derailed, because greedy corporations find it more profitable to use hundreds of train carts which makes it more unsafe. It is more profitable to transport more carts on a single train, but more train carts makes it more difficult to stop and more prone to accidents. You have private corporations and companies that collect tolls on roads, bridges, ports, and other vital infrastructure. They keep raising the rates every year, give most of those profits to the administration of those companies, but don't invest much of the money in maintaining and improving the infrastructure. Private companies should not be able to monopolize things that can be monopolized. A road being monopolized? Everyone has to use that road. Water being monopolized? No one can monopolize a bakery, a store that sells stuff, a company that makes toys, a company that makes clothes, a company that makes electronics, etc. Why? Because anyone can do it.
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  3047. Casey Sasaki Your right, the average person and small businesses are being screwed, because American workers cannot compete with prison labor, or laborers from 3rd world countries. Unfortunately, capitalism is all about paying the least amount of money, and getting the greatest amount of profit. The worker is sacrificed in the name of profit. We live in a global capitalist free market system, big business will move the jobs where wages are the lowest. In the future, they will probably use machines to replace foreign workers and workers here in the U.S.A.. That is the trend, and there isn't a damn thing anyone can do about it. Cashiers in retail stores will be replaced with automated self checkouts, you have translation software that replace translators, you will have self driving cars replacing truck drivers and delivery people in the future, automated factories replaced many jobs in the past 30 years, machines will replace fast food restaurant workers in the near future, the internet will allow companies to eliminate the middle man because they can sell directly, the internet displaced many brick and mortar stores, you have speech recognition software that replaced many customer service reps, ATMs are open 24/7 and now you can even deposit checks without a human teller, all the automakers put computers in their cars so only the dealer can service cars displacing small mechanics, and many more jobs will be made redundant due to automation and technology. If you don't have assets which are economically viable, you are screwed. You will have a two tier society which will consists of only the rich and the poor.
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  3267. In this day and age, human work isn't very valuable anymore. A lot of tasks can be replaced with computer algorithms. For example if you call a bank, there is no human being answering the phone, it is done entirely with voice recognition software and a computer program. In the near future, you will start seeing automated , or self driving cars. This will put millions of people who rely on driving, like truck drivers, taxi drivers, and Uber/Lyft drivers out of work. I work in the computer field, so I have plenty of work automating processes. Whether that be setting up a server, writing code, setting up a network, etc. After it is all said and done a couple of people in that company are no longer needed as a result of what I did. The company is more productive and less people are needed. Email would be a good example. Paper mail is no longer required anymore, because people can send mails at the speed of electrons to anywhere in the world. As a result, 250,000 postal workers were replaced in the last 13 to 15 years. Post Office sorting facilities use conveyor belts, lasers and computers to scan packages and mail, this replaced many people as well. People aren't used to sort out mail and packages anymore, it is entirely done by a automated system using computers. In most offices, you can have a completely paperless system. This will eliminate the filing clerk, because a computer can be programmed to send files from the fax server to the file server. All these are connected to a computer network, and staff can access these files in seconds. Mobile banking makes it easier for everyday people to make deposits by using their smartphone. They can make a deposit with their smartphone in a few minutes or less. They don't have to go to the bank, they waste their fuel getting there, and they don't have to waste time going there. It is a lot cheaper for the bank to use mobile banking, it costs much less per transaction than with a human bank teller, or a physical ATM machine. Who needs paper money by the way, you can use your debit card to buy whatever you want. No need for paper. If you really do need cash, you can use an ATM machine at any of the bank's branches. A lot of people are working at fast food restaurants not out of want, but they are doing it out of necessity. Most routine jobs will be replaced in the next 10 to 15 years. When you have quantum computers becoming more mainstream for big companies, more people will be let go. These new quantum computers aren't like your binary computer we have now. I am sure, they can replace higher skilled tasks as well. In the future, you will have computer programs that can write its own code by the employer just telling it what it wants.
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  3314. Michael Cowling How many people make a living on government spending???? I'll name them all.... 1. Medical Doctors who get medicare money. Medicare is a big part of Medical Doctors incomes. These doctors hire many people in their practices. They hire nurses, office staff, managers, & physician assistants. If you add up all these people who are on the Medicare payroll, you are talking about millions of people. 2. Engineers of all types. Mechanical engineers, electrical engineers, aerospace engineers, software engineers, structural engineers, and others who work in the defense industry. In addition to that the technicians, the technologists, and workers under them. All defense spending is funded by the Federal government. You also have the sub contractors who build the parts for the aircraft, tanks, armored personal carriers, armored infantry fighting vehicles, howitzers, trucks, hummers, helicopters, etc. 3. Food retail outlets. 50 million people on food stamps spend a lot of money in grocery stores, and other retail food stores. Millions of people are hired as a result of it. The people who work in the stores, the warehouses, the food processing plants, and the farms who grow it. They all make money and hire many people to grow it, process it, package it, ship it to warehouses, ship it from the warehouses to the stores. 4. Many people are hired directly by the government as well. They can be teachers, firefighters, soldiers, social workers, law enforcement, judges, bureaucrats, professors, researchers, prison guards, postal workers, etc. All of these people buy stuff, like fleets of automobiles, tons of office equipment, munitions, office supplies, etc. As a result, millions of people who are indirectly tied to them have jobs who sell cars, computers, toner for printers, office furniture, firearms, munitions, construction, etc. The Federal government is responsible for keeping our economy afloat.
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  3318. Michael Cowling The greatest advancement of America's prosperity after the US won WW 2 from 1946 to 1965. All the new technologies developed and captured from the Axis were incorporated into the economy. Technologies, like the jet technology, composite materials, petro-chemicals, transistor, microprocessors, CRT TVs, radios, all kinds of electronics, microwave ovens, radio frequency devices (cell phones), etc. Where would we be if we didn't have synthetic materials like plastics? Corporations can monitor people from 20,000 miles away with computers networked with cameras, they can send orders via the internet, manage the entire operation from anywhere in the world, have it shipped from the other side of the world to ports, & have it shipped to anywhere in the world. Beautiful isn't it? At the same time, the cost could be brought down to where everyone could afford it. Globalism is a great thing. Stop comparing the USA to the Soviet Union. The U.S. economy is a mixture of state capitalism and free enterprise. "The unspoken cost that you are ignoring is that all these people that are selling things that people don't want to purchase, are not producing the things that people actually do want and need because the government has decided that there SHOULD be more demand for these superfluous things. ". Corporations and business produce things that people want at the lowest price possible. The governments don't dictate supply and demand unless we are at war. Then, the government sends orders for a firm to produce a X number of trucks, small arms, munitions, aircraft, helicopters, ordinance, howitzers, utility vehicles, armored personal carriers, infantry armored fighting vehicles, main battle tanks, parts for vehicles, etc. That's why a lot of companies become extremely wealthy during war time. Government only orders what it needs in peace time. "Before you go for the "the people don't want food?" bit, I am going to go ahead and cut you off. We use government funding to pay farmers with the Farm Bill. This results in us generating roughly twice as much food as we need in this country. That is nice because we haven't had to worry about a food shortage in a long time. So, why are farmers still charging money for food if the government is already giving them so much?" False. The government pays farmers to produce less. This was policy came into being during F.D. Roosevelt's administration of the 1930s. The government doing this, the government doing that. You have no evidence to back up any of it. You have to lie to make your point. You conservatives are lying Nazi scum.
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  3336. David Walsh They are misleading people. Gold and silver aren't money anymore, they are commodities. They have this religious devotion and believe paper money is worthless. Even though paper money is very hard to earn, it is worthless in their minds. Most people work very hard to earn the little that they make. Making money isn't easy. I guess that is part of the scam. Get these foolish and gullible people to believe their money is worthless, so they can sell more gold and silver. At one time, around 2008, Ron Paul was minting his own money. He denominated a 1 ounce piece of copper as $1!!!!!! Copper doesn't cost $1/ounce!!! Twenty dollar Ron Paul dollar was equal to one ounce of silver. That was when silver was like $15/ounce. The Ron Paultards complained that the Feds seized the assets of the company that were producing Ron Paul dollars! ROFL!!! I don't think idiots understand anything about the economy. They just have this narrow view that the Federal Reserve was created by Jews in 1913, and the dollar lost 95% of its value from 1913 to the present. Yet, they never talk about how wages were $2.34/day when people worked 12 hrs a day. People made 19 cents/hour, and now the average wage is anywhere from $10/hr to $20/hr. Wages went up 5200% to 10,500% in 103 years. The dollar lost 2000% of its purchasing power in 103 years. You see, peoples wages did keep up with inflation. Everything these Libertarian retards said was wrong, they said the economy would collapse in 2011, 2012, 2013, 2014, 2015, & 2016 and gold would be $5000/ounce and silver would $100/ounce. Silver is about $18/ounce, and it was $22/ounce in 2008. In 2011, silver was $49/ounce. These scam artists were telling people to buy silver in 2011!!! I have to say the Right and Libertarians represent the worst of human nature, they represent greed, selfishness, and deceit.
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  3397. If there was economic stability then most people would have savings, most businesses wouldn't be in debt, a high % of Americans wouldn't have so much debt, and more than 50% of Americans wouldn't be obese. You wouldn't have millions of people going to food banks, and everyone asking for bailouts. Many people in the US have poor diets, and people who will be negatively impacted by Covid-19 are people who are obese. We have a lot of fat people in the USA. Even with all this stimulus the government is giving out isn't enough to cover all your expenses and debt obligations. You have debt forbearance, and rent forbearance, but after 3 months are up you have to pay all you owe at one time. If you don't pay it, you will get your car repoed, your home into foreclosure, or evicted from your apartment. $1200 for each American for 3 months that simply isn't enough. $350 billion for small businesses isn't going to be enough. Some small businesses hire 100 to 499 people, so these businesses will require $240,000 to $1.6 million + each. There are over 30 million small businesses in the USA. If you do the math, only $11,666.67 can be allocated to each small business. If you have 1 million small businesses that hire a lot of people, and lets say they need $500,000 each. They would need $500 billion, so what about the 29 million other small businesses that need this money? They won't get it. Banks are going to give this money out to businesses that have a lot of debt with them, and these small businesses will have 100 to 499 employees. The banks will try to save themselves, because if these bigger debtors don't pay then it will be bad for them. There simply isn't enough money to bail everyone out. Capitalism has mismanaged the economy, and this is what we get.
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  3767.  @nikunjdeeep  Without oil, you don't have a economy. India can join the Western bloc, the Western bloc is the biggest consumer of oil. Oil Production of BRICS countries and countries that want to enter BRICS, and excluding India. _________________________________ Russia: 10,503,000/day Saudi Arabia: 10,225,000/day Iran: 2,546,000/day Brazil: 2,852,000/day Iraq: 4,260,000/day Indonesia: 887,000/day _________________________________ Total Production: 31,273,000/day Oil Consumption for BRICS countries excluding India. China: 14,225,000/day Saudi Arabia: 3,544,000/day Russia: 3,238,000/day Iran: 1,922,000/day Indonesia" 1,615,000/day Brazil: 3,018,000/day _________________________________ Total Consumption: 27,562,000/day Surplus: 31,273,000/day - 24,562,000/day = +3,711,000/day ____________________________________________________________________ Western Bloc Oil Production Including India USA: 11,567,000/day India: 746,000/day Canada: 4,656,000/day _________________________________ Oil Consumption USA: 17,178,000/day Japan: 3,268,000/day Canada: 2,282,000/day Germany: 2,045,000/day South Korea: 2,560,000/day India: 4,669,000/day Australia: 1,100,000/day Netherlands: 973,000/day Spain: 1,272,000/day U.K.: 1,586,000/day Italy: 1,253,000/day Belgium: 662,400/day Poland: 517,000/day Sweden: 316,000/day Greece: 299,600/day Austria: 262,000/day Portugal: 227,000/day Switzerland: 217,400/day Finland: 200,700/day Romania: 182,000/day Israel: 199,900/day Czech Republic: 180,000/day New Zealand: 167,700/day Denmark: 158,000/day Hungary: 155,000/day Ireland: 144,000/day Bulgaria: 85,580/day Slovakia: 84,290/day Luxembourg: 54,000/day Cyprus: 44,000/day Iceland: 19,800/day _________________________________ Western Bloc Countries Oil Consumption Including India: 42,362,370 barrels/day Deficit: Deficit: 16,969,000 barrels/day - 42,362,370 barrels/day = -25,393,370 barrels/day India would be a drag on the Western Bloc, India can go with the West, but it will be cut off from oil.
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  3817. hunlywestside, farms surviving this will depend on a few thing, like does the farmer have deep reserves of cash to take the losses, can they adapt fast enough, and can they replace the market they lost. It isn't just to affect farmers, it will affect the people who sell the stuff to the farmers, like the tractor manufacturers, people who sell seeds to farmers, the petro-chemical industry, etc. It will have a ripple effect on the economy. Most of the farms we have today are large industrial/corporate farms that focus on mono culture. They grow just a few key crops, like soy, corn, wheat, etc. If they start cutting back, it will affect other sectors of the economy, like I stated earlier. In turn if those other industries are affected in a negative way, they will lay off hundreds of thousands of people. That will have another ripple affect on local economies. The people who once had jobs will affect restaurants, and other local businesses. People who lose jobs will default on loans, and cause more foreclosures. You will have a lot of farm bankruptcies too. You have to take other things into account, like foreigners not buying treasury bonds or U.S. debt. This will cause interest rates to go up and up. Putting additional burdens on the population; after all, the U.S. population is heavy in debt. Making interest rates highers will only compound the interest. It will be painful, and we will have a 2008 type of recession. I am absolutely sure of it. Interest rates going up would be a good thing for me, I would just move all of my money into a savings accounts and accrue high interest rates. For most Americans, it would be devastating.
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  4067.  @shobvious  You can make the same argument with the Taxi cab industry with the one you made with Amazon. Amazon is actually paying their workers more, but they do want to get the productivity out of their workers. Workers at Amazon are required to process 700 + packages per hour, they are trying to maximize their efficiency from each worker. If Amazon was forced to pay their workers more, it would give brick and mortar retail a chance to survive. From what I can see, Amazon is using the money they got from their stocks to stay afloat. As their stock rose, more people bought into it. I am sure big hedge fund managers, people who manage 401ks, pensions, etc all bought Amazon stock because it starting going up. In 2008, Amazon stock was about $58/share, and today it is about $2300/share. In my opinion, Amazon is able to operate a business with making almost no profit by tapping into their stock funds. Uber was able to subsidize their lack of profit with their stocks. Their hope was to drive all the cab companies under, and in the very near future they would be able to have a fleet of self driving automobiles. That didn't happen, so their stock started to tank. As for online businesses, they really aren't that profitable, because you have to ship each individual item to each person. If you get a lot of returns, it becomes very unprofitable. In a brick and mortar store, items are ordered in bulk, so this brings down the cost of shipping. Amazon is following the same business model as Uber and E-bay, they will let individual buyers sell, but they charge them a fee. This way, they don't have to take any risk while they collect the fees for letting people use their platform. Uber isn't a transportation company, they connect people with a phone app using GPS technology. They get their cut no matter what, the drivers take all the risks, they have to pay the maintenance costs for their vehicles, and they can set the rates to whatever they want. In reality, capitalism is very similar to feudalism. Except in feudalism, you had the nobles who controlled all the land, and they let their peasants work on it. In the modern day, you have landlords who just collect rent from their tenants whether they be people in apartments to commercial tenants. In cyber space, you have large platforms, like Amazon, E-bay, Uber, and others that let you use their platform for a fee. You have to pay closing fees when you make a sale on E-bay, pay a monthly fee to sell on Amazon, and Uber can take a cut out of your profits.
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  4071.  @shobvious  I was born in the 1970s, and I pretty much saw the gradual decline of the American working class. Ever since Reagan became president, people have gotten poorer and poorer. There are a lot of reasons for these growing inequalities. One of the biggest reasons was due to the computer revolution which started in the mid 1970s. Engineers found ways to to mass produce printed circuit boards, integrated circuits, and silicon wafers. This made it possible to integrate electronic micro controllers on almost every piece of manufacturing machinery. They also found ways to make robotic arms, and program these things. This lead to the devaluation of labor. In addition to that, you had the outsourcing of jobs to countries in Eastern Asia, like Singapore, Hong Kong, South Korea, and Taiwan back in the 1970s and 1980s. I can understand why companies do it, they have to remain competitive. They have to compete against their foreign competitors. That would be a double whammy for working class Americans, and the value of their labor was devalued as a result. Over the years, computers have gotten less and less expensive. They also became easier to program with many different high level programming languages, like Pascal, Cobol, Fortran, Basic, Visual Basic, C++, C#, Java, PHP, Python, etc. With Artificial intelligence being developed with voice recognition technology, and image recognition technology the sky is the limit. In a decade, I can see mass unemployment on the horizon. This will only exacerbate the inequality problem around the globe and in the USA.
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  4111.  Mark Evans  I tried what you said before, it didn't work. It is impossible to find any kind of stable work if you live abroad. You can't buy land, you have to leave when your passport expires. You have to be a constant nomad, and there is no stability or future in that kind of life. As for me, I am a computer programmer, and a IT specialist. I don't have any problems finding work here. I can get a job in any small, medium, or large firm. The US isn't sinking, the economy is quite robust. How do I know? I know we have a lot of manufacturing production here. Unfortunately, most of it is highly automated, we produce more things than any country in this world. Only China produces slightly more than the US. Just about everything you buy in the grocery store is made in the USA, like paper towels, toilet paper, foil wrap, chicken, corn, beef, pork, breakfast cereal, canned goods, soda pop, beer, wine, hard liquor, produce, rice, bread, etc all made here. Sure, we import stuff from other countries, like smartphones, computers, computer parts, various types of electronics, clothes, hats, tripods, cameras, networking equipment, and other things we want. We also produce very expensive items, like helicopters, large commercial jets, small 2 engine commercial jets, automobiles of all types, large manufacturing machinery, jet engines, software(Microsoft Windows), medical equipment, pharmaceuticals, and other things. The US isn't a sinking ship. The people just have to take it back, and we can. There are more of us than there are of them.
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  4113.  @jgalt308  Wages rose with inflation, and we have a lot more better jobs today than we did in 1910. Unskilled wages stayed stagnant, but skilled wages did go up. As for automation, you just have to be creative. Artificial intelligence may be good at doing repetitive tasks, but it can never come up with new ideas. The new kinds of artificial intelligence can do more than repetitive tasks, like doing routine tasks. Having automated offices and factories before, you still need people there, but less people are required. If you employ computers, software, and machines, it could reduce the amount of hours you work at a certain job. I am sure AI will only get better, and we will have to have some kind of universal basic income system. Not everyone can be a professor, doctor, dentist, registered nurse, a nurse practitioner, engineer, scientist, technologist, technician, lawyer, accountant, architect, or some other skilled profession which requires at least a 4 year university/college degree. You need licenses, and degrees to practice certain professions. That is something machines can't do. In addition, you have skilled tradesmen, like plumbers, craftsmen, people who do roofing, general contractors, electricians, and others jobs of this type which is very difficult to automate. You have creative people, like musicians, authors, artists, and others who can create unique things. Those jobs can't be automated. A lot of jobs are unfortunately on the chopping block due to artificial intelligence. You can sort of see it now, like when you go to a McDonalds, they have kiosks that take your order instead of cashiers. When you go to Home Depot, you have self checkout lanes, and you have these in supermarkets as well. When your doctor sends you to a lab, you check in with a computer terminal, and there is no receptionist. Truck drivers don't have to be used for long drives across the vast distances they drive. You can use one truck to lead a convey of lets say 15 trucks, the first truck will have a human in it, and the other 14 will be automated. When you go to a populated area, like a city you go to a hub, and truck drivers can take over. They will certainly be working less hours, and be making less money. AI will be assisting people, and as a result people would work less hours. That's why we need a Universal Basic Income.
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  4115.  portallatro  No systemic collapse will happen, because everything will be running. Everything from your garbage being collected to the power plants generation electricity. The factories that produce your napkins, processed foods, tissue paper, and other things will still be running. Most of these factories and manufacturing plants are already highly automated, the only thing they don't need is a lot of people working in them. You will be able to go to Walmart, Home Depot, etc and buy what you need from a kiosk. You will be able to order whatever you need and want from Amazon or some other online outlet. The trucks will continue to deliver the goods to the stores, the oil fields will continue to produce oil, the solar power plants will continue to produce electricity, the hydro electric dams will produce electricity, the children will still go to school and play, and people will go on with their lives. If you don't have a university/college degree or higher then you will be working in the Gig economy, and struggling for a living. If you can't hack that then you can always go live in a tent on the sidewalk. If you can't be resourceful then you will be out of luck. A lot of people will collapse and go into destitution, but the system will not collapse. Stop projecting your fears and anxieties on other people. When the dust settles, the U.S. is going to resemble a lot of Latin American countries, where you have a few rich people and a lot of poor people. That will be the new reality. I know this is going to happen, because a lot of people here have voted that way since the 1980s. They had been duped, just look at all the Joe the Plumbers out there, blue collar Joes who vote against their interests.
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  4293. Moving the interest rates from 2.25% to 0% will not stop a recession. If the interest rates were set at 8.5%, and if it dropped to 0% it could have an affect. Trump will try to make the stock market look good by moving interest rates into negative rates? Good luck with that. If you have any money in a bank account, you will be charged for it. If interest rates were negative 2%, you will lose 2% of your deposit every single year. No one is going to buy US goods if US puts up trade barriers, Navarro is an idiot, or he is lying. What about the auto industry in the USA, that exported automobiles from China? What about the Boeing aircraft China ordered from the USA? What about the beef, pork, chicken, soybean, corn, rice, and other farm products that are blocked from entering China? These exports from the US to China will be blocked with tariffs. The US companies that exported this stuff now have a surplus of these cars, aircraft, farm products, and other things. As a result, they will have to lay people off. The steel and aluminum industries Trump tried to protect with tariffs will have less orders due to less demand for these products that use these materials. They will have to lay off people in these steel and aluminum plants. Trump is clueless. China has been shedding a lot of factory jobs before Trump became president, because the cost of labor is more expensive in China compared to other surrounding countries. China will still have the electronics industry, because they control most of the rare earth minerals that is essential to produce these things. They also have the industrial infrastructure to produce a lot of the components that goes into making computers and electronics. We will still have to buy computers, televisions, smart phones, and other consumer electronics from China. Navarro is an idiot, and Trump is the biggest idiot. A failed businessman running our country, and he will run it to ground.
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  4333. From 1975 to 2021, the people who have been abusing drugs, alcohol, and committing suicides at a higher rate were and are men who have less than a 4 year college degree. A lot of the jobs that existed in the 1970s and 1980s have simply been automated. Before integrated circuits and printed circuit boards became affordable, you had a lot of things for people to do in manufacturing plants and factories in the U.S.A.. Someone in a factory could use this press to make templates for parts, or direct conveyor belts. After programmable micro controllers became cheap and available in the mid 1970s, programmers could simply use mathematical algorithms to automate such repetitive tasks. You don't need a human to stamp parts, a machine directed by a micro controller can do this task day and night. Conveyor belts can be programmed to direct the flow of materials and parts. As a result, a lot of jobs that used to exist and which paid decent wages got eliminated in the 1980s. Before, you were able to get out of high school and find a manufacturing job and work there for 30 years and retire. Human labor became less and less valuable as more and more tasks were automated by computers. In addition, you had many more industries in the 1970s up to the 1990s. For example, people had walkman radios, pocket calculators, alarm clocks, wrist watches, gps device, answering machines, analog phones, pagers, video game consoles, video camcorder, camera, electronic pocket game console, electronic pocket organizers, clocks on walls, mp3 players, tape recorder, cable box, VHS/Beta tape players, DVD players, etc. All of that had been replaced with computers and pocket computers called smartphones. In your pocket, you have a phone, alarm clock, watch, organizer, voice recorder, flashlight, video streaming via broadband internet connection, music player, gps device, video player, video game machine, video camera, camera, etc. As a result, many industries had been negatively affected. As a result, you have to be involved in the knowledge economy, and convey it in a digital platform. In order to take advantage of these opportunities, you have to be well educated.
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  4339. Existence is Everything, if you used your student loans to study to become a medical doctor, scientist, engineer, computer science, architect, dentist, or something more practical you would be able to pay your debts. Everyone knows, it isn't easy to get a degree in those majors. It isn't because they dumb, they were ignorant and naive. They never lived life, and they ignored good advice from their parents. Some never got any good advice from their parents. My father talked me out of making unwise decisions when I was growing up. He talked me out of signing up for the navy after I graduated high school. He gave me advice to go to a community college before I go to a university first. I didn't have much debt after I graduated from the university, and I had viable skills after I graduated. I also grew up with a generation of parents who didn't really coddle me. The parents of Gen X were pretty strict and real. My parenting was pretty good. The Millennials on the other hand had parents who rewarded them for losing, and telling them they were special. Parents can't just tell their children they are special when they are not. The Baby Boomers telling their children that they can go to college and become special. Unless you study something difficult, like to become a physician, engineer, computer scientist, scientist, or something like that. You aren't special at all. I met a lot of Millennials in the workplace and they are pretty flaky. They really think very highly of themselves when they don't have anything to show for it. They are really bratty and entitled. They always ask for a raise. This is because they have a lot of college debt I would assume. It is a pity these people didn't have good parenting and they are paying for it because of it.
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  4423. Michael Van Kets, so you think Trump's policy of imposing tariffs on other countries to bring back jobs will actually work? I don't think it would work. It costs too much to produce in the USA, the cost of labor is too high. Plus, most of the parts for machines are produced in other countries to bring down the cost. Besides, the U.S.A. isn't the only market for goods. Global GDP stands at $107 trillion, and the U.S. economy accounts for $19 trillion, so that is about 17%. You telling me, if you produce products in the USA, you don't have to export it to other countries? The U.S.A. can absorb the excess of goods produced in U.S. factories and manufacturing plants???? Let's say you have excess production, and you try to export it. Ok..... The U.S. imposed tariffs on a lot of countries, so if they export stuff from the U.S.A. they are all hit with tariffs. These products being hit with tariffs will mean they will be more expensive when they are exported to the international markets. People will buy less of them, because they are not price competitive. The deregulation stuff is good for business, but Trump's idea of starting a trade war will only hurt the USA. You can produce things in the U.S.A. under Trump's plan, but it would only be for stuff that is sold in the USA. Therefore, companies will move more production overseas to avoid the tariffs. As a result, more American workers will get laid off in the long run. If you have companies that have all their production in the USA, they will become stagnant. Because they can't export their goods. They may even go bankrupt, because they can't compete in the global market. You have other foreign companies, like Volkswagen, Toyota, Samsung, Mercedes Benz, BMW, Hyundai, etc having access to cheap labor, and not impacted by the tariffs. They will invest more of their money in other countries, like Vietnam, India, Thailand, China, and other emerging markets. U.S. companies will get shut out of those markets. LOL
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  4436. The U S isn't number one when it comes to a lot of things. ______________________________________ Steel production 2023 1. China - 1,032 million metric tons 2. India - 118 million metric tons 3. Japan - 0.096 million metric tons 4. U.S.A. - 0.0857 million metric tons ______________________________________ Aluminum production (2023) 1. China - 40 million metric tons 2. India - 4 million metric tons 3. Russia - 3.7 million metric tons 4. Canada - 3 million metric tons 9. U.S.A. - 0.860 million metric tons ______________________________________ Car Production (2023) 1. China - 26.1 million 2. U.S.A - 9.2 million 3. Japan - 7.8 million 4. India - 4.4 million 5. South Korea - 3.5 million 6. Germany - 3.3 million ______________________________________ Graphite Production (2022) Essential for making lithium batteries 1. China 850,000 metric tons 2. Mozambique - 170,000 metric tons 3. Madagascar - 110,000 metric tons 4. Brazil - 87,000 metric tons 5. Russia - 15,000 metric tons 6. Canada - 15,000 metric tons 7. Norway - 10,000 metric tons 8. India - 8,300 metric tons 9. N. Korea - 8,100 metric tons 10. Tanzania - 8,000 metric tons 11. Vietnam - 5,000 metric tons ______________________________________ Rare Earth Production (2023) 1. China - 210,000 metric tons 2. U.S.A - 43,000 metric tons 3. Australia - 18,000 metric tons 4. Myanmar - 12,000 metric tons 5. Thailand - 7,100 metric tons 6. Vietnam - 4,300 metric tons 7. India - 2,900 metric tons 8. Russia - 2,600 metric tons ______________________________________ Ship Production (2022) 1. China - 23,074,209 Gross Tonnage 3,999 ships produced 2. South Korea - 21,670,363 Gross Tonnage 2,303 ships produced 3. Japan - 16,241,929 Gross Tonnage 1,607 ships produced 4. Vietnam - 555,081 Gross Tonnage 332 ships produced 5. Turkey - 146,931 Gross Tonnage 327 ships produced ______________________________________ Gross Exports by Country (2022) 1. China - $3.715 trillion 2. U.S.A - $3.011 trillion 3. Germany - $2.060 trillion 4. France - $1.005 trillion 5. U.K. - $1.001 trillion ______________________________________ China is number one is all of these categories. The U S is no longer numero uno.
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  4514. Medical doctors and lawyers usually have their own practices. Doctors make most of their money in the hospital, but they do have practices to see follow up patients. Lawyers make most of their money in the courts, they too have their own practices to see clients. You're right, in general lawyers and doctors make less than they did 20 years ago. If you are a doctor, you have to go to more than one hospital, 20 years ago going to just one hospital was enough to make a good living. It isn't like that anymore. Also, most doctors share offices, so in one doctor office, you may have 3 to 5 doctors. Most doctors practices rely mostly on Medicare payments. It is because older people get sick, and they have medicare. It is very hard to do a small business in the U.S. due to large corporations that compete with them directly. You have the Walmarts, CVS pharmacies, Star Bucks Coffees, Costcos, 7-11s, etc. Small businesses just compete, because they don't have the kind of resources large corporations have. I am a skill worker with a university degree. I am doing alright, I do part time work for several companies. I do other things on the side, like buying servers, computers, getting them in working order, and setting them up. I buy and sell stocks part time as well. I am not getting rich, I am able to pay all my bills and help out my parents. If you were a middle class person who depended on one job, it will be hard. If you can adapt to the changes, you'll be alright. There has been a lot of changes in the past 30 years, and a lot of people who can't get new skills and adapt will be left behind.
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  4713. The government didn't mess up tuition costs, healthcare costs, housing costs, or any of those things you mentioned. The government is very competent when the programs they are trying to initiate are well funded. Just look at World War 1, and World War 2. The U.S.A. beat the pants out of the Axis power in World War 2, the USA fought a two front war and won. If we had a nationalized healthcare system, it would be better. Look at the United Kingdom, if you get sick you can go to a doctor and get treated. We don't have a nationalized healthcare system and this is a problem, and don't say Obamacare is nationalized healthcare. The only way it can be nationalized healthcare is if private insurance companies are cut out of the equation. I was born in the 1970s, so I experienced president Reagon's policies. Keynesian economic policies are good, and they have always been good. With all modern governments, the government stimulates the economy. For example, most of the doctors that have their own practices or work in the hospital are funded by Medicare money. Defense contractors make a living selling the government weapon systems, scientists, computer scientists, the engineers, technologists, technicians, mechanics, and the workers who produce these weapons all have a livelihood because of the government. What about the fleets of cars that are sold to government agencies. The furniture, and other things sold to the various government agencies. GE sells jet engines that go into the jet fighters, jet bombers, and other aircraft. You have independent contractors to large corporations that sell everything to the government from toilet paper to nuclear power plants. The money the government spends on welfare recipients go right back into the economy. Those people buy the food from the supermarket or some small market. The wholesaler or distributor makes money selling the food products to the retailer. The people who produced the food can buy more chemical fertilizers, and other farm equipment. Those companies that made the farm equipment and chemical companies can make money. The chemical fertilizer companies make money by selling their nitrites based chemicals to farmers and munition companies. They in turn get most of this money from the government. The government plays a big role in the economy for most advanced countries. You are a uneducated dolt, and you don't understand how the economy works.
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  4716. Corporations need markets, and most corporations want access to global markets. This way they can make more $$$$. If the government buys let's say 50 F-15 fighters from Boeing, or $500 million building a aqueduct. You telling me that money wasn't spent on real goods and services????? If the local power company built a nuclear power plant or a hydroelectric dam, you telling me that money didn't go to something useful? You millennials are the dumbest generation. Just because your Baby Boomer parents got screwed by the 2008 crash doesn't imply banks and governments are all bad. After all, it was your stupid parents who refinanced their homes like 2 to 3 times, lived on credit cards to buy everything they wanted, flipped houses, borrowed more money than the income they made, and lived irresponsibly. You telling me, you can blame the government and banks 100% for it?? You are fucking kidding me, your parents caused it. My parents aren't Baby Boomers, they are the Silent generation. You can't blame my generation for causing this mess, my generation being Generation X. When the 2008 crisis happened, I was doing just fine. My house was paid off, I had no debts, and I had a relatively good career. I did get laid off, but I wasn't even worried, because I had plenty of savings. I didn't waste my money buying shit I didn't need with money I didn't have. If I get laid off again, I would be fine for 15 years. I have enough money to not worry about it, because I am not stupid like your parents or your stupid generation.
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  4980. Capitalism is the relationship between employee and employer. Feudalism is the relationship between the serf and lord. Slavery is the relationship between master and slave. All these systems are hierarchical, and they lead to stratification of society. Slavery is a bad system even if the people who participate in the system may not be evil. It is a brutal institution never the less kept in place by whips, guns, and chains. Feudalism is a backward system. Capitalism is system that leads to inequalities. A worker cooperative is an old idea, monks used to own the means of production collectively. The best system would be where everything that is essential is controlled by the public sector, and everything that isn't essential is given to private interests. Essential stuff like infrastructure(roads, railways, ports, airports, rail stations, telecom, canals, aqueducts, etc), public safety, military, postal service, energy, medicine, banking, the legal system, policies to provide food security, education, and regulation should all be within the public sphere. All the nonessential things, like running shops, restaurants, businesses like Amazon.com, and other things should be within the realm of the private sector. Private sphere could be worker cooperatives, or privately owned. Government could not manage the whole economy. If private interests own essential sectors of the economy, they will become monopolies. For non-essentials, it is almost impossible to get monopoly. If the government owned the defense companies, and produced what they needed. We wouldn't have the military industrial complex. If the medical field was controlled by the government, people would be able to get affordable medical care. We wouldn't have private companies like Johnson and Johnson producing products that harm and maim people. If the Federal government had banks that competed with the private sector, private banks would have a much more difficult time influencing politicians with lobbies. Plus, people can get loans at very good interest rates with almost no fees. Lobbies would have no power to pressure governmental bodies to do what they want, because they have no control, or very little control in those sectors. I just don't want capitalism to have too much influence in our economy. Capitalism can stay within the realm of the non-essential sectors of the economy.
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  5134. I know why Trump got elected. The reason for it was because of the people in the Rust Belt states whose jobs got outsourced and automated out of existence. Those people voted Obama 11 years ago, because they were expecting better results which might help improve their lives. I guess, their lives didn't improve after 8 years of Obama, so they voted for Trump who was a new comer. They expected him to follow through his promises of bringing back industrial jobs to the USA, and the revitalize their communities. The only thing Trump did was give big fat tax cuts to the top 5% of the population. They got their tax cut money, and put it in the stock market. Made the price of their stocks go up, and gave themselves big fat bonuses. People like who have to work for a living, because I don't have parents who have millions and billions of dollars had to actually pay more taxes. No tax rebates for me in 2018, and 2019. Sure, Trump makes these uneducated people feel good by saying, you are a American American. These others, they AREN'T REAL AMERICANS. Blames other countries, when corporations in this country automated many of their jobs out of existence, and outsources labor intensive jobs out of this country. Like we are going to stick it to China, we are going to stick it to the European Union, we are going to stick it to the Illuminati New World Order(Jews), and we will stick it to illegals(Mexicans and Central Americans). We are going to scapegoat all of these people, and we will make American great again. After 3 years of Trump, nothing has gotten better. The only thing Trump can be credited for is making the equities bubble larger, the real estate bubble larger, and pumped up every other asset bubble. Now Trump is saying, we should lower interest rates to zero. Somehow, I don't think lowering rates to zero from 2.25% is going to do anything. If the interest rates were 8.5% and lowered to 0%, it might have an effect. If it doesn't work, Trump will try to pressure the Federal Reserve chairman to lower interest rates to -1%, or -2%????? Do you know what that means? If interest rates were -2%, and you had $10,000 in your bank account, you would have $9,800 after 1 year, $9,604 after 2 years, $9411.92 after 3 years, $9223.68 after 4 years, and $9039.21 after 5 years. Do you know what kind of backlash that would create here if that happened. He would anger a lot of people.
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  5201. @Ben Daulton When all this is over, you better pray that the US doesn't lose its world reserve currency status. The US is in a really vulnerable spot. We can't produce a lot of things that goes into producing complicated machinery, like automobiles, aircraft, helicopters, and other complex machinery. If you didn't know, most of the factories and manufacturing plants in the USA are highly automated. We need a lot of the parts and components that we can't produce to keep these manufacturing plants going. Besides, modern day machinery is very complicated, so no one country can produce all the parts and components to make this stuff work. If we don't get the parts to produce these complex machines, we can see factories starting to break down, tractors not work, combines not working, and we can possibly see a situation like Venezuela. The government keeps printing money, no one takes Venezuela's currency, no one wants it, and when you print too much money and no one wants it. Then, you get hyperinflation, your economy becomes, like Zimbabwe, or Venezuela. Since we are engaged in a trade war with all these countries that idiot Trump started, these things that we need become more expensive. When other decide to dump the US dollar as the world reserve currency then you couldn't buy a lot of the stuff you are able to buy now. It will be too expensive for you to buy it with dollars. It takes years to build up a industrial infrastructure to build anything. It can't come out of your ass like Donald Trump is saying. Trump says, don't worry about it is easy. It ain't.
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  5319.  Bill Brennan  Trump isn't going to bring back any jobs. Even if they ban all imports from China, they can off shore it to countries where the cost of labor is much lower than it is in China. In the past two years, a lot of manufacturing has been moved from China to countries, like India, Nepal, Vietnam, parts of Africa, Sri Lanka, Thailand, Indonesia, parts of South America, and other countries where the cost of labor is much lower than it is in China. The only stuff that hasn't been moved out of China are for computer and electronics equipment, and the reason for this is because they have the infrastructure to produce parts more cheaply than anywhere else. More than 90% of all the computers are made in China, and we are going to import it even with the tariffs. China has access to most of the rare earth resources which are used to manufacture electronics and computers. Even Apple has their products produced by Chinese sub contractors for their computers, i-pad, and i-phones. Apple doesn't have a factory that produces computers. Stuff like clothing, shoes, sowing machines, shoe laces, cups, mugs, pots, pans, and other things that are labor intensive can be produced in other countries where people get paid 25 cents to $1 per hour. Trump isn't moving his factories to the U.S.A., and this shows he is a big liar and hypocrite. You ain't going to move it back to the U.S.A. and pay someone $10 to $15/hour, health insurance, and other benefits. We do have a lot of factories and manufacturing plants in the U.S.A., and all of that is highly automated using very few people. Recently they moved production of tooth brushes back to the USA, and do you know how many jobs were created? 5 jobs, and the factory produces 10s of thousands of tooth brushes per day. If it is labor intensive, they will not move it back here. It is funny how you people Trumpkins don't understand economics. It must be because you people are religious and believe in Jesus. LOL
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  5320.  Bill Brennan  The Fed won't be abolished, not going to happen. Yes, the Fed is a quasi private bank, and 99% of the profits the Fed makes goes back to the U.S. Federal government. The Fed isn't controlled by the Democrats or the Republicans, it is strictly non-partisan. A lot of goods and services are provided by private corporations and companies to the Federal government. The U.S. government buys fleets of cars from corporations, like Ford Motors, they buy furniture from private contractors who sells it to the government, and pretty much everything they buy is from private firms. A lot of these defense firms are private corporations traded publicly on the stock market, etc. The government doesn't produce things, they buy it from the citizens of the U.S.A.. From my experience, the people who slander and commit crimes always go out in front of a crowd and say I am not guilty they are. The police are bad, because they arrested me. Even though you committed a crime, the police are bad. This company is bad, because I refuse to pay for their services. Even though they got the goods and services, and they were shitty people who refused to pay because it was a way of getting it for free. Donald Trump is the same way. He is a corrupt con artist and criminal. Everyone who is coming after him is bad, because they are persecuting me. Those bankers are bad, because they want to collect the money I borrowed and STOLE from them. Those investors who invested in my company are bad people, because I committed fraud and ripped them off. The F.B.I. is bad, because they are investigating me for my corrupt and criminal practices. You can only get away with this kind of shit for so long.
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  5395. The Joker. It wasn't Obama's fault for the decline of the white middle class. This shit was happening in the 1970s up to now. I am a Generation Xer, and I experienced this first hand when computers and robots were employed in industry back in the mid 1970s. Plus Richard Nixon who was a Republican president opened up China to trade with the U.S.A. and the West. If you are a average Joe 6 pack, you're not that important anymore. Corporations care about one thing only, and that is profit. They don't care about you being white and you deserve a good paying job. A capitalist firm only cares about how much profit they can make, so if they can hire a engineers and programmers to automate a factory to increase profitability they will. As for the people who got displaced, you get your pink slips, and that is it. Bye bye. If a for profit company can move their production line to any part of the world where labor is cheaper, they will do that also without a thought. If it is more profitable for the company, they will do that. That is fact. You can believe I am white and I am valuable. You're not, you are just a unit of labor that costs too much. If you believe Trump cares about you, you are stupider than you look. I am not saying the Democrats are any better, a lot of them are also bought off by lobbyists. They probably don't care about working class white people or any working class people in general. As long as they get the money from their donors that is what matters. You can believe in any religion you want, believe Trump will help me and give me a factory job where I can screw this and that when someone in a developing country can do that for much less. If Trump really cared about white middle class working people, would he be producing his stuff overseas? LOL . In two years from now, most of you Rump supporters will be living in a cardboard box on the side of the road.
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  5396. The Joker. Obama and the Democrats might have been indifferent to white middle class people, but the Republicans were no better. Ronald Reagan didn't give a shit able the white middle class declining in the 1980s, George H. Bush didn't care either. George W. Bush didn't care. Donald Trump's reckless spending is going to result in one big, a bigger national debt, higher interest rates, and another major stock market crash and another major recession. We are going to see another major recession which followed every Republican presidency from Ronald Reagan to George W. Bush. You know, lower taxes, increase the deficit, ease up lending, de regulate the financial industry, and plant the seeds of a recession. Happened under Ronald Reagan with the stock market crash of 1987 with one of the worst recessions in U.S. history. Happened under George W. Bush with the stock market crash of 2008 with the worst recession in U.S. history next to the Great Depression of the 1930s. That is why I know a lot of Trump supporters who believed in Trump will be living in a cardboard box. Most of the money that was used to buy up U.S. debt was from foreign countries that traded with the U.S.A.. This caused interest rates to go down. Without that buffer, the Fed Reserve will have to increase interest rates to attract people to buy U.S. treasury bonds. This will have a very negative impact on a economy that relies heavily on debt. Debts, like mortgages fund the real estate industry, car loans fund the automobile industry, credit cards help people buy the latest Apple I-phones and other consumer goods. Trump de-regulated the financial industry to create another bubble economy that will pop in 2 to 4 years from now. LOL
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  5480. Industrial robots had been taking human jobs since the mid 1970s. Computers and computer algorithms have been taking human jobs since the 1980s. This is the reason why credit cards came into being in the 1980s, it was a way to getting people to buy things they couldn't afford so the economy would not collapse. When trade policies like NAFTA came into being in 1994, you had more job losses that resulted from it. In addition with the Glass-Steagal Act being repealed in 1999, many more good paying jobs were lost over the years. You also had outsourcing which resulted in customer service and white collar jobs being lost. With high speed and broadband internet from 2000 to the present, it has never been easier to outsource intellectual work to other countries where labor costs were cheaper. For example, computer programming work can be outsourced to other countries where people are payed 3 to 4 times less than they are paid in the USA for the same work. Architecture work can also be outsourced to other countries. You can send the work which is largely done on a computer and upload it to the client, and the money can be wired to anywhere in the world. You had hundreds of thousand of postal workers who were affected by email. This greatly reduced the demand for postal service, and mail sorting facilities use machines to sort out the mail now. This is why they came out with 0% financing to buy a house in 2001. The vast majority of people could not afford to buy housing with the traditional down payment of 30% down, and 5% to 10% interest rates. This resulted in the financial collapse of 2008. Ever since then, interest rates had been in historic lows for 9 years. This is why the economy is collapsing. Most people are heavily indebted and in most cases insolvent. They don't make enough money, because most of the good jobs had been outsourced or automated out of existence. In the near future, many more jobs will be automated out of existence with deep learning, other forms of artificial intelligence, cloud computing, and quantum computers. Millions more jobs will be on the chopping block in the near future. As for the stock market, real estate market, and other assets, they are all in a bubble. If the Federal Reserve raise interest rates to 5%, all these bubbles will pop. This is why interest rates are at 1.25%.
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  5486.  Kevin Cline  It really depends on what you do for a living. I live in Los Angeles, and my rent is about $2995/month almost $3000/month. I am a independent contractor, but I do more specialized work, like computer programming, deal with servers, creating websites, maintain computers, and stuff like that. The prices I can charge are variable. With these smartphone based gigs, the prices are set by the app developer. I don't know how you can survive with such jobs. Independent contractor thing seems to work if you have a high level of education or skill. There are physicians, engineers, dentist, nurse practitioners, registered nurses, software/web developers, technologists, technicians, architects, lawyers, brokers, accountants, authors, etc that are also independent contractors. The difference between these people, and people who use smartphone apps is that they can charge whatever they want. In a sense, they are independent operators of their own businesses or practices. They have licenses, degrees, and skills that everyone can't do. For me, $3000/month is not really a big chuck of my income, I can afford it, and still have money left over. I have to say being a independent contractor vs. working at a company full time has been more difficult. The work is not always stable, the hours suck, and the rate is variable. If you have clients that know and trust you then you can get higher fees. If you have wealthy clients, they can give you very generous compensation for your work. If you have crappy clients, they can really waste a lot of your time and pay very little. It is much better to work at a company and make a stable salary. It is what it is now, employers don't want to pay benefits, and it is cheaper to hire people when they are needed vs. hiring them to be there 8 hours a day.
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  5603. If you have millions or billions of dollars, paying a politician $200,000 to $1,000,000 is no big deal. If you only make like $35,000 to $120,000 per year, there is no way you can give someone that much money. Most likely, you will have a family to support, car payments, mortgages, pay for daycare, buy health insurance for your family, car registration, car insurance, dental bills, utilities, etc. It isn't crony capitalism, this is what capitalism is. You get big enough, you buy up all your competitors, and you become a monopoly. You expand your business out of the country to make more $$$$. The people who helped you start your own business in your own country gets shafted. The cost of keeping you around is more expensive, so fuck you and get lost. I can hire someone in Sri Lanka, Mexico, China, Vietnam, India, Indonesia, Thailand for less. If you think that is crony capitalism, you're an idiot. Capitalism is based on unlimited growth. You need to become international. The kind of capitalism Trump is talking about keeping industries within the USA, and not outsourcing is bullshit. Capitalists have always been expanding outside of their boundaries. When capitalism started in Great Britain with the start of the Industrial Revolution in the mid 18th century. They needed markets outside of Britain, and they pressured other countries to trade with them like in the Far East. In other cases, they conquered the country and dumped their excess production on their colonies. Crony capitalism my ass. Capitalism leads to imperialism and that is a fact.
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  5828.  @TheDrSweeney  Can you tell me how many jobs he actually brought back? What a lot of BMW, Tesla, Harley Davidson, Ford, and other manufacturing plants that had to move due to Trump's tariffs. Come on stupid, these companies have to rely on exports to survive. Before, they had tariff free trade, so they can import very inexpensive parts to the USA. They used US workers to assemble cars, and other machinery. In addition to that, the basic resource to produce things, like steel and aluminum have gone up due to Trump's tariffs. The savings from duty free trade offset the higher cost of U.S. employees, so companies assembled their products here and exported it to other countries, like China and the E.U. Since Trump started a trade war, those companies can't ship their stuff from the U.S.A. to other countries without getting hit by tariffs. In addition to the parts they import from abroad are also being hit with tariffs, and that makes the cost of parts more expensive. Therefore, the cost of the product is more expensive. They just move the production overseas. They will keep some of the production here to sell to U.S. markets, but the production capacity will be diminished in the USA. You don't know what the what the fuck you're talking. In long run, you'll have production in the USA to meet with demand from U.S. consumers. They won't expand production or add more production here. In the end, the US consumer will pay more money for goods and services. In addition to the state and federal income taxes they pay which amounts to almost 30% to 35%. You have to pay other taxes, like property taxes, and car registration fees. Tariff is just another tax stupid. Americans will just have less disposable income, and they will shop less. They will go out to restaurants less, and that will affect the local economies as a whole.
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  5947. I can't say they are taking advantage of the USA, because if you understand how trade works. It is all about comparative advantage. The country that produces a certain goods more efficiently does so at a lower cost. If it costs less money to produce an item in let's say China, Vietnam, India, Nepal, Thailand, Sri Lanka, Madagascar, Mexico, El Salvador, etc, corporations and companies will outsource the work out to those countries. With artificial intelligence, and advanced robotics, it may be cheaper to produce items employing automation than outsourcing it out. That isn't going to help workers in the USA. The steel industry in the USA is producing much more than they ever did using a fraction of the workers they used let's say 40 years ago. Trump isn't going to help you get a factory or manufacturing job making widgets. Most of the manufacturing jobs here require a high level of skill, unless you have a degree in computer science, electrical engineering, mechanical engineering, manufacturing engineering, or other skills. You ain't going get shit. The other factory jobs that are labor intensive can simply be sent to other countries that aren't affected by tariffs. They have billions of hungry in this world that make less than $20 a day, and they aren't going to pay you $20/hour for people who can do the same kind of work as those other people can do. The Republicans, Democrats, most business people, and corporations don't give a shit about you. The rich get richer, and Donald Trump is rich, you give think he gives a crap about the middle class? Most of the stuff he produces are produced in 3rd world countries. LOL Do what I do, study something like computer science, or a 4 year university degree work in a nice air conditioned office. You can't fight economic realities. You can only make improvements in your life that can benefit you, and if you refuse to adapt. That's on you, you lose our job, you become homeless, no body fucking cares.
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  5985. Universal Basic Income will be the real solution for this. People will still work, but the number of hours they get will be drastically reduced. Machines, computers, and algorithms will make workers more productive, so less people are needed. Let me give you an example... If you have warehouse workers, you can still have some warehouse workers who use the robots to get the work done more efficiently. Thus, the work of 10 warehouse workers could be done by let's say 2 warehouse workers employing robots. The same is in a office environment. With cloud technology, all the documents in a office could be scanned into a cloud server, or it can be stored on a local server or both. This eliminates the need for a person who files charts, you don't have sort and file documents into physical charts. All that is done automatically on a computer server in database. People in the office can access information very quickly thus less people are needed. If automated trucks were used, you can use the lead truck on the highway with a human driver in it leading a convey of 10 trucks. The human truck driver will be there to address any problems that may arise, like people trying to hijack the trucks, etc. As a result 9 human truck drivers lose their jobs, or they are limited to only driving on local or busy streets. Automation and AI technology can allow less humans to get more done, and it will lead to mass unemployment. Human workers could be entirely replaced, or the amount of hours they get in a work week could be reduced by more than half.
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  6099.  @brad0805  This isn't new, John D. Rockefeller had a monopoly on oil, but in the 1870s to the 1890s there were many independent oil companies. John Carnegie had a monopoly in the steel industry in the late 19th century, and during the industrial revolution in the USA there were hundreds of steel companies. Carnegie was more successful, so he put his competitors out of business and had monopolistic powers, the same with John D. Rochefeller, and the other industrialist titans of the 19th century. Back in the 1920s, there were over 20 automobile companies. Now, we have Ford, Chrysler, and General Motors. Back in the late 1970s to the 1980s how many computer companies did you have? You had many different operating system and computers, like Commodore 64, Apple, ZX Spectrum, IBM, AST, Compaq, Hewlett Packard, Sony, Samsung, MSX, Packard Bell, Dell, AT&T, NEC, Toshiba, Amiga, and dozens more. How many do you have now? You have Microsoft which has a monopoly on operating systems, and a handful of computer companies, like Hewlett Packard, Dell, and Apple. The 4 biggest smartphone manufacturers in the world are Apple, Samsung, LG, and Huawei. You had monopolies during the industrial revolution, and you have monopolies in the information age. If you go further back in history, you had monopolies which we called empires, like the Roman Empire. Before the Roman Empire, you had hundreds of states, like the Greek states, Etruscan city states, Carthaginian Empire, Ptolemaic Egypt, Gaul, Iberia(Spain), Seleucid empire, Armenia, Germania, Britain, etc. Competing states got conquered, annexed, and consolidated into the Roman Empire. What are you trying to say? This is a new thing?
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  6158.  earth ocean  it would be easier if the priorities of the government we live under changed from funding corporate welfare and the military industrial complex to funding human rights. The priorities of this country has is all backwards, because if you want a prosperous country. You need a well educated and healthy work force. It doesn't seem like that is what the US government wants, because they are influenced by moneyed lobbyists who get their voices heard. The government should have never backstopped these student loans for investors. Since these investors signed a contract with the government to get a guarantee from the government to get their loans paid. There is no way the US government will not pay these debts back, because the US government will pay back all debts. It would be like you buying U.S. treasury bonds from the U.S. government, these debts are guaranteed. These debts can be paid back by taxing U.S. citizens, or by borrowing more money from the Federal Reserve Banking system. There is no other way our government can pay off these debts, they can't just be expunged. If our government borrows money created out of thin air from the Federal Reserve, it will cause inflation. If they tax American citizens, it will make people angry. There is a way out of it, we don't have to tax everyone for it. We can specifically target Wall Street by levying a 5% stock transaction tax. After all, these bastards are the ones who invested in these predatory schemes in the first place. A lot of these stock trades are done by computer algorithms and computers with high frequency trading. I am sure we can get these debts paid in a couple of years by levying such a tax. There is always a way, but we have to be actively involved in politics and get the people we need in power to make these reforms.
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  6373. Exactly. It is impossible for everyone to be a employer. I've owned my own business several years ago, and it isn't easy. 9 out of 10 businesses fail within the 1st year. Starting your own business is like gambling. There are a lot of things you have to take into consideration, like how much is the overhead, like rent, paying the staff, utility bills, etc. There is no guarantee that you will make much money from your business venture. I know a few people who are worse off after they started a business than before they started a business. They spend so much time and money in their businesses even if it didn't make enough to cover the basic expenses. A lot of scammers these days. They start shell businesses, they say their company is worth this much, they pump up the stock value, and dump it when they get unsuspecting people to buy it. It is happening in the cryptcurrency world where people are making their own cryptocurrencies. They promote it on social media, get people to buy it, and this makes it go up. When it gets high enough, they dump it all and take the profit. It is something that is inherently worthless, and they get people to believe it has value. You have capitalist whores of the alternative media who are for profit corporations, but they ask for donations. Most of them are Libertarian scumbags, they get you to buy into some pump and dump scheme. They get their gullible audience to believe in nonsense conspiracies theories, like the Protocols of the Elders of Zion. They say they don't want you to have gold and silver. They bought it when the price was very low, get people to buy it, the price goes up, and dump it all and make a huge profit. Libertarians are cheats, scammers, and scumbags.
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  6377. I am a mathematician and programmer, and I can tell you many jobs were replaced by simple computer programs. Speech recognition software got rid of many customer service jobs, speech recognition software got rid of people who dictate notes over the phone, translation software made human translators redundant, email was directly responsible for destroying more than half a million postal jobs, you have electronic filing systems which gets rid of people who file charts, etc. The middle man can also be cut out of the equation as well. I can order everything online at wholesale prices, so this is why many brick and mortar stores are dying. You don't even need people to do paperwork in companies, it can all be done online. No need to hire people to do it, you can do it yourself. You can program computers to turn on by themselves, perform routine tasks by writing programming scripts, and they can turn themselves off at the end of the day. All the human needs to do is drop the files in the folder, and the computer does everything. Kind of like in a factory, you have input of goods, and output of processed goods. The binary computers we have now are quite limited in what they can do; however, quantum computers can do much more. GPU technology is being employed to make self driving cars a reality, and it is only a few years away. This will destroy many more jobs. Car dealerships will go under, car insurance companies will also die, the people who drive for a living will easily be replaced, and you won't need as many traffic cops when the system becomes fully automated. In the future, if you lose your job to some computer program, robot, or artificial intelligence, you're worthless too.
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  6659.  @radagast1184  If that were true, Hitler, Mussolini, and Tojo weren't violent. LOL Ultra-Nationalists, like Hitler, Mussolini, Augusto Pinochet, Tojo, Franco, and others like them who used violence to get power. They legislate unfair laws to people who don't belong to their race, ethnicity, or other nations. This is why they made Nuremberg laws in Germany, Apartheid in South Africa, and put up all kind of trade barriers. Fascism is an extreme right wing ideology which promotes nationalism. You're claims of nationalism not being inherently violent has been proven false. You're a white nationalist, and you want a all white country. Just like Adolf Hitler, wanted a ethno-state which was all German. Just like in Portugal during the Estado Novo from 1926 to 1974 which was a fascist corporatist state had slogans, like we are going to build our prosperity on the backs of our African colonials. This is why you had insurrections in Portuguese colonies in the 1960s in Angola, and Mozambique. Those countries eventually got their independence. In South Africa, we had the Apartheid state from 1948 to 1994. You had fascist right wing laws which disenfranchised black people, just like you had the Nuremburg laws in Germany that disenfranchised Jews. You guys are full of shit. We should have a world where we have free trade, and laws should apply to everyone equally regardless of the person's ethnicity, race, religion, or creed. This is what we have now. Under the Republican system of government, we are all legally protected under the law regardless of who or what you are . I know most of you losers don't like the idea that you have to compete with other people now, and there are no laws that give you any special privileges or protections. You people are whining about how mainstream platforms, like Facebook, Youtube, Twitter, and others are kicking you off their platforms. When Nazi Germany instituted racist laws, a lot of countries around the world boycotted Germany. During the apartheid regime of South Africa, the U.S.A., Germany, France, U.K., and many other countries conducted economic embargoes against South Africa. This isn't anything new. If you promote your racist ideologies, you too will be ostracized, lose your job, when you are exposed very few people would want to do business with you, etc. People like you will be marginalized, it is that simple. Antifa has a lot hackers, who dox people. You can call them domestic terrorists, and they don't have to really use violence in this information age. Getting people fired from their jobs, or de platformed from mainstream social media is enough. If you can't make a living, you will end up like the millions of people in this country who live and die in the streets.
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  6801. This is why the U.S.A. is falling behind. Instead of putting money building up the country's infrastructure, funding education, and putting money into investments like research & development, and manufacturing facilities which can help society as a whole. Investments are made in financial markets to increase short term profits. You have vulture capitalist firms that don't produce anything of value preying on distressed companies and destroying them from the inside out. A good example would be comparing a Japanese car company to a U.S. car company. A car company like Honda invests money into real R&D, they spend money and time to improve on quality control, and they get input from everyone in the company to improve the company as a whole. Compare that to GM which does everything to cut costs at the expense of quality, cut costs on R&D so better products aren't developed, and focus on how we can give cheap loans to people to buy our products. Even if the products they sell aren't very good. U.S. companies that do business in a country like China are complaining about losing their technologies. Even through the it was in the agreement for them to partner with a Chinese company. After several years, the Chinese sub contractor or contractor gets the technology becomes a direct competitor to those companies. The parable of the greedy dog that saw a reflection of the bone he was holding in the water, and the dog tried to get that bone lost the bone he had. This is what is happening to the U.S.A.. It is rotten from the core.
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