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Ray Bod
Bloomberg Television
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Comments by "Ray Bod" (@raybod1775) on "The World Is Starting to Unravel, Says Foreign Affairs' Rose" video.
Cary Clan I worked at Sears headquarters 40 years ago, saw how backwards thinking and self-serving the management was and left.
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Europe and the United States opened up trade to China with over a billion impoverished and desperate people, what did they expect would happen? Of course the West would become poorer and China would become wealthier because of their massive cheap labor. The thing the West didn't count on was China would immediately embrace mercantilism and education as it had in its historical past and throw communism out the window. It all happened in my lifetime and I'm amazed at China's success and change to a modern society as I am amazed at my own country, the United States, willingness to let 90% of its population suffer so the wealthiest, especially the 1%, walk away with all the wealth created by trade with China. Please don't blame the Chinese for working so hard and being patriotic.
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The wealthy elites couldn't sell out America fast enough to make themselves richer.
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Brian Tweed The United States can't afford to run the world any longer. We need to get out of NATO, the EU has an economy bigger than ours. The Asian economies outside of China have enough wealth to unite and protect themselves. The Middle East has always been a mess, we can't make it better. The cost of the eternal war in Afghanistan is bleeding our wealth. We should never have opened up trade with China, we should never have allowed our industry to be sold on the cheap overseas. But the boat has sailed and we need China as its now integrated in our economy. We just have to deal with it as well as we can.
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Brian Tweed I've read and viewed all that you mentioned. What shifted my thinking was all the positive contributions Chinese companies have made, including many well made products and thousands of patents. China will build its military, but there's no reason for military conflict, especially with the U.S. because of mutual assured destruction.
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David Russell Nothing ever changes. The elites used to be the Royal families (like in the Middle East), but they are all the same; loyalty to your wealthy class and kind. 90% of elites have zero patriotism and no care for the bottom 90%. That how industry got sold on the cheap to China, people in the U.S. got their pensions stolen and how most workers in the U.S. have to compete against the poorest workers in the world. It was all done for the purpose of enriching the wealthiest and keeping everyone else downtrodden.
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Cary Clan What you say is true, but some day the pied piper will be paid. The U.S. economy keeps becoming a smaller component of the global economy due to our overspending on the military and over dependence on military power to get our way. China has a way smarter plan of dominance and global influence through trade. Remember that Britain was once the global superpower with the Sterling as the global currency. I'm sure at some point China will decide it is big enough to replace the dollar with some other trading currency, along with Europe. At which point the dollar will become fairly worthless and we pay for all our financial sins.
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