Comments by "The English Channel" (@OnlineEnglish-wl5rp) on "VisualEconomik EN" channel.

  1.  @lps8966  The hard truth being what exactly? Europeans and Americans have spent 100 years developing the car industry, China's copied everything and now acts like its superior? Why do the Koreans and Japanese not behave like this despite excelling in that field?
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  2. I've always thought the principle issue in America is the concept of the "loser" - that if you're unemployed or on a low income it's ALL YOUR FAULT. Rather than the fact that the economy has a very obvious structure to it and that that structure is determined by very powerful people
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  3. Of course, it's not in their self interest for this to happen, particularly given the political dimensions. It's why all the Chinese nationalists are getting excited under this video. Europeans were fine with Japanese and Korean cars.
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  4.  @ArawnOfAnnwn  You've already been corrected elsewhere about the Plaza Accords
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  5.  @dasamkoo2012  Japan and Korea, especially Japan, have precisely no reason at all to ally themselves with a historic enemy of that size. You guys are so eaten up about America that you forget that countries also choose their allies. The Japanese are not being forced by the Americans to rearm like they are. They are doing so for their own reasons. The Koreans have the small matter of North Korea to contend with and behind them stand the Chinese So, as I said it's not in the interests of anyone in that bloc to allow China to become too dominant. This is just the way of the world But back to the main point: why would European producers willingly give up market share?
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  6. The property pricesaree killing people the most but they don't feel like they can complain about them so their minds turn to tax. The taxes are high because the super rich have every means possible of avoiding tax. And yet we have to bail out their paper wealth when the banks collapsed. We also live in the most privatised states in the world. A vast proportion of public money is diverted to subsidised public utilities, outsourcing companies and then things like tax credits for low wage employers and housing benefit for landlords
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  7. So why did the Koreans use protectionism? And why don't the Chinese fully open their economy like the West did for so long? Why don't you bring in even cheaper labour for example? The answer is it wouldn't be in your self interest to do so. Why then shouldnt Europe pursue its own self interest?
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  8.  @amandagrant4331  Who doesn't? There is endless internal discussion in Europe. You're just projecting your own obsession with the West
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  9.  @xiphoid2011  So Germany and Japan didn't become two of the richest countries in the world through their own manufacturing success? Britain wasn't the richest country in the world as a result of its scientific and industrial revolutions - "the workshop of the world"? Have you ever tried engaging with history???
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  10.  @pipiqiqi4010  Yes because they're acting in their self interest. Just as you Chinese do all the time. If you didn't need to buy VW, you wouldn't have. I've had long enough experience with Chinese people to know that I would never ever want you to have any leverage over me whatsoever
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  11.  @GGY-yh6li  To what extent, if any, does the real estate / non-banking financial system debt impact on this plan? Reduced consumer demand. Anything else?
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  12. Well the US is where neoliberalism got started.
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  13. Well if we're so terribly short if labour why aren't those wages rising? Is it because we aren't actually short of labour at all and actually have disguised mass unemployment?
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  14. High taxes because the big corporates, banks and billionaires have every means of avoiding tax yet expect everyone else to bail out their bad investments when the banks crashed The British state is almost entirely privatised so where do you think your taxes really end up?
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  15. Very interesting
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  16. High taxes because the big corporates, banks and billionaires have every means of avoiding tax yet expect everyone else to bail out their bad investments when the banks crashed The British state is almost entirely privatised si quite obviously most of your taxes end up in private pockets as well
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  17.  @ProgressIsTheOnlyEvolution  Africa and South America are poor for reasons which go beyond exploitation, yes.
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  18.  @ruemignon  The point they were making was about foreign competition. In any case, it's s not in Europe's interests to lose market share to China
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  19.  monipenny408  Which wars have the EU started? America is involved in Ukraine, the Europeans only a minor role China of course has plenty of money for the second biggest defence budget in the world and plans to invade Taiwan
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  20.  @amandagrant4331  They started to realise that the Chinese would never open up their economy like the West has
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  21. Yes, it's called protecting their self interest. Just as the Chinese do. Just as the Koreans used protectionism. Globalisation actually only really benefitted Western corporate elites. You might note that the Chinese have never opened up their economies like the West has Would you like to see Western countries fall? ; )
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  22.  @skydivekrazy76  Remind us who was it who first introduced "forced theft"? Oh yes it was the wealthy who used the State to enrich themselves. It's funny how the private property guys didn't object to taxes when they just funded the coercive parts of the state like the police and the military. Once they started being used to help ordinary people, the claws came out
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  23. Well the US also imposes mass unemployment via mass immigration. The oversut of labour is the key to the power of the business class over the rest of society.
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  24. Protectionism was how Korea built its economy. It sounds like the Chinese fear losing market share... Yet of course they would always ruthlessly protect their own markets if necessary
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  25.  @ArawnOfAnnwn  Indeed. Good comment
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  26. LOL says the Chinese who've cultivated an epic grudge and victim complex about the West for things which happened over 150 years ago
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  27.  @Lee-pf6od  The Chinese want all the benefits of globalisation but would NEVER open their economy up to Western or other foreign money like they have taken advantage of around the world. They ruthlessly pursue their own self interest and it's perfectly normal that Europe should what it takes to protect theirs.
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  28. Productivity is sluggish because companies prefer a vast oversupply of cheap labour than investing in new equipment. The country is grossly overpopulated and hopelessly dependent on food imports
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  29. The issue in many of the markets you mention will be whether they have the grid capacity to keep EVs running. Some of those places are not exactly famous for reliable infrastructure
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  30.  @jeanhuynh8548  Oil rich Abu Dhabi - which itself is run by foreigners - is not Latin America or Africa
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  31. Economic inequality in Europe hasn't been higher since before the war. The corporate class has had a field day since the end of the Cold War and it's they who are responsible for outsourcing so much of Europe's productive capacity. Ditto in America. They've absolutely gutted their own countries and created vast social problems, especially in America and Britain. China's advantage lies in having a huge population where they can promote such a culture.
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  32.  @xiphoid2011  When the USSR and China were state socialist, the West was also social democratic and had far better living standards for everyone without the huge social problems that exist today. Your thinking is actually extremely reductive and you're basically shilling for the corporate class which has sold the West out.
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  33.  @logician3641  Yes, we don't want to be like America where you allow people to sleep in their cars, have tent cities and for people to bankrupt themselves to pay their medical bills. "Land of the free"? "Home of the brave"? Land of the s---t upon from a very great height
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  34.  @xiphoid2011  I bet you're about 19 and are a libertarian. What's wrong with using Russian gas? You're all for free trade arent' you?
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  35.  monipenny408  Who's "blaming"? The world doesn't work in this silly infantile way. The Europeans are losing market share. It's not in their interests to let that continue.
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  36.  @GGY-yh6li  We're talking about private debt here. The balance sheet for non-banking financial sector debt is astronomical. It cannot be written down without enormous pain. And I know that because it's exactly what happened in the West in 2008 Having lived in China I am not particularly sympathetic to the place but I take precisely zero pleasure in this situation because it is not going to end well and that will impact on all of us.
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  37.  @GGY-yh6li  We live in a globalised world with all kinds of deep interconnections through trade. China will, for example, stop selling medicine to the West
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  38. The number of people in work has never been higher and there are only 900,000 job vacancies (Google the figures) at any one time so what all those people supposed to do for money? Tbe fact is we abandoned Full Employment in 1976 and the business class and Tories won't ever let it return without a fight. 450 people applied for a cleaning job in the West Midlands the other week, so quite obviously the claims about "laziness" are just media lies to distract from where the real blame lies. If employers were really desperate for workers wages would be going up and up If the Establishment is determined to replace its own people through mass immigration, impose a low wage, high housing cost model at the same time as relentlessly denigrating the national culture and history, it's no wonder so many people are ill. They're in an impossible situation
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  39. Oh please, families started to break up in the 80s when the Reaganites and Thatcherites came to power and started imposing mass unemployment to break organised labour. The welfare state was what prevented total socisl collapse in the areas affected. Your understanding is the reverse of what actually happened Now we have mass unemployment imposed via mass immigration and the continual offshoring of jobs
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  40. Ireland is no better, it's just a tax haven for the American multinationals which have hollowed out the West
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  41. He'll have got them from the Right wing press which always seeks to blame ordinary people for the consequences of neoliberal economic policy There's never been more people in work. The truth is our countries are grossly overpopulated and we have disguised mass unemployment. They are straight up lying about how many people are actually here
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  42.  @ProgressIsTheOnlyEvolution  Shouldn't what?
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  43.  @ArawnOfAnnwn  Of course it copied everything. It has adopted all the knowledge, science, engineering, production techniques etc etc first invented in the West and then developed in Korea and Japan. And it has engaged in epic levels of IP theft. If you think I'm being petty, just dip your toes in the waters of Chinese nationalism. Their country produces one little innovation like say Wechat, Musk seeks to imitate it and the Chinese all crow about it. It's pathetic
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  44. The issue is the super rich don't pay so you do. They then invest in massive property bubbles created by the banks issuing ever greater amounts of new money. This pushes up your housing costs further draining your income. Then when the banks crash you have to pay to bail them out They will have people killing each other in the streets before they give up on this model
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  45. I'm not. Ideological free marketeers are bitterly opposed to wealth redistribution unless its upwards. "Land of the free"? "Home of the brave"? Land of the sh-t upon from a very great height America has an aristocracy and the game is completely rigged in their favour
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  46.  @ProgressIsTheOnlyEvolution  They're exploited principally by their own elites. I've been to South America four times spending over a year in total there. The US could have nothing to do with the place and their local elites and middle classes would still have the same views.
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  47. Oh please, the public sector has been relentlessly attacked for 14 years now. And it's pretty much been completely privatised or outsourced to the likes of Serco and Capita You just can't accept that your ideology is parasitising your own country
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  48.  @polysporin8332  It's taken vast amounts of Western IP, you mean. It's also taken the insane financial practices pioneered by Western banks and blown an epic ponzi scheme
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  49.  @wangyaohan8824  You know what's also risky? Allowing non-banking financial vehicles to create exponential amounts of loans via fiat currency and blowing an astronomical housing bubble. Like China has done. And it's not as if it couldn't be seen how this would play given what happened in the West in 2008
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  50.  @wangyaohan8824  Yeah well if they crater the Chinese economy, the knock effects will be felt everywhere But tell me again about your theories of human nature vs innovation? You were saying welfare states inhibit innovation but haven't explained why countries without welfare states are still dumps?
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