Comments by "Norma Mimosa" (@normamimosa5991) on "Tucker: Extortion from China is the real threat" video.

Ouch! You should do your research before posting. The U.S. is the second largest world exporter after China; however this scenario is a great example of the importance of bringing manufacturing back to America.
12
@pringerx5768 Indeed. No manufacturing in U.S; no purchase of raw materials. China needs U.S. more than the U.S. needs China -- and, by the way, prison time for individuals who sell precious uranium resources to Russia.
2
@ethanpetersen3089 Disagree on one point. economic sense of consuming more goods as a result of lower prices. There are so many layers of sound arguments against that. Seems you have fallen for the conventional wisdom of dated economics texts. Those professors rattling off the same junk without thought or reason! The advent of NAFTA and outsourcing the manufacture of products has been devastating and highly destructive for countries who fell for that line of thinking.
1
@ethanpetersen3089 You forget that a large part of those Chinese goods are not produced and marketed to the U.S. by China. They are produced by American companies for American consumers, driving down American jobs, wages and manufacturing, big time. The same scenario throughout the West. Creating more economic and societal ills than ever existed before some theoretical economist who had never worked in industry came up with the notion of competitive advantage.
1
@Adrian_M Indeed. In fact GDP is a highly flawed measurement of wealth, requiring more and more people to maintain more and more growth. It is, in fact, a road to ultimate doom.
1
@Freeman319 Actually, it is the other way around. China needs the US far more than the US needs China. Think back when China was in a thick cloud of destruction under total societal and commercial communism. the U.S. was just fine with very few "Made in China" stamps on its products.
1
@ethanpetersen3089 You sound as if you have just spent a year or two in an economics madrasa. Rattling off the words to learn them off by heart, without any reading between the lines, thought, challenges, or innovation. I think you'll find that competitive advantage for highly strategic materials goes out the window. Perhaps it's time for it to go out the window in the manufacture of strategic drugs. A quick look at the. US manufacturing needs of the pharmaceutical industry tells me that China does not need to be a part of it.
1
@Freeman319 One day China will likely be the super power, especially with US liberal governments. Nevertheless, I suggest you take a look at the huge debt bubble in China right now. An explosion waiting to happen.
1
@ethanpetersen3089 NEWS FLASH: Economics is NOT BASED ON SCIENCE. It is based on economics THEORY that is top heavy with assumptions. That's why it just doesn't turn out the way economists want it to turn out. I'll give you that you have obviously taken economics. So have I. Worked in the financial/investment industry and business (others and my own) for years. Have also witnessed the massive economic and societal problems (for all trading partners -- exporters and consumers), the outsourcing and insourcing of cheap labor being one of the most dire and destructive for the developed and undeveloped world, large scale environmental destruction being one of them. Now if you want to talk about how population factors in, then that is another matter. Having said that, as it stands today, it is vitally important that President Trump is re-elected, otherwise the US and the world are in for a very rough time.
1
@ethanpetersen3089 Competitive Advantage is an economics theory that doesn't quite work out the way it is supposed to as it is written in economics texts. On that note, spend some time reading up on China's currency manipulation to maintain its advantage.
1
@ethanpetersen3089 Problem? Human beings are not rational. Was nice talking with you.
1