Comments by "DrScopeify" (@drscopeify) on "What's Going on With Shipping?" channel.

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  20. For the last 40 years the western countries were for the most part happy to part ways with lower end industry in exchange for having lower costs for the upper tier manufacturing like Boeing and Airbus, higher standards of living and most of all low inflation regardless of economic situation making it an easy job for central banks in the west. However, this is now coming apart, the costs are rising, inflation is returning and now China is going after upper tier manufacturing. Europe was fine with losing thousands of companies making consumer goods but to lose Airbus? tech industry? Cruise ships building? Tool making? Automotive industry? Now we have a problem. China is more than happy to see Apple and Samsung rush out of China as it no longer cares about lower end manufacturing they want to big players now. They want technology, chip making, ship building, Airplane manufacturing there is no doubt that China feels that they are entitled to move upmarket and making the life of their own citizens better and I can see their side of the story. It's not much different then what happened during the rise of other nations and their impact on a globalized world. However we will now face a glut of higher end industry and with that a missive risk to anyone that cannot compete with China. So, what do we do now? Well we have only 2 options, let China compete with the west's lucrative industry directly or split the world in to a new cold war. On the surface the USA is not interested in a new cold war as said by Joe Biden himself yet he also said that it was time for a new world order. The problem is, so far it sounds like we want it both ways and that is just not going to work. We can start off by subsidizing industry, give money out to Boeing and other big players, ban the import of Chinese made cars but eventually we poke each other enough and that cold war idea is back on the table however it may be too late to win by that point. If you want a new world order the time for that is now or we simply have to brace for the rise of China to it's next phase of development from developing to fully developed country.
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