Quote:
Originally posted by jb2000
pan & fatdaddy,
Interesting points. Pan, I think you misunderstand what I was saying. I would certainly expect the kind of cutt-throat competition you express regarding cars and steel. However, what I was trying to say is that I don't expect those countries to deprive us of the access to the products. For example, many nations subsidize their steel industry (seen by many as one of the basics of being a 'real' power). They may indeed be driving American companies out of business (although it appears we are out of the worst of it for the moment). But they aren't trying to cut the US off from steel--to the contrary they are eager to sell us as much steel as we want. The same with cars: they may be competing with our car industry but not trying to make America lack access to cars, quite the contrary.
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You make good points in your whole post and I wish I could be so optimistic.
I post what you replied to me, but I do respect your opinion and gained some insight on your entire post.
Of course they don't deny the products to us, first they have to make us dependant upon them (which we aren't quite there yet, but getting there fast at the pace we are going) and secondly the trade deficit is still rising fast. We still are competing but barely. Once China has taken all it needs from us and our trade deficit with them is high enough, they can start calling in the debts. Then what do we do? No industry to speak of, low paying jobs, educationally behind everyone else, what do we do?
It's the newest warfare, and yes Japan started it but couldn't maintain the high levels solely because the Chinese saw what Japan was doing to us and said they could do it because they could pay far less wages and get away with pirating because they have no treaties that say they have to recognize patents and copyrights.
Unlike the Japanese I don't foresee China backing off global domination.