#1: China Replaces US This Year


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its just a matter of time till US markets loose their pre-eminence if debt and left wing economics shackle American economy. dont get me wrong, even then Us market will continue to be important  but kinda like Nikkie, Hangseng, DAX, FTSE just not THE market people go to raise capital.

 

Please... The economy is the way it is and China's economy is as strong as it is, BECAUSE of over capitalistic tendencies in the US. Way too much is being outsourced. That's where China is getting all of their business from. If you want to blame anyone, blame those who are cutting up companies, shipping middle class jobs away, and making bank off of it.

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Please... The economy is the way it is and China's economy is as strong as it is, BECAUSE of over capitalistic tendencies in the US. Way too much is being outsourced. That's where China is getting all of their business from. If you want to blame anyone, blame those who are cutting up companies, shipping middle class jobs away, and making bank off of it.

its the otherway round, its the very capitalistic nature that helps US have an employment rate at 93% inspite a billion + people who were added to workforce in China and India for near nothing wages and no benefits. Software, Internet and coming ioT revolution has benefits US companies the most.

Manufacturing itself will go through an through an automation revolution, not to mention 3d printing.

 

Does US want to stick to to its capitalistic tendencies and venture into next revolution or "lead from behind" and expend all resources into desperately holding on to old jobs.

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its the otherway round, its the very capitalistic nature that helps US have an employment rate at 93% inspite a billion + people who were added to workforce in China and India for near nothing wages and no benefits. Software, Internet and coming ioT revolution has benefits US companies the most.

Manufacturing itself will go through an through an automation revolution, not to mention 3d printing.

 

Does US want to stick to to its capitalistic tendencies and venture into next revolution or "lead from behind" and expend all resources into desperately holding on to old jobs.

 

The over capitalistic tendencies are killing jobs and moving them away. Those jobs are still needed (hence still being used in China). 3D printing is a pipe dream that is only useful for extremely low volume or one-offs. It will not beat injection molds in price nor speed, stop kidding yourself.

 

An economy is built on the circulation of money. One person purchasing goods and services from another. Then that person does the same. If the bulk of lower wage jobs are removed and the top wages exponentially accumulating more wealth, the economy is going to crumble. Like it has, and is.

 

If nothing is changed and we continue on this course then we will continue to be passed up as a country. First goes the manufacturing jobs, then the intellectual jobs. It will not be long until we'll be seeing more and more of R&D being outsourced. This is already evident of the over reliance of H1Bs. We've already lost manufacturing and as soon as those R&D jobs slip through our fingers we have nothing left and we'll be relegated to a footnote in the history books.

 

Or we could just blame Obama and stick our heads in the sand.

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The over capitalistic tendencies are killing jobs and moving them away. Those jobs are still needed (hence still being used in China). 3D printing is a pipe dream that is only useful for extremely low volume or one-offs. It will not beat injection molds in price nor speed, stop kidding yourself.

 

An economy is built on the circulation of money. One person purchasing goods and services from another. Then that person does the same. If the bulk of lower wage jobs are removed and the top wages exponentially accumulating more wealth, the economy is going to crumble. Like it has, and is.

 

If nothing is changed and we continue on this course then we will continue to be passed up as a country. First goes the manufacturing jobs, then the intellectual jobs. It will not be long until we'll be seeing more and more of R&D being outsourced. This is already evident of the over reliance of H1Bs. We've already lost manufacturing and as soon as those R&D jobs slip through our fingers we have nothing left and we'll be relegated to a footnote in the history books.

 

Or we could just blame Obama and stick our heads in the sand.

not sure if it was deliberate misread by you but where did i say 3d printing is going to replace manufacturing? 3d printing was 

 

US is not entitled to those manufacturing jobs. Chinese do an equal or better job for 10th of the wage. If an American company didnt manufacture in China, the company's national or international competitor would go to china and gain market-share. America excels in creating businesses from seemingly nothing. the big 3 tech companies today were started in garages, American culture had something in it that folks could start businesses with an ease that wasn't possible in any other country.The current trajectory however is away for that culture. Its not just Obama, the problem is oversimplification of economics these days, that focuses on shrinking pie instead of creating wealth. if wealth is not continuously created there will be only so much to circulate.   

 

Regulations are essential and required. too big to fail companies from banks to comcast should be broken up. sovereign wealth funds should be regulated and are fundamentally anticapitalistic in nature.  but no that wont happen,because govt is in bed with the oligarchs. 

 

edit:

read this on verge right after i posted my reply. Tom Wheeler former lobbyist for big cable companies was appointed as FCC chairman by Obama. in may last year. He now was to end net-neutrality to open a new revenue stream for big cable/ media companies.

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