| Soundwave said: No again, it's stupidity sold to people who have very minimal understanding of business or finance. Americans buy a ton of SHIT. Of course they are going to have a trade deficet with a country like China, the average Chinese person can't buy two cars, four TVs, three game consoles, four phones, three closets full of clothes, per household etc. etc. etc. The average Chinese person makes less than $5000 *for an entire year* and they work themselves damn near to death in conditions that most Americans would pass out in after 15 minutes. It's natural the US would have a trade deficet there and with anyone, they are the largest consumer market in the world which means they consume the most products. Also it's not as if a product made in China goes to "The Chinese Money Pile". The bulk of the money made from an iPhone made in China goes to APPLE, an American company which then pays out stock dividends to its investors (the majority of whom are in America). Apple also employs several thousand people in America. American companies, products, celebrities, music, cinema, culture, dominate the world, this is like someone saying America is doing terrible at the Olympic Games because they're not winning in every event even though they are winning the most medals. There's "American exceptionalism" and then there's just being a blow hard insecure prick. |
It really isn't stupidity, it's just the TRUTH! We all realize that America is the biggest consumer and that will probably be the downfall of it's own economy and it doesn't help that democrats are not willing to see that social security funds are a liability and not an asset which will further exasperate the issue ...
You're right that not all of the products produced in China get the full cut in profits but think of it like this ...
EVERYTIME you buy a product made in a foreign country the empolyees over there are guaranteed an X amount of profit from the products sold. If a person buys an apple for $5 from another country that $5 is NEVER coming BACK to our own economy UNLESS we we trade something for that $5 ...
Whether you like it or not we've engaged in an economic war of attrition with China ... (We are probably going to go broke unless we can find ourselves another economic miracle since China is playing a very tough game with us.)
