| Cerebralbore101 said: We wouldn't need a trade war if we went back to being the well oiled mixed economy we were in the 50's, and 60's. It was a mix of government and capitalism at its best. The government regulated industries, and funded research that few corporations would bother with (due to a high risk to profit ratio, or no profits for decades). Then once the research was complete the government would give this research and/or tech away for free to american companies. Example: Microsoft, Amazon, and Google wouldn't be billion dollar companies if not for the invention of the internet. Also, the government would fund schools, so that people didn't have to go into massive student loan debt. But guess who gutted the mixed economy in the 70's, 80's, and 90's? The Republicans. If China beats us economically, it is because they have a better mixed economy than we do. Pure communism failed with the soviet union. China is Communist with just enough capitalist features to make it not all fall apart. |
Doubt it, America then was dominant because of surrounding circumstances during that time and not down to policies ... (the entire world suffered massively from the after effects of WWII in comparison to the US only seeing pearl harbour getting attacked)
Government funding for research has only ever proven to be effective at the large scale when attempting to reverse engineer goods from current market leaders to be able to catch up to them but even with state subsidies it has been a huge undertaking by the Chinese government to recreate/rediscover every bit of western technology and sometimes it's a success to the point where Huawei is the leading edge carrier equipment provider and other times like we see with Fujian Jinhua who's been trying to make DRAM with results that have been less than impressive so far despite pouring in billions from the government itself ... (government subsidies do very little once you're the market leader)
People didn't get student loan debts back then because there was a smaller market for post-secondary education so the schools charged less and there were less enrollments as well ...
If China beats America, it'll be because what they've reverse engineered isn't much behind the leading market leader and they provide abundant high quality labour as well. Mixed economy ? LOL, you must be kidding ...
China has a 996 hour working hour system, no freedom of movement even within their own country, far worse income inequalities than the western world, anti-union laws, far less generous subsidies/employee benefits and if there was ever a scale from 1-10 rating just how capitalistic each nation is with the US rating at 10 then China would be rated at 11 because that's just how competitively ruthless their system is ...
A trade war is necessary to curb stomp China's ascent because if one nation has the ability to truly bankrupt America then it's China and only China ...
