Quote:
Originally Posted by TCLGirls
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It's possible to make profitable clothing and everything else in the West. It's just more profitable to make it in the Third World. Labour costs are so low in the Third World, it makes up for the shipping costs and then some.
The problem is the Third world started making clothes, then moved to cars, bikes and now putting men into space and building for Boeing and Airbus. Read this to see more.
https://en.wikipedia.org/wiki/Techno...story_of_China
When will it stop? Because if it doesn't the US won't have the power to turn the clock back. At the moment, it will hurt if China chooses to stop buying West's Bonds. Imagine a scenario where China is determining the West economic policies like the EU controls Greece's economy. Because without more money Greece stops.
"America is too strong for that". Only applies while it can increase debt, based on it's economic strength.