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Originally Posted by thommy
i can easily explain you that
1. because it was SOOOOO FAR BEHIND our economy that i can only grow
2. because they have something what we do not have but need: CHEAP LABOUR
3. because our economy can only grow with new customers - if the rest of the wolrd is poor they can never become customers.
ist that so hard to understand ?
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It's impossible to understand because it's bullshit. People on $1 an hour aren't great customers.
Which is why these prove you wrong.
If they were customers to the West, the West's GDP wouldn't be declining.
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i will just give you a small number to think about.
in 1985 the us was EXPORTING to china a total of 3,8 Billion dollars
in 2016 china bought FROM THE US good in the value of 115,775 Billion dollars
and YES US was IMPORTING in the same year FROM CHINA goods in value of 462,813 billion.
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So why is the US GDP declining?
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and you know for WHAT the MOST of these imports was?
it have been parts of other machines and instruments what US could only EXPORT to other countries because they had an affordable price.
if this parts would NOT be IMPORTED they could not be produced for competitive market price. means they would NOT be produced and NOT be EXPORTED
isnīt that simple ???
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Bullshit is simple.