Quote:
Originally Posted by Bladewire
Your error is thinking China is the only country that makes cheap goods.
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of course it is not only the only country but it would take decades for every other country to build the infrastructure that is necessary.
china have all of that.
they have airports and harbours and the logistic in the country to send a good fast and cheap from one place to the other. they have the banking system to make payments and much much more.
out of that china is already in all those countries.
they own factories, streets, harbours, airports, planes and the complete logistic in the most of the asian countries.
most third world countries do not even have the banking system what is obligate for international trade.
so if you look deeper in that you should understand that it is much more as what you see on the first view.
all economists in the whole world agrees that the entire global economy and the entire global economic system will collapse if China goes bankrupt.
the consequences would be felt for over 100 years.
and even if it would be restored after 100 years it is under the same signs. no matter if the country is china again or india or whatever is called.