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originally posted by: jacobe001
Why don't you ask the American Corporations about that, that got in bed with Communist China?
You do know 250 Million Chinese had their lands stolen and bull dozed over and forced to go work in the cities?
That is how Communism works, which you seem to support
originally posted by: Phage
a reply to: onequestion
Nothing. We are selling nothing to China.
Yeah. I know.
China among many other countries have protectionist measures to protect their economy and workers.
Yeah. It was nice when no one else had our industrial capability. Too bad that changed.
While in our country, they threw the doors wide open for unskilled and skilled Americans to compete globally with third world and slave labor so that shareholders could make bank.
I don't like Fruit Loops. I probably wouldn't want to live in China either. I would like to visit, but I wouldn't order Fruit Loops.
If you want a box of fruit loops in China, it will set you back 15 bucks
originally posted by: Phage
a reply to: onequestion
Yeah. I know you don't like the idea of profit.
Why don't you just say that's it's widening the profit margins benefitting the shareholders
The profits they are making are not due to Capitalism though but do to Corporatism where the workers have no freedoms or rights.
originally posted by: onequestion
a reply to: mOjOm
These trade deals are never good for the people they are supposedly.meant to serve they are for the major shareholders and the Elite that's it
originally posted by: Phage
a reply to: onequestion
How much would those products cost if they were manufactured here? Would people buy them? Why, if they are more expensive? Why would manufacturers produce something if it means that people won't buy them or would lose money selling them?
originally posted by: Phage
a reply to: jacobe001
That is how Communism works, which you seem to support
No.
I don't support communism. Quite the opposite, if anything. I think private ownership is a far superior system to government ownership.
Seems the Chinese have been realizing that more and more. Privatization of industry has been increasing there.
The shift is occurring so quickly, and the potential costs are so high, that some fear rural China is once again the site of radical social engineering. Over the past decades, the Communist Party has flip-flopped on peasants’ rights to use land: giving small plots to farm during 1950s land reform, collectivizing a few years later, restoring rights at the start of the reform era and now trying to obliterate small landholders.
Across China, bulldozers are leveling villages that date to long-ago dynasties.
originally posted by: mOjOm
a reply to: jacobe001
Corporatism/Capitalism, what's the difference besides the name, really???
That driving force of American Capitalism/Corporatism is being spread abroad. You know so other countries can get a piece too.
originally posted by: Phage
a reply to: jacobe001
The profits they are making are not due to Capitalism though but do to Corporatism where the workers have no freedoms or rights.
Actually, I was talking about profits by US companies, if you follow the context.
In any case, this thread is not actually about China anyway.
originally posted by: mOjOm
a reply to: jacobe001
As those on the Right keep telling me, Communism is the next logical step to Socialism.
I guess Corporatism is the next logical step in Capitalism.
Yup. And when it is no longer profitable enough the product is dropped. Investors go away. Good news for everyone.
I guess they would not make as much profits eh?
None. Nor is there a limit on how much they can lose. Shareholders don't like losing money. Limiting gains does not encourage investment.
Say...we know the limit on minimum wage, what is the maximum limit for shareholders?
Both China and Europe, as well as a number of other places are part of our market (as well as our supply). The agreement of the OP is not about China.
If we are doing business with China then it has everything to do with us as well.
They become part of our market place with supply and demand and all the economic rules that go along with it
Also their is a disagreement on ISDS (Investor-state dispute settlement).
The EU want's a public institute where arbitration cases are settled, the US is opposed to this, they do not want it.
The Government has not and will not accept provisions that limit its capacity to put health warnings or plain packaging requirements on tobacco products or its ability to continue the Pharmaceutical Benefits Scheme... In the past, Australian Governments have sought the inclusion of investor-state dispute resolution procedures in trade agreements with developing countries at the behest of Australian businesses. The Gillard Government will discontinue this practice.