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Thread: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    The good times will return when Obama is causing trouble someplace else and the business community is left alone to fix the economy.

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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by Councilman View Post
    The good times will return when Obama is causing trouble someplace else and the business community is left alone to fix the economy.
    Was it not the actions of the "business community" that put us in this place to begin with? Oh wait, government wrote, issued, insured, and exported the toxic mortgages that infected the global financial system.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by ludahai View Post
    Similar, but more extreme.
    Not really

    China has far more foreign manufactures within it then does SK or Japan. Non Chinese automakers hold a higher market share of the Chinese automarket then do foreign carmakers in Japan or SK. Both SK and Japan have placed restrictions on foreign imports.

    The only real difference is that China is a far larger country, and it does not put alot of effort into trademark and patent protection
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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by Goldenboy219 View Post
    It is shows a great deal of disrespect to lump the economic policies of China and Japan in the same context....
    Really?

    Japan and SK have not protected domestic markets to ensure the development of domestic industries. Is not China doing the same to promote its own domestic industries?

    The main difference would be in patent protection and trademarks/copyrights. To which China does not enforce very well.
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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by Councilman View Post
    The good times will return when Obama is causing trouble someplace else and the business community is left alone to fix the economy.
    They did such a wonderfull job during the tech bubble and the housing bubble
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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by Goldenboy219 View Post
    It is shows a great deal of disrespect to lump the economic policies of China and Japan in the same context....
    I'm with Lord T on this one. Japan had and still has a restrictive market. Japan for years used agricultural reasons to keep out competition. Furthermore, Japan's Iron Triangle basically acted as a protection method by funneling government contracts to select Japanese businesses over foreign competition. I don't know if it was as bad as France's but Japan does have protected domestic markets. As for South Korea, Park's regime kept out foreign competition while funneling resources to specific export industries in a planned economy.

    The main difference is IP rights, but I think Lord T missed something important. While China basically fails to enforce IP rights, it also mandates that foreign investors hand over their IP through forced technology transfers as part of the deal to invest into China. It's not just lack of protection, it's essentially pillaging IP.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by Harry Guerrilla View Post
    I've been saying this for some time.
    We aren't the only economic power house in the world anymore.
    We have to realize that the world market has other competitors.

    I'm quite sick of people pining for the good ole days in the 50's, 60's and 70's.
    good point and remember that American wasn't a world power house prior to the turn of the last century and into the middle, yet we did just fine.

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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by obvious Child View Post
    I'm with Lord T on this one. Japan had and still has a restrictive market. Japan for years used agricultural reasons to keep out competition. Furthermore, Japan's Iron Triangle basically acted as a protection method by funneling government contracts to select Japanese businesses over foreign competition. I don't know if it was as bad as France's but Japan does have protected domestic markets. As for South Korea, Park's regime kept out foreign competition while funneling resources to specific export industries in a planned economy.

    The main difference is IP rights, but I think Lord T missed something important. While China basically fails to enforce IP rights, it also mandates that foreign investors hand over their IP through forced technology transfers as part of the deal to invest into China. It's not just lack of protection, it's essentially pillaging IP.
    I was going to comment about the joint ventures that China tends to require for most manufacturing that is going to be for its domestic markets.

    Even with the IP transferrs foreign automakers have made larger inroads into the Chinese market then they have into the SK or Japanese ones ( possible exception with SK with GM owning a significant chunk of Daewoo
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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by deltabtry View Post
    good point and remember that American wasn't a world power house prior to the turn of the last century and into the middle, yet we did just fine.
    The main issue is going to be the decline in the US standard of living for much of the population. Competition and trade does not always lift all boats. The decline in Michigan was offset by the rise in Japan and the US southeast. Mich declined with the US southeast gained. China and India will see gains, while we will see loses.
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    Re: CHINA: "America Needs To Accept The Painful Fact That The Good Old Days Are Over"

    Quote Originally Posted by Lord Tammerlain View Post
    The main issue is going to be the decline in the US standard of living for much of the population. Competition and trade does not always lift all boats. The decline in Michigan was offset by the rise in Japan and the US southeast. Mich declined with the US southeast gained. China and India will see gains, while we will see loses.
    Your probably right and the decline that we will see here will be a reset button..I hope anyway.

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