The rich got much richer, resulting in falling standards of living for ordinary citizens.
Trump wants to accelerate that….and you are applauding
the trade war heats up: China stops exports of gallium, germanium, antimony, graphite, and tungsten to USA
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Trump wants to accelerate that….and you are applauding
You've almost got the jist of what's been happening after 40 years of globalisation, globalisation that promised cheap goods for the masses and higher paid jobs to pay for those goods. Didn't happen did it? The rich got exponentially richer and the poor got poorer, globalisation of 'Labour markets' exacerbated that trend even further.
Pre covid some of the wealthiest attending Davos spoke about how to slowly partially unwind globalisation for fear of eventual civil unrest. Nobody knew how to go about it, in the meantime, China became increasingly wealthy and richer while the West grew poorer.
Trumps approach has been simple, just take a sledge hammer to it.
I don't know if this approach will work, I doubt he does either. If it doesn't work, the West will eventually be subserviant to China, Russia, Iran and N.Korea.
Good luck with that.
He could have used a scalpel instead.
He has to make a difference for voters before the mid terms, aint going to achieve that with a scalpel.
Are you a marxist, thats a great analysis.
The West has done exceptionally well out of getting Chinna to manufacture its goods, for example I pay less now for 2kg sds drill tnan i did 30 years ago.
Thats not simplicity, its bully boy business tactics which Bejing is standing up to.
What the West needs to do is ensure there is a fair balance between extreme wealth and poverty. As a low tax economy compared to Europe we are unlikely to achieve that. The privatisation of steel is a good example of the consequences of blindly applying free market principles. We are economically less powerful than Chinna, we just need to avoid letting them control our steel and nuclear infrastructure. They are in it for the long game, their reaction to Trumpf is just a hint of what they are capable of doing.
Three paragraphs disagreeing with me and the final paragraph backing up everything I said.
This is the sad and frustrating thing. If our world 'leaders' genuinely wanted to live peacefully and to benefit their citizens as far as possible, the world could be a much better place.
Unfortunately that's not the way it works. Meanwhile, innocent people are working for pennies, abused or killed, all at the whim of these 'amazing' leaders.
And please, I don't need a lecture from anyone on how it's not as straightforward as that, I'm well aware thanks
Far rage’s political observations, if not his policies, are a lot like Tony Benn’s were in many respects
The rich got exponentially richer and the poor got poorer…..because voters kept on voting in Conservatives and Republicans, oh and Brexit.
Filly, you have spent your life voting for the rich to get richer…..you believe in unregulated free market economies and that’s what you get: wealth inequality
Trump who you massively support is putting policies to massively increase the wealth of the richest people and making the poor poorer.
You understand what’s happening….you just don’t understand the cause…in fact you vote for it.
Utter bollax. Trump is as much for globalisation as anyone, He just wants the US (billionaires) to be the main beneficiary at a cost to everyone else. Seems like no one wants to play ball. China have more or less told him to fúck off.
He's in the process of dismantling globalisation.
We wont, despite the fact a week ago they almost succeeded in destroying what little was left of our steel industry, and despite the fact it's no longer an open secret that they're funding Russia and Iran.
Do you really think China are our friends.
Nonsense.
Having kept it going all these years. Our steel industry was bu99ered long ago.
Oh. Does that mean Trumps kick-backs and Boris's funding came directly from China?
You don't have friends in business. However in answer to your question - we need China to manufacture our goods cheaply - yes.
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Do you really think USA under trump is our friend ?
And we now aren't big enough to not need friends.
So it comes down to who is doing us least harm. Pick your side, but it looks like around the world China is going to pick up what USA is dropping.
If he's not trying to dismantle globalisation what's all the fuss about, read the room.
It's been buggered since I was a boy but today there is the realisation that it really is necessary in terms of national security.
Up to a point. But one day China will wage a war against the West. If they have the ability to switch off all our cars, monitor every move on our Chinese phones and cut off our steel supply making us unable to re-arm, it could be over without a shot being fired, you're kids will need to start learning Mandarin.
Is that really what you want?
