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U.S. China Trade War Kicks Up Another Notch - What Happened To FREE MARKET Capitalism.?

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posted on Apr, 8 2018 @ 08:28 AM
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originally posted by: carewemust
a reply to: DupontDeux

If China is "ripping us off" to the tune of $400 billion @ year, as the President states, let's quit doing business with them. If your mechanic is charging too much, get another one. Right?



Then start buying more expensive products that help companies flip the bill for being more environmentally protective and give their workers a wage that betters thier standard of living. So simple, but people love their cheap crap.

Way back in the seventies, about 90% of homes had a console TV, two or three radios, a phone attached by wire, a stove, a crockpot, and a refrigerator. Maybe an encyclopedia?

And let’s see, no video games. No home computers. Photography was not wide spread. No access to the internet. No caller ID. No cell phones. Not even VHS players. Just reel to reel movies and a project. Credit card purchases were made by placing a credit card in a manual press that created a carbon copy receipt for the individual to sign. Sorry, rant over.
edit on 8-4-2018 by neutronflux because: Added and fixed

edit on 8-4-2018 by neutronflux because: Fixed more




posted on Apr, 8 2018 @ 09:46 AM
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I think it is a broader issue than trade deficits. China is pumping mad cash into Pakistan to buy influence into whats called the Chinese-Pakistan Economic Corridor. So far it's $60 billion, but will probably be more. Estimates are 1.5 to 2 million jobs and 2-3% growth. This COULD have an interesting effect later on with India who we know loathe the Pakistanis. Both countries have Nukes BTW.

I think this may be a way to divert Chinas expansion policies.



posted on Apr, 8 2018 @ 02:11 PM
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What happened to free market capitalism? Really, you had not noticed before that America does not practice true capitalism, much less free market capitalism. For years, companies profit from all sorts of market manipulations, many of which have been legalized by our government; you know, the one that works for us. The way it works in America, risk and loss are socialized, profits are privatized. Capitalism, what a farce.



posted on Apr, 8 2018 @ 02:18 PM
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originally posted by: carewemust
a reply to: NobodiesNormal


If we feel that China is attempting to destroy our free-market, wouldn't it be prudent to simply ban all Chinese goods that are priced artificially low?


what free market?...both countries have hundreds of tariffs against each other....you want a free market?...go to Somalia.



posted on Apr, 8 2018 @ 05:19 PM
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No democracy or republic should be doIng business with a communist dictatorship



posted on Apr, 9 2018 @ 10:25 PM
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originally posted by: RadioRobert
a reply to: OccamsRazor04

Tariffs are just his tool to either slow the trade imbalance or open Chinese markets with fair trade.

Just like threatening to pull out of NAFTA wasn't to raise new tariffs but to negotiate a better deal.

Just like threatening to 86 the trade agreement with South Korea produced massively underreported con cessions from Seoul.


We have enormous leverage with a multi-trillion dollar consumer market. We just never use it because Wall St. only cares about cheap labor and profit margin, not the US industrial base or American workers. And Wall St owns the press (and more than a few politicians).


Don't look now, but ...
China reducing tariffs; opening markets


Chinese President Xi Jinping said Tuesday China will significantly lower the import tariffs for vehicles and reduce import tariffs for some other products this year...

The country will work hard to import more products that are competitive and needed by the Chinese people, he said.

China will also seek faster progress toward joining the WTO Government Procurement Agreement, according to the president.

"China does not seek trade surplus; we have a genuine desire to increase imports and achieve greater balance of international payments under the current account," he said.


Looks like we have progress toward a new deal. Now we drop them a sop, and both sides will smile and claim win-win.



posted on Apr, 10 2018 @ 01:06 PM
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originally posted by: RadioRobert

originally posted by: RadioRobert
a reply to: OccamsRazor04

Tariffs are just his tool to either slow the trade imbalance or open Chinese markets with fair trade.

Just like threatening to pull out of NAFTA wasn't to raise new tariffs but to negotiate a better deal.

Just like threatening to 86 the trade agreement with South Korea produced massively underreported con cessions from Seoul.


We have enormous leverage with a multi-trillion dollar consumer market. We just never use it because Wall St. only cares about cheap labor and profit margin, not the US industrial base or American workers. And Wall St owns the press (and more than a few politicians).


Don't look now, but ...
China reducing tariffs; opening markets


Chinese President Xi Jinping said Tuesday China will significantly lower the import tariffs for vehicles and reduce import tariffs for some other products this year...

The country will work hard to import more products that are competitive and needed by the Chinese people, he said.

China will also seek faster progress toward joining the WTO Government Procurement Agreement, according to the president.

"China does not seek trade surplus; we have a genuine desire to increase imports and achieve greater balance of international payments under the current account," he said.


Looks like we have progress toward a new deal. Now we drop them a sop, and both sides will smile and claim win-win.


In the perspective given by cable news I can see how you would take a headline like this to heart.

In the reality of global economics, research, innovation and production the posturing you seem to think wins or loses are played out in these headlines.

The reality is far more complex.

As what seems to be a newly aquired attention to economics you should know this has been how China has been talking for years.

Innovation is developing rapidly for them and the ultra controlled communist party is able to direct the national economy towards reality on the ground revamp or redirect economic conditions at will. It's an unfair advantage Nixon opened up to control inflation and secure Keynesian economics as a plan to use the CPI to judge and control inflation.

Enter cheap goods but also the transfer of pollution to other developing nations. After cancer rates and birth defects reached terrible levels and lakes and rivers caught fire.

China has been mass investing in renewable energy for their infrastructure 3 to 1 even to Obama. They are looking to be more like the US Uk, Canada etc and have more white collar import based economic structure.




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