posted on Oct, 12 2006 @ 02:22 AM
Haha, was looking at some of my old posts, and boy I used to not understand things. Since this thread, I've taken some economics courses in
Everyone benefits from trade. China gives us cheaper products, we don't lose money; we simply have more money to do what we do best a lower price,
and thus there is a resulting greater amount of net goods total from that the USA and China produce due to increased net effieciency, and through
trade, we can get each get more than we would by producing everything by ourselves.
So, China getting big helps us get big. Everyone a competing power with free trade = everyone gets richer, even if some get more powerful =)
EDIT: I just read the new policy for this forum. This thread was fine when I made it, but it should probably be moved now.
[edit on 10/12/06 by RedDragon]