China to Supplant U.S. as World's Top Manufacturer, thanks to America generosity

Yes China is at it again, they are becoming the most growing industrial nation in the world, thanks to the generosity of Americas moron leaders that have allowed the best companies in the US to move to China while leaching American jobs.

America has been losing manufacturing capacity, jobs and precious technology for decades as the nation transitions to a more service-centric economy, however, it still remains the world’s top producer of goods, according to a new report by IHS Global Insight.

For over the past 100-years now, America has sat upon the throne as the world’s foremost manufacturing power, unseating Britain in the 1890s. But, according to the new study, China will soon pass the U.S.

Last year, America accounted for 19.9 percent of the world’s 8.6 trillion manufacturing output, amounting to 1.7 trillion worth of goods.

China was hot on America’s heels. Beijing was responsible for 18.6 percent of the world’s manufacturing output and 1.6 trillion worth of goods.

At the current pace, China could pass the U.S. as soon as next year, according to the report. Predictions from earlier in the decade predicted that China would pass the U.S. by 2009. However, due to the recession slowing economic activity around the globe, it may be two years later than originally assumed.

What it took America to achieve in generations China is accomplishing in only decades and now just one more year.

Our nation national security is in jeopardy and nobody cares

www.economyincrisis.org...




[edit on 22-6-2010 by marg6043]

Same for much of the West Marge.

Of course, the big shareholders (mainly big banks) and the board members of those corporations that outsourced abroad, all still get their big salaries and probably even bonuses for cutting the labour costs.
Thing is, those who lost their jobs can no longer afford to be the good little consumers that they used to be due to not having the good paid jobs any more.
That means they pay less tax, if they are lucky enough to even get another job, and can no longer afford to buy the consumer products they used to make themselves.

This matters little (or likely nothing at all) to the board room boys and Wall Street of course.

One other sad factor that contributed to the decline in u.s manufacturing.. Most american workers spend more time skiving than working yet expect a full paycheck instead of the ethic of an honest days work for an honest days pay.. Why should employers pay people to skive on company time ?

This doesn't come as a shock to me at all. I worked as a line operator in a sheet metal processing plant and that job got outsourced to China in '01.

You know many experts has been warning that America will not longer be able to support its own economy with service jobs.

We are the best and if not biggest Chinese supporter as we have turn into a consumer ridden economy.

But as wages keep denigrating and service jobs take over higher paying jobs right now even that is taking a hit.

Then what is next in our nation for the consumer and tax payer, that still have to support the other side of the population that no longer can contribute to the economy of consumerism.

Don't worry, Americans are people of logic:
China is a communist country, so it must collapse like Soviet Union.
China is an export oriented country, so it must decline like Japan.
right?

Get over it. Our western nations have long exploited and manipulated anyone and everyone to get their wealth. What goes around comes around.

reply to post by Firefly_


Yes is true, I can no denied that but China is not stupid they are making sure that the mistakes of the mighty America do not repeat themselves with them, while we are open to the sell out of our nations bread and butter, China uses protectionism, make their own rules and screw everybody else

See a while back some corporate greedy talking head told American politicians that we should use the rest of the world cheap labor and do the world work for us while we became the innovators and thinkers of the world.

Well it seems that America education has made us nothing but dumb and stupid, because we can not think anymore without the talking heads telling our politicians what we should do.

China will probably do its best to not repeat western mistakes, but in doing so it will make mistakes of its own. Nothing is infallible. It is the nature of the beast, powers are rising and falling all the time.

reply to post by Firefly_


Yes you are right, they will make their own mistakes, after all they were caught red handed into the US mortgage scam, something that no even their own investors knew until it collapse. But been a nation that practice protectionism is not much we will be learning from their mistakes as they will keep them to themselves.

Originally posted by marg6043
Yes China is at it again, they are becoming the most growing industrial nation in the world, thanks to the generosity of Americas moron leaders that have allowed the best companies in the US to move to China while leaching American jobs.

Americas Generosity? Sorry I don't see how "Americas moron leaders" allowed any company in the US move to China. I would say that China may it more attractive to operate in China instead of the US.

Sure greed is the major reason. It was the the american workers status quo vs. the companies bottom line. Welcome to the global economy.

[edit on 22-6-2010 by daskakik]

reply to post by daskakik


The generosity comes no only from the government but from us the consumer ridden society we have become when you go out and spend money look who your money is supporting.

As we become a nation of service jobs, cheap is good and cheap has China tag on it

Originally posted by marg6043
As we become a nation of service jobs, cheap is good and cheap has China tag on it

Very true but that is not generosity. It is the complete oppisite of generosity it's stinginess. Remember caveat emptor.

reply to post by daskakik


Is necessity, but we our necessities also comes the denigration of what our generation before us work so hard to achieve so we have the advantages they didn't have.

Now that I look at my aging parents I see that they have a life a lot better that we did and as I look at my adult children I see that their life is going to be a lot harder than the one I have.

reply to post by marg6043


In the end it still isn't generosity but necessity as you pointed out.

I would also like to say that looking from generation to generation and trying to guage the amount of difficulty that each had/is/will have to endure is misleading.

What would make you think that your parents life was better? Cause most parents would think that their kids have it much better than they did.

Here's a thread on the topic of one generation judging another. There are arguments for the kids having it easy and also some saying they may have it harder. In the end I think it is a personal thing.

If You're 30 or older, You Might Find This is Hilarious!

[edit on 22-6-2010 by daskakik]

Boohoo, how is humanity going to grow if we cry when a country beats another? Stop acting like children! At least products from China dont fall apart and break every 5 minutes :p

reply to post by daskakik


My parents had a better life within their limits, yes my husband and I make more and have more things but life is not as easier as my parents have.

They raised 4 kids we all went to college and my mother stay at home, their home is pay off and they live with their retirement, hold not bills, have not credit cards.(my father started to collect SS at 62 and held a full time job until his seventies).

Our nation national security is in jeopardy and nobody cares

Huh?

No.

What's in jeopardy is your "way of life". The day of 2.5 cars, millions of tonnes of wasted food, gadgets on credit, and mcmansions for everyone is over. Now is the time for America to redefine it self, not as a bastion of capitalism, but a bastion of innovation in the green energy field. One day the emerging economies will need someone one to tell them how to continue raking in the the cash when energy resources aren't easily obtainable through war and disregard for our planet.

The bottom line is that the "American dream" only ever worked for a lucky few. The rest of us, had our dream on credit and the goodwill of corporations. Now that the corporations have discovered it is cheaper to do business elsewhere how can any good capitalist blame them?

No matter who you elect the jobs are never going to come back, get over it, evolve, figure something out!

reply to post by marg6043


Well my parents had to both work to get by. Me and my 2 sisters had to work to pay our own way through college. They or rather that taught us to live within our means. I think that that is where many americans have gone wrong. Living above your means fills your life with stuff but leaves you having to work more to pay for that stuff plus the interest on the money borrowed to get that stuff. Caveat emptor goes double when credit cards are involved.

My children will have, if things go as planned, their basic and educational needs covered so they can study without having to worry about the basics. Any thing extra they will have to work for themselves. That's better than I had. That is why I say it's a personal thing.

reply to post by Merigold


Yes the American dream will elude the next generations completely, service jobs will never make anybody get off the government hand outs.