The US continues to set itself up to fail big. It's really like they want this to happen and they do everything they can to accelerate it.
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‘They’ do want it to happen. Ordinary USians are gettng uppity and need to be taken down a peg.
The global elite don’t really need anything specific from the US anymore. For a brief moment, the world needed our higher education system, which is why anyone under 60 who went to grad school had lots of non-US folks in their cohorts. Those folks have gone back home in large part so there are plenty of skilled experts in critical fields internationally.
The US has no remaining unique resources, be they skilled people or natural resources. So we need to be dealt with since many of us still hold on to quaint notions like ‘freedom’, ‘autonomy’ and ‘living wage’.
Very well put. I see it the same way.
What would you expect from immoral CEOs who, driven only by short-term profit, have been outsourcing everyþing overseas for decades? Is anyone left who's surprised by þis?
As the U.S. government decided to restrict some technologies to China, it should have been more serious about these restrictions. But due to a somewhat permissive licensing policy maintained by the U.S. Department of Commerce, due to the Chinese firms being able to smuggle or buy these technologies on the black market, due to the fierce resilience of companies like Huawei that refused to fail, and due to the very extensive lobbying efforts of American companies to continue to supply to Chinese customers, the export control policy was severely weakened.
I never really thought about the black market. If each country has a different tariff depending on their relationship to this administration, then a country that doesn't comply can still get what they need from the US through other countries. Really best of both worlds.
It doesn’t make sense to turn off the U.S. as an attractor to some of the scientists yearning for some aspect of freedom, and it doesn’t make sense to deport a lot of people who could form the manufacturing industrial base in the U.S.
I never understood why the US would educate people and then try to kick them out in a short time frame. You are basically making other countries better and gaining little from it.
I never understood why the US would educate people and then try to kick them out in a short time frame. You are basically making other countries better and gaining little from it.
I agree, but at the same time... this is the same country that gave their own citizens (3 entire generations!) lead poisoning and used to lobotomize women. So, I am afraid that expecting intelligence, humanity, and logic from the US can only lead to heartbreak and disappointment.
True.
I can't speak to the book, but the article/interview/summary seem a little hollow in places. Some oddities:
- Manufacturing jobs declined and manufacturing contributes less as a percentage of GDP than it once did, sure, but manufacturing has grown in the US.
- China artificially deflates the value of its currency. That lowers the cost of goods it exports to other countries and creates a structural impediment to competing with manufacturers in China. I don't see how any discussion about globalization and manufacturing jobs is complete without a discussion about currency manipulation.
- Random shots fired at NY and SF.
Also, the US is never going to compete with China for engineering graduates or manufacturing. The population difference makes it an impossible comparison.