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37,911 Posts.
828
25/08/15
07:21
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you post non-sense
100% blame is free-markets and the oligarchical elites that run them
China was set up as a slave labor nation to export to the world
so disposable (worker) incomes were reduced in the West so the West could import cheap goods from China
however, if your disposable income is low, you cannot buy many cheap Chinese goods
how many Chinese goods can a US worker buy earning $10 per hour?
how many Chinese goods can a Chinese worker buy earning $2 per hour?
economies need to gear themselves to produce for their own people
for example, if China increased worker wages, it could generate more internal demand for its goods
by China selling more of its goods internally, Western nations can produce more goods, increasing employment
this Economics Forums is full of brainwashed posters with a Politics state of mind
please talk Economic Theory here (which is obviously not an exact science)
the blame is the right wing, that commenced DEREGULATION 30 years ago
Last edited by
ddzx:
25/08/15
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