you post non-sense 100% blame is free-markets and the...

  1. 37,911 Posts.
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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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