I totally agree with ur assessment of the past!Many people...

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MirCat

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04/04/20

21:32

Post #: 43882375
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Originally posted by poyndexter: ↑

Hi Cat

The West has knowingly and willingly outsourced productive capacity to China and whilst their populations revelled in cheap goods sourced from China, watched on whilst jobs and industries in their own countries were lost.

Over the past 3 decades globalisation has marched on and there has been profound changes and rebalancing ... a rising China, rising Asia and even a rising of the Indian subcontinent ... an increasingly troubled and floundering West.

The west owns much of the self inflicted wounds created by globalisation and most of the hubris inflicted wounds that early inaction in the face of the CV-19 Pandemic has created.

Lets look to ourselves and our own counties and grim lessons learned for the other side of this pandemic.

Dex

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I totally agree with ur assessment of the past!

Many people warned our corporate leaders, including our politicians, that from a strategic point of view the trading concept was flawed.

I also blaming our current generation of Economists for this debacle. Their concept of "why produce something if others can do it cheaper".

We have lost a lot skills because of outsourcing to oversea countries.

China has outsmarted our businesses leaders, who were prepared to divulge our technology advantages, simply, due to their greed for cheap labour!

If this stupidity didn’t happen China should be at least 10 years backwards and not a threat to the rest of the world .
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