Quote:
Originally Posted by CaptainCrunch
At some point as much as the concept of economic protectionism is a bad phrase, I think that nations are going to have to start firewalling themselves against the Chinese business model.
One of the things that really hurt the Japanese is that they bought a ton of American properties, and then lost money on it when the economy slide.
But at the end of the day, fair trade has to be fair trade, and with China intentionally devaluing their money, and paying slaves wages to their workers while closing off their markets to anyone elses goods.
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Exactly.
There is no fair trade with China right now. They have no real environmental regulations, labour laws, or human rights; they masively devalue their own currency; and they put massive restrictions on foreign investment in their own country.
The problem China will see themselves facing is their economy is entirely based on manufacturing, which means you need a market for your goods. If the US economy is not healthy, you will have noone to sell your goods to.