Quote:
Originally Posted by The Yen Man
What's ironic is that, I'd argue no one has exploited the world of cheap labour MORE than the American consumer. Even within their own country, they exploit cheap labour through paying the non legal citizens below minimum rates.
Now Trump's policies are getting rid of the cheap labour within America and around the world, and bringing it back in house. Not only is he dismantling decades of expertise from abroad that probably make stuff better than Americans do, he's also going to have to pay this workforce more to make inferior products.
I don't see anyway this ends well for the US, to be honest. And they're going to drag the world down along with them.
But hey, I think this actually in the long run helps other countries wean itself off of American dependence, and strengthen ties with other countries.
The only scary thing is, I can see Trump using the misery of the American public as an excuse for war and invading other countries to secure cheap resources.
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The thing is, it doesn't have to. The only thing scary about what's happening in the US right now is what their military is capable of in a desperate situation with an idiot psycho at the helm. Economically, the world can afford to have the US pwn itself into submission while the rest of us carry on. Sucks for Canada as our only land border, and thus easiest trading opportunity, but there are WAY WAY WAY more people in the rest of the world than live in the US. China, S. Korea, Japan, India, Indonesia, Africa, all budding middle classes and HUGE populations. I'm sure there were big frets about the collapse of the British Imperial world order and the rise of America in the early 20th century too.
There is an opportunity for the sane countries of the world to unite and let the USA eat itself.