“Of course China is not free. But China having all our money does not do them any good either.”
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Well that is where we disagree. Strongly in fact.
China having all of our money means China replaces us on the world stage.
That is not good. Not good at all.
We are being sold out, by people who are pretending to be our friends.
America needs (badly) to rebuild. We need to bring back American manufacturing, and stop sending American jobs everywhere but America.
We need to return businesses right here to America.
Thanks for the cordiality of your responses. Sadly, a rare quality online.
If I were selling goods to Canada and was paid in Canadian dollars, those dollars in and of themselves would not do much for me. I have to sell them to someone else (usually at a loss) who wants to buys Canadian goods and services and needs Canadian dollars. If I spend directly, I do not have a loss. China must sell their dollars or buy goods and services or invest those dollars, they cannot sock them away in their mattress.
By your way of reasoning, California, or any other state or community, could improve its economy by preventing any goods from outside, both foreign and US goods from entering its borders (Assuming of course such a thing were legal, which of course it isn’t). ONly cars, steel, lumber, ag goods, clothing, etc produced in CA could be sold in CA, no matter the cost. Would this cause greater employment and production in CA? Perhaps. If it did, it would be in very limited areas. Certain items would be unavailable, many items would be ridiculously expensive. Such costs would cause people to reallocate their resources/funds resulting in certain markets drying up completely as certain life necessities became very expensive. Quality of life and freedom would be drastically curtailed.
The Soviet Union and Red China tried closed economies to achieve 100% employment. They weren’t nice places. Not the best analogy, but...
Part of the problem is technological changes would have made much of said jobs obsolete anyway. Robotics displaced a lot of unskilled labor jobs, especially the ones rather entrenched with unions demanding a lot of benefits.
America’s industrial output never dropped, it’s at an all-time high. We just don’t need people to work on assembly lines like we used to.
I think of it as the same problem America had when agriculture was mechanized, plenty of people who were formerly subsistence farmers now were no longer needed and ultimately went into Industry.
However, what sector will replace the Industrial sector is not known to me. That’s the solution needed.