China is where Japan was in 1985. They have a little less scruples than Japan did, but not by much. Their crony capitalism and race to the bottom will lead to collapse. There’s no need for us to do anything except watch.
I (strongly) disagree.
China now dominates a number of major manufacturing segments.
Computers. Phones. Tablets. They manufacture many more automobiles than America.
Ever go to Walmart anymore? Almost EVERYTHING there which is manufactured anymore is from China.
No we do not need to continue to do the same thing both political parties have been doing for the last thirty years.
We need to support American production.
Big time.
I’m with you: in 1985, everyone was enthralled with “Japan, Inc.,” and nobody was questioning a business model that was in essence a vast and long-lived pyramid scheme.
China is no different, though on a vastly larger scale, and with no democratic principles to keep their leaders in check when the poo ultimately hits the fan. Then they’ll have the tendency to make war on the nearest scapegoat, and that will be us.