US Economic Fall Seen In Absolute And Relative Decline In Steel Production
Clint
nation in the world was the one which
produced the most steel. That nation was always the U.S. which led the
Soviet Union and was way ahead
of any other country, But today the U.S. is far down in fourth place
behind China, the leader, the EU, and even
Japan. China produces 494 thousand tons annually, the U.S. 4 times
less at only 98.1 thousand.
More troubling is the decline in manufacturing in the U.S. Even the
performance of leading U,S. high tech
companies. For example I recently bought a new Dell computer and
accessories and everything was made in
in China. Even the manual was printed there. Now capitalist China has
become a big threat to the U.S. automobile industry, what used to be a
mainstay. Within ten years from now China will have cut the price of
automobiles sold in NA in half. So the future for GM, Ford, Chrysler
looks bleak. And even other durable goods manufacturers like
Caterpillar, John Deere, Boeing, GE etc. will be able to survive only
if they move their manufacturing facilities to China or some other
low- cost Asian country.
Sadly It looks as if the U.S. and Canada will have chronic double
digit unemployment for a long time to come.
Chom Noamsky
Sadly, it looks like the protectionists, the anti-globalist crusaders,
and the fair-traders (like me) were correct in their predictions.
Mr.Sandman
not the U.S that is declining but rather the sleeping giants of Asia
waking up. China and India are the most populous countries in the world.
As the playing field becomes more level, these nations will pose a
serious challenge to the U.S
Chom Noamsky
> The U.S is still a most productive and very innovative country. It is
> not the U.S that is declining but rather the sleeping giants of Asia
> waking up. China and India are the most populous countries in the world.
> As the playing field becomes more level, these nations will pose a
> serious challenge to the U.S
What China and India have are huge amounts of human capital with
relatively little regulation. You can't compete with that. What you
can do is exploit it and that is the push behind global trade
liberalization.
Bought some "no name" dill pickles the other day without reading the
jar. They were nice and crunchy and dilly, had all the qualities of
pickles I usually like. Then I noticed the "Product of India" label. I
wondered to myself, how is it possible for this product to come from
India and still undercut domestic brands? You can bet the workers in
that factory weren't getting union wages or benefits, and the factory
was built with "competitive advantage" in mind, not environment or local
community.
f. barnes
Were I president I would instruct the CIA to do everything possible to
form powerful labor unions in those low-cost Asian countries. We have
lots of Asian-Americans in this country; so recruit them, train them,
and send them over there to agitate for higher wages and better
working conditions --- help American manufacturing. Or start paying
American workers $2.00 per day.
monkeywintest
Always buy American products when you can and support unions, try to
stay out of wallmart and other traitor corporations. Support
politicians who support the American worker and who at least appear to
be trying to create employment in America.
Canuck57
That is the reality of it. Inflation too with higher taxes. Government
revenue is down and spending up, can't last forever. It is only a mater
of time before reality comes up and bites America on the ass.
Oh, GDP will grow, because of inflation and not value. Unemployment
will remain high and so called new jobs will pay poorly. USD dropped 5%
in the last few weeks... more to come. Obama adding 30% to the
national debt in 2 years... can't continue that way for long.
And the people can't afford to bailout the government of Canada and the
US. Government can try the ponzi scheme they are up to with inflation,
but it isn't going to work without a very heavy price.
--
--------------
Politicians don't provide anything, the tax payers do.
Canuck57
They already are. China now produces more autos than North America. In
India, a Tata Nano goes for about 1/10th that of wht is proposed for a
GM Volt.
I figure about 600% inflation due to currency depreciation might make
America competative again, provided unions don't get to horny in
striking. A Greece like scenario is much more likely.
Canuck57
> On 3/14/2010 2:45 PM, Mr.Sandman wrote:
>
>> The U.S is still a most productive and very innovative country. It is
>> not the U.S that is declining but rather the sleeping giants of Asia
>> waking up. China and India are the most populous countries in the world.
>> As the playing field becomes more level, these nations will pose a
>> serious challenge to the U.S
>
> What China and India have are huge amounts of human capital with
> relatively little regulation. You can't compete with that. What you can
> do is exploit it and that is the push behind global trade liberalization.
Agreed. We can't compete, we pay 40% or more one way or another for
useless government and dead weight.
> Bought some "no name" dill pickles the other day without reading the
> jar. They were nice and crunchy and dilly, had all the qualities of
> pickles I usually like. Then I noticed the "Product of India" label. I
> wondered to myself, how is it possible for this product to come from
> India and still undercut domestic brands? You can bet the workers in
> that factory weren't getting union wages or benefits, and the factory
> was built with "competitive advantage" in mind, not environment or local
> community.
They don't have the costs of big expensive in your face up your ass
government bailing out dead weights either. Governments are now coming
to the realization that we can no longer afford to keep them in the
style they are accustomed to and they can't keep creating money and
spending like mad junkie whores with a credit card, something has to give.
There are signs a rapid currency deflation is coming. That will
translate into inflation for round two of this depression.
--
Canuck57
It the ID-10-T droids of NA auto want jobs, they better get cheap and
real good real soon, if it isn't too late already. With the rest of the
economy out there looking like amagedon, there isn't the fast easy money
to support the lethargic entitlement BS any more. See, the rest of the
country is making less and looking at more taxes while their credit
dries up.
Means they have to spend less. So if you think Detroit expensive, they
will skid on their asses.
Hey, auto is competing with lower wages from it's buyers, more
government taxes and banks wanting to be paid for the isatiable debt out
there. Not much left for auto... with all the hangers on debt and the
government hind (including auto) the system is set to implode in round two.
igor
Great Lakes Whitefish and Lake Trout are frequently processed in China
and sold in Ontario supermarkets.