Your analogy is inaccurate and short sighted.
Let's start at the beginning... Globalization started in the early 90's. What has happened to American small business since the early 90's?
What happened? We opened our markets to foreign companies, but they did not do the same. The result was Walmart setting up shop in small towns all across the country and flooding the market with cheap Chinese goods.
American small business couldn't compete with Chinese wages. Nor could they participate in the arbitrage. American business closed and lost their ability to adjust thier pricing to the market. They ended up working for Walmart... At virtual minimum wage... A wage that hasn't seen a real rise since the year 2000.
China did not reciprocate. They did not allow us into their markets. They kept tariffs in place. That wasn't a tax on their people. That was to ensure that if their people had a choice between 2 products, ours would not have a competitive edge. The bought Chinese... So did we.
End result 30 years later? American manufacturing has been gutted and with it American businesses.
You say goods just got more expensive, the real question is, what was the price of those cheap goods? What good is capitalism of you aren't a market participant?
We turned the vast majority of people into wage slaves. We have consumerism now. How can you be a consumer without discretionary income? How can you adjust your earnings to the market when you're competing against the 3rd world?
The current game works for the bankers and the mega corporations. Trump's play evens the playing field for American business.
GrumpyGardener
npub159…pcsm3
2025-04-03 00:19:07
in reply to nevent1q…7t27
Author Public Key
npub159wczz79n0x95p4vq5rggdkhz36u3852n8xfwv3u4ehdylrnr97qnpcsm3Published at
2025-04-03 00:19:07Event JSON
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"content": "Your analogy is inaccurate and short sighted. \n\nLet's start at the beginning... Globalization started in the early 90's. What has happened to American small business since the early 90's? \n\nWhat happened? We opened our markets to foreign companies, but they did not do the same. The result was Walmart setting up shop in small towns all across the country and flooding the market with cheap Chinese goods.\n\nAmerican small business couldn't compete with Chinese wages. Nor could they participate in the arbitrage. American business closed and lost their ability to adjust thier pricing to the market. They ended up working for Walmart... At virtual minimum wage... A wage that hasn't seen a real rise since the year 2000. \n\nChina did not reciprocate. They did not allow us into their markets. They kept tariffs in place. That wasn't a tax on their people. That was to ensure that if their people had a choice between 2 products, ours would not have a competitive edge. The bought Chinese... So did we. \n\nEnd result 30 years later? American manufacturing has been gutted and with it American businesses. \n\nYou say goods just got more expensive, the real question is, what was the price of those cheap goods? What good is capitalism of you aren't a market participant? \n\nWe turned the vast majority of people into wage slaves. We have consumerism now. How can you be a consumer without discretionary income? How can you adjust your earnings to the market when you're competing against the 3rd world? \n\nThe current game works for the bankers and the mega corporations. Trump's play evens the playing field for American business. ",
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