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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (195870)2/5/2023 7:33:19 AM
From: Cogito Ergo Sum  Respond to of 217656
 
Yeah I do not buy it... it is good for capitalism.. the grease that makes us tick.. it even makes socialism tick... just toss out full bore communism and fascism and we got a party going on :) Those too views are one gene short of a human

would be cool but of course I doubt it that humanity survives until the formation of the next super continent.. which is in the works..with a once again tropical Antarctica .. the eastern NA and SA coastlines gone..married to the Western Eu and African ones :) and who knows where India floats off to this time :) So many really really long term investment opportunities LOL

So far the dinosaurs seem to have an unbeatable and unparalleled record :) 3 more million years and they may have been sentient.. we would still be rats :) Nature or God.. there is a bizarre sense of humour out there

Then again maybe the dinos time was up as with such a long run they failed to reach sentience and tool using .. They were a dead end giving us birds a reminder of their past glory



To: TobagoJack who wrote (195870)2/6/2023 10:52:54 PM
From: sense1 Recommendation

Recommended By
Pogeu Mahone

  Read Replies (1) | Respond to of 217656
 
Almost every element wrong in some measure...

The author seemingly knows nothing of economic history or the history of trade.

"Globalization" is presented as a universal proxy of the benefits of trade (or, as if it is "free trade"), ignoring that, as it is used, the globalization they present is a form of protectionism... mercantilism being NOT free trade... but, a restrictive and limiting form of state control and direction of commerce... that seeks to capture, limit, contain and channelize its benefits, denying market access to all but those "approved" participants...

China reaching wage parity with the rest of the world... removes much of its relative market advantage... and it forces costing in other features of trade with China that were gladly ignored while wages were still below market.

Covid coincided with and in part masked, or was blamed for creating and accelerating changes, that were already occurring anyway. Mercantilism's failure modes... are brittle... and inescapable. (Or, the escape is in change terminating mercantilist policy... which the Xi branded CCP will not allow, and likely cannot survive.)

The drivers of that change are deep rooted, and now well and fully entrenched...

The west supported China's development with investment and trade for 40+ years... not only for altruistic reasons, obviously... That period of "the tide coming in" for China was made possible, first, and enabled by the incremental policy change following that period in which communism had destroyed China's economy.

Global equilibrium being restored... doesn't mean the tide can just keep rising ?

So China is going to have to compete, from here... without relying on others gladly subsidizing the costs of enabling trade with China...

that

Globalization is failing... which doesn't mean trade outside the broken system is failing... or that the only or most obvious alternative to mercantilism is protectionist... it only means mercantalist controlled trade is failing, as mercantilism has reach and exceeded sustainable limits. Market participants, who do have rational choices to make, are opting out, now... and will continue to do so... not due to ideology... but to economic reality being realized... as, once at wage parity, other features of systems and many incremental costs other than costs avoided by exploitation of low wages, comes to dominate the competition...

Doesn't mean change occurring will be rapid, steady, or invariable... but, yes, irreversible.

China's reaching limits... does also mean the inflation problem is here to stay... as the dislocations of value in trade as "exporting deflation" from China, or "exporting inflation" from the U.S., is also a product fully dependent on the disparity in wages and other "costs of business" that parity requires recognizing.