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Pastimes : Observations and Collectables -- Ignore unavailable to you. Want to Upgrade?

To: brushwud who wrote (17478)	12/25/2025 7:28:59 PM
From: skinowski	Respond to of 18014

So if one country is twice as efficient at producing one good and ten times as efficient making another, they can still benefit by importing the first and exporting the second. This is true - but, it appears that the Chinese manufacturers managed to outcompete everyone else in most areas. Until recently, they used to buy from Germany a lot of high end precision machinery - enough to maintain an overall trade balance between those 2 countries. But, read that this is no longer the case. The Chinese improved the quality of their own domestic products. They used to be by far the largest buyers of our advanced chips, to the tune of $$ several tens of billions a year. Since we banned them from buying US chips, they had no choice but to focus on their own advanced chip production. By now, they’re gradually becoming our biggest competitor. I understand the analogy with Japan — but… dumping is something competitors use to gain market share - enough to damage domestic industries. It’s not something that any nation could do long term, for several decades. I think what we need is automation. This would bring our productivity up - and the costs, down - to the same level as the Chinese products. Manufacturing would come back to our shores… naturally. Doing it overseas would no longer offer any advantages. I doubt that anything else could work.