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by rebootthesystem
3902 days ago
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You are probably absolutely correct. Yet, based on watching what's gone on with China from my front seat in manufacturing I can't help but remember a multitude of instances where someone said something akin to "what's the big deal with having them ..." and few years later they are out of business or hooked to China in a big way. China looks at things at a different time scale than we do. Among other things, companies can sell at insane prices because they make their profit at the end of the year when the Chinese government hands out 15% "bonuses" on their exports. I've been in businesses where a 15% net at the end of the year would have been a dream. When you are dealing with someone who has been systematically eroding your industrial base over decades you have to, at one point, take pause. I know I might come off as paranoid, I get that. There's a reason for that. I have experienced the "China effect" personally. It can be absolutely devastating. And nobody is doing a thing about it (not sure it is possible to any more). |
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