Re:TikTok’s Chinese owner offers to forego stake to clinch U...
by xwolfi on Sunday August 02, 2020 @01:03PM
(#24029872)
While I agree with you a little, we have to admit the failure of american and "developed" nations industries isn't just due to generosity from their parts towards China.
China competed, made the sacrifices necessary to get it running at low cost and acceptable quality, and not us. Our factory workers can't compete at that price, can't bear the same struggle and can't do it on the scale of the chinese workers. We like to picture them as powerless ants in a crushing machine, but it's not so black and white for sure.
Get the factories back and you lose competitiveness and it's higher level Chinese service companies who will start designing products and replacing americans. It's a trap, and it's already showing signs it's working. I love my Huawei phone and it got me used not to have a google account. Something I could not imagine a year ago.
He just handled all these issues poorly. He really only helped the rust belt by getting a handful of token factories to not close. Nothing really came of his meeting with Kim, and tensions have even escalated slightly. On the China front, he started a trade war with China and worked on some technology bans (both questionably helpful), and at the same time withdrew from the TPP, started trade disputes with strong allies, and weakened NATO. Coordinated response and strong western alliances would have been far more effective, but he did neither.