Re:US to ban transactions with ByteDance and WeChat in 45 days
by vkou on Friday August 07, 2020 @11:18AM
(#24082788)
Why should the American middle class give two shits about American businesses having to jump through hoops to operate in China?
90% of their income comes from wages, not investments. The last thing they want is for American businesses to operate in China, period - because operating in China typically means that manufacturing capacity gets moved there. This unfairness is only unfair to the owner class - the middle class is actually a net beneficiary of policies that make offshoring harder.
China's policies that make foreign operation in it difficult are, in that sense, actually a gift to the American middle class.
90% of their income comes from wages, not investments. The last thing they want is for American businesses to operate in China, period - because operating in China typically means that manufacturing capacity gets moved there. This unfairness is only unfair to the owner class - the middle class is actually a net beneficiary of policies that make offshoring harder.
China's policies that make foreign operation in it difficult are, in that sense, actually a gift to the American middle class.