Re:The fraying of the U.S. global currency reserve system
by pnutjam on Sunday December 13, 2020 @08:48PM
(#25412597)
I say taxes aren't necessary. Just hold companies accountable for every step in their manufacturing chain. They need to audit and ensure factories address meeting or standards for the workers.
I don't mean wages, I mean safety, overtime, etc. Labor needs to be valued at home and abroad.
Re:The fraying of the U.S. global currency reserve system
by simonh on Monday December 14, 2020 @08:32AM
(#25417268)
I'm all for holding companies accountable for their supply chain management, but within reason. I can't see the US government accepting EU employment contract, health, safety and business practices imposed on the US arbitrarily. There has to be some flexibility. Let's be clear, the west has reaped _staggering_ economic benefits from opening up China. Of course there have been costs too, some of them painful, but that's always the way with economic change.
Re:The fraying of the U.S. global currency reserve system
by pnutjam on Monday December 14, 2020 @12:21PM
(#25420193)
It's not the other country accepting, it's ensuring the company adheres to certain standards in it's supply chain. Any penalties would be assessed against the US based company.
Re:The fraying of the U.S. global currency reserve system
by onepointsixC on Sunday December 13, 2020 @07:00PM
(#25411789)
He's not referring to all Chinese laborers, but Uyghurs who were first sent to re-edcation camps and then sent off to factories all against their will.
As for bringing back manufacturing home, you need to find two things to make that work. First massive subsidies and tariffs to drive up the cost of foreign imports, imposing huge costs on tax payers and consumers; and tens of millions of people willing to work in factories. The US long term unemployment rate in 2019 was about a third of a percent. Where are you going to find the money, and where are you going to find the people?