- Joined
- 3 July 2009
- Posts
- 28,261
- Reactions
- 25,559
Hey @Smurf1976 even China agrees with us, the U.S has been living beyond its means for years, as has most of the Western countries. 
As we said the West has been outsourcing its manufacturing for the last 40 years and spending the money made from doing it, now they are borrowing money to sustain their standard of living and welfare.
At least it has been brought to a head, now all we need is decent politicians to turn it around, before China really trashes the West.
From the article:
China responded by hiking levies on US goods to 125 per cent last week, and while the tit-for-tat tariff increases appears to have paused, the animosity between the two nations has shown no signs of letting up amid a blistering war of words. 'The US is not getting ripped off by anybody,' an editorial in state-run media outlet China Daily read last night. 'The problem is the US has been living beyond its means for decades. It consumes more than it produces. It has outsourced its manufacturing and borrowed money in order to have a higher standard of living than it's entitled to based on its productivity. Rather than being "cheated", the US has been taking a free ride on the globalization train.'
The article concludes: 'The US should stop whining about itself being a victim in global trade and put an end to its capricious and destructive behavior. Instead, it should commit itself to working with its trading partners to establish a fair, free and WTO-centered multilateral trading system that is in line with the times.'
As we said the West has been outsourcing its manufacturing for the last 40 years and spending the money made from doing it, now they are borrowing money to sustain their standard of living and welfare.
At least it has been brought to a head, now all we need is decent politicians to turn it around, before China really trashes the West.
From the article:
China responded by hiking levies on US goods to 125 per cent last week, and while the tit-for-tat tariff increases appears to have paused, the animosity between the two nations has shown no signs of letting up amid a blistering war of words. 'The US is not getting ripped off by anybody,' an editorial in state-run media outlet China Daily read last night. 'The problem is the US has been living beyond its means for decades. It consumes more than it produces. It has outsourced its manufacturing and borrowed money in order to have a higher standard of living than it's entitled to based on its productivity. Rather than being "cheated", the US has been taking a free ride on the globalization train.'
The article concludes: 'The US should stop whining about itself being a victim in global trade and put an end to its capricious and destructive behavior. Instead, it should commit itself to working with its trading partners to establish a fair, free and WTO-centered multilateral trading system that is in line with the times.'
Last edited:
