Originally Posted by
oicur12.again
The bottom line is this. The Chinese manufacture goods for Australian and German and English and American companies at incredibly low cost because they have such low incomes and poor health and safety standards.
We benefit from these poor wages and conditions and in fact demand that they continue. We have adopted a neo-liberal economic principal the core of which is price stabilization and the only way to achieve this is with off shore manufacturing in low wage countries.
So what's the end game?
On one hand we've got dr Dre extolling the virtues of embracing China's growth but you say we need (indeed demand!) to make sure their low wages and conditions continue - so we can sustain our lifestyle. Which side of this equation do you expect will more likely give? And once we run out of Cambodias, Laos, Saipans, African States etc, - assuming China hasn't got there first- where do we turn to next?
Belt and Road? More like Noose and Shackles