CNN article about effects of china-usa trade war

[Anarchist420]

The same was said about Japanese cars too.

I'm sure you don't care, but it let it be known I agree. People were saying Japanese cars were going to suck, but they were so good that Reagan wanted 45% tariffs and quotas on them because they were hurting american companies where the CEOs got paid too much. UAW is also greedy as hell, that's why GM nearly went under.

I also think the exploitation argument is weak because the people who feel exploited weren't aggressed against. They let themselves be "exploited".

 

[Dulanic]

Did you read my fucking post? Specifically this part?



CEOs of private companies should never get a bail out from government and should not be rewarded for poor performance. In some cases they should be prosecuted if they knowingly, or due to incompetence, run a company into the ground and burn the shareholders.

Wait so you think the only CEOs who get huge bucks while they run a company into the ground are ones that got bailouts? Hahhahahhahaha hahahhhaa....this may last a while. Just because they shouldn't be rewarded for failure doesn't mean a fucking thing because they do!

 

[Apple Of Sodom]

Wait so you think the only CEOs who get huge bucks while they run a company into the ground are ones that got bailouts? Hahhahahhahaha hahahhhaa....this may last a while. Just because they shouldn't be rewarded for failure doesn't mean a fucking thing because they do!

I am saying they shouldn't. What are we even arguing about?

I don't think any private company should get a government bailout. We should not privatize income and subsidize loss. Loans? Sure. Bailouts because you failed? No. Fuck off. That is part of the risk of doing business.

 

[Infohawk]

The title/article and OP's commentary don't really match up. We already know China is using its legal and economic system to extract wealth and technology from the west. The question is what a trade war would mean for everyone.

 

[Texashiker]

Define exploitation.

Not paying employees a fair wage.

CEO makes $25 mil a year, and pays employees minimum wage, I call that exploiting.

 

[momeNt]

I'll take 3
http://www.youtube.com/watch?v=g5SRyG6UR2A
http://www.youtube.com/watch?v=vx5JpY9DM_k

If all cars were made like this we would have much safer roads. Too many people feel invincible in their cars and their reckless driving reflects that.

If airbags were replaced with metal spikes I doubt I would get cut off at 80MPH by somebody on their cellphone thinking their time is more important than mine.

 

[brencat]

I used to be total free trade but after seeing the actions of larger publicly owned companies moving production to slave labor countries and playing the global tax arbitrage game via the sale of intellectual property/rights through their various subsidiaries, I'm thinking bilateral trade agreements with countries we can trust are the way to go. So let's have our agreements with European countries and South Korea and Columbia, etc. and meanwhile tell China to fvck off... tariffs for them. Seriously, I can't believe the extent some companies are willing to transfer their intellectual property rights to a communist country completely devoid of morals just to make a temporary buck.

 

[Texashiker]

Seriously, I can't believe the extent some companies are willing to transfer their intellectual property rights to a communist country completely devoid of morals just to make a temporary buck.

There is no honor, morals or values in business.

But in my opinion, doing business with a communist country that is a nuclear power goes past "business as usual". The US has put people in prison for giving secrets to russia, but companies hand over information to china and its just business.

 

[Ns1]

Not paying employees a fair wage.

CEO makes $25 mil a year, and pays employees minimum wage, I call that exploiting.

supply/demand



great article

 

[iGas]

Airbus to deliver first China-made airplane
By Joelle Garrus (AFP) – Jun 20, 2009
BEIJING (AFP) — European aviation giant Airbus is set to deliver the first A320 airplane assembled at its factory in China, in a symbolic event further marking the nation's global rise...

Design of large China-made aircraft to be completed by year-end
The design of large China-made aircraft will be completed by the end of 2010, and the aircraft's maiden flight is scheduled for 2014, and will be delivered to carriers in 2016, Wu Guanghui, CPPCC member, vice general manager of the Commercial Aircraft Corporation of China (COMAC) and the chief designer of large aircraft, told People's Daily.

More spacious and comfortable than foreign aircraft

China’s Delays on Regional Jet Weaken Threat to Boeing, Airbus Duopoly
By Jasmine Wang - Sep 28, 2011 4:13 PM PT
China’s bid to break Airbus SAS and Boeing Co. (BA)’s stranglehold on the global aircraft market is being hindered by a four-year delay in delivering the nation’s first passenger jet...

Quality of Chinese-made plane questioned after crash
The Jakarta Post, Jakarta | Mon, 05/09/2011 8:00 AM
Some critics are calling into question the quality of a Merpati Nusantara Airlines Chinese-made MA60 aircraft after it crashed Saturday in Kaimana, West Papua, killing all 27 people on board.

Before the deadly incident, two Merpati MA60 planes were also involved in incidents in July 2010 and February this year although there were no casualties then, news portal tempointeraktif.com reported...

Chinese aircraft are more spacious for the near future due to shoddy craftsmanship, but for how long before unscrupulous carriers would use them for cargo delivery and fill it with cheap passengers?

 

[RampantAndroid]

You can't pay me to drive a Chinese car.

They don't innovate, they immitate. Poorly.

http://www.youtube.com/watch?v=g5SRyG6UR2A

I've worked with people in China doing software development. It's rare to see someone look for the RIGHT way. 99% of them find the fastest way, even if it's a hack. That's not an exaggeration either. Working with them was a fucking nightmare. I'm glad I'm done with that chapter of my career (for now.)

 

[piasabird]

The cars they sell In China are heavy polluters. So they cost less to make. You think China cares if they use lead paint or the pollute a little more than the standards for EU or USA? That is one reason they can make them so cheap. Compare apples to apples. I wouldnt doubt they use high lead gasoline also. China is so polluted that their river water can not be used for drinking water or even to grow crops. They just keep polluting more and more. That is why everything is so cheap that we buy. China is creating a giant ecological disaster. All that air flow towards the West Coast of California!

The USA should be purchasing goods from South America and other countries. We have plenty of tecnology in north and south American continents.

 

[DesiPower]

There is nothing we will loose from a trade war with China, in the short term we will be in deep sh1t but in the long term we will be much better off.
I have always said they are a nation of copiers and reverse engineers, they are no innovators. We gain nothing by dealing with them. Corporations make profit and influence the politicians and keep it going. For the main street its a slow poison, we will all die.

 

[werepossum]

So no greed is involved when a CEO drives a company into the ground, gets a pay raise and starts massive lay offs because of that CEO's mistakes? Riiiggghhhhttttt.

I have 0 problems with a CEO who earns his keep. I have a MAJOR problem with a CEO getting bonuses while burning a company to the ground.

Fuck you. Your acceptance of rewarding failure is what is ruining this country.

One thing with which I do have a problem is the practice of awarding bonuses in the form of stock options tied to whatever the stock price currently happens to be, say an option to purchase a hundred thousand shares for $10 below market price. If the stock price increases by $50 then maybe the CEO deserves his bonus. But it's just as likely that the stock decreases by $50 and the CEO can still collect his bonus. He doesn't even have to actually buy the stock; he just files the form exercising his stock options and they write him a check for a million. That's not right. Clearly that is salary, not a bonus or capital gains.

Stock options should be contingent on stock prices actually going up.

 

[DucatiMonster696]

How many CEOs actually built their companies?

This is irrelevant. Success and the wealth it generates is something which needs to be constantly attended to or else the material wealth generated by a initial founders success will completely disappear.

How many CEOs are rewarded for complete failure?

What do you mean by rewarded by "failure" exactly?

If you are talking about compensation packages for termination after they've been shit canned then this is not the fault of the CEO. They negotiated their contract and if they did so well it probably included the aforementioned compensation after they have been terminated. However this only happens because the major decision makers and shareholders in the a company agreed to a potential CEO's terms.

How can the supposed jealousy of the 99% ruin our country?

Because allowing a mob to have its way with a minority group never ends well.

We don't have any power.

You got what you voted for in the end, aka a trendy cliched motto "Hope and Change" from a 3 year junior senator whose qualifications where glossed over by the party who recommended him and for which you will vote for in lock step because if you are a partisan. In the end you have no one to blame but yourself.

 

[DucatiMonster696]

Not paying employees a fair wage.

CEO makes $25 mil a year, and pays employees minimum wage, I call that exploiting.

That is the Marxist definition.

In the capitalist system companies/owners pay employees what they are worth in relation to what the rest of the market is paying for those who are of equal skill.This method of determining a person's value in the economy is the most logical and ""fair" method of doing so in that it offers employers and employees the opportunity to negotiate what their skill sets are worth against what others are being paid.

However someone with only a high school diploma and no (to low) skill sets of value will not be earning anything above a the lowest wages found in a given market place unless they can prove that they have a unique and/or valuable skillets that is in high demand or they are able to successfully negotiate with their employer that they are worth paying more. So what you refer to as "exploitation" is in fact just a mechanism of negotiation between employer and employee found in a open and free market system.

 

[SammyJr]

You got what you voted for in the end, aka a trendy cliched motto "Hope and Change" from a 3 year junior senator whose qualifications where glossed over by the party who recommended him and for which you will vote for in lock step because if you are a partisan. In the end you have no one to blame but yourself.

The alternative being a cranky senile old man who's campaign platform was to start war after war and his bimbo VP?

What candidate actually represented Main St? What candidate could have gotten the job done? We have no representation and no power.

 

[DucatiMonster696]

The alternative being a cranky senile old man who's campaign platform was to start war after war and his bimbo VP?

What do you call Afghanistan and Libya? Walks in the park?

What candidate actually represented Main St?

This is laughable if you look at who Obama has let into his cabinet

What candidate could have gotten the job done?

We have no representation and no power.

Bullshit.

The fallacy here is that you assume that everyone wants what you want which is false even amongst ones own political party. People have choices but most don't want to give up on their security blanket and then they end up voting for a huckster because he/she doesn't have an R or D in front of their name. Then they get miffed that they made a bad decision and cry about not having any representation or power when they gave it all up when they put on their political blinders. Ron Paul and other political candidates like him are the perfect example of this phenomenon showcasing itself in the voting populace.