Documentaries on Industrialization

[yung Herbie Hancock]

Been watching documentaries on industrialization lately. It's taught me 1 thing: To industrialize you basically gotta get a transfer of information somehow (either through stealing technology, joint ventures etc.) then you gotta use that info to grow some export based industry to make money. All 3 non white countries to industrialize (japan, china, and korea) followed this model. @IIVI thoughts?




Ben Norton gives the best breakdown on how it happened:

 

[IIVI]

Not an expert on the matter, but it’s tough to replace the U.S because of how much we buy. Those countries can import and export from each other, but it won’t replace American spending because they’ve learned to minimize and not over consume.

Most people don’t realize how much we import from other countries. Other countries don’t consume nearly as much as we do here as they can live off the bare minimum. Americans buy in excess. Europe and Asia don’t consume nearly as much.

There’s a reason why Warren Buffett said over the weekend “Being born in America is the luckiest thing that could happen to you” or something like that. When you look around you you’ll realize you have a lot of things lying around that most people from other countries would think are excessive. That’s how much we buy.

 

[JT-Money]

 

[Tupac in a Business Suit]

Not an expert on the matter, but it’s tough to replace the U.S because of how much we buy. Those countries can import and export from each other, but it won’t replace American spending because they’ve learned to minimize and not over consume.

Most people don’t realize how much we import from other countries. Other countries don’t consume nearly as much as we do here as they can live off the bare minimum. Americans buy in excess. Europe and Asia don’t consume nearly as much.

There’s a reason why Warren Buffett said over the weekend “Being born in America is the luckiest thing that could happen to you” or something like that.

Agreed. The American consumer can’t be replaced.

Funny thing is oftentimes we as Americans don’t have access to most countries best exports. I learned this when I started traveling.

 

[Vandelay]

Not an expert on the matter, but it’s tough to replace the U.S because of how much we buy. Those countries can import and export from each other, but it won’t replace American spending because they’ve learned to minimize and not over consume.

Most people don’t realize how much we import from other countries. Other countries don’t consume nearly as much as we do here as they can live off the bare minimum. Americans buy in excess. Europe and Asia don’t consume nearly as much.

There’s a reason why Warren Buffett said over the weekend “Being born in America is the luckiest thing that could happen to you” or something like that. When you look around you you’ll realize you have a lot of things lying around that most people from other countries would think are excessive. That’s how much we buy.

Oh, all countries are going to lose in this. The US just has a lower tolerance for what we can lose before the public gets unruly. We make up 13-14% of China's exports, it's going to sting but it's not going to hurt them like it's going to hurt us.

 

[IIVI]

Oh, all countries are going to lose in this. The US just has a lower tolerance for what we can lose before the public gets unruly. We make up 13-14% of China's exports, it's going to sting but it's not going to hurt them like it's going to hurt us.

A lot of things people take for granted are about to come crashing down on us here if the trade war doesn’t get worked out and deals don’t close.

Trump said 90 day pause on tariffs while we make deals.

There’s a rumored deal today being reported as the U.K which really doesn’t move the needle much. That’s an easy deal.

That’s 1 rumored deal and 60 days left out of this 90 day pause. Time is ticking.

 

[yung Herbie Hancock]

You gotta hand it to the Chinese. They KNOW how to do espionage. Apparently they wiped out all CIA agents who worked in China

Killing C.I.A. Informants, China Crippled U.S. Spying Operations (Published 2017)

At least 18 C.I.A. sources were killed or imprisoned in China between 2010 and 2012, one of the worst intelligence breaches in decades. Investigators still disagree about how it happened.

www.nytimes.com

 

[yung Herbie Hancock]

Not an expert on the matter, but it’s tough to replace the U.S because of how much we buy. Those countries can import and export from each other, but it won’t replace American spending because they’ve learned to minimize and not over consume.

Most people don’t realize how much we import from other countries. Other countries don’t consume nearly as much as we do here as they can live off the bare minimum. Americans buy in excess. Europe and Asia don’t consume nearly as much.

There’s a reason why Warren Buffett said over the weekend “Being born in America is the luckiest thing that could happen to you” or something like that. When you look around you you’ll realize you have a lot of things lying around that most people from other countries would think are excessive. That’s how much we buy.

True but due to the growth in populism in America, the average rural white guy wants to be the guy making these products in order to sell it to us. dumbest concept but hey thats the GOP today. DEI for white guys via a manufacturing jobs program. The fact that you can hop on Temu or Aliexpress and order a modular freezer or washing machine for less than 100 bucks is a blessing in itself. Wanting to trade this in for making more expensive washing machines here is.... a choice.

 

[Vandelay]

A lot of things people take for granted are about to come crashing down on us here if the trade war doesn’t get worked out and deals don’t close.

Trump said 90 day pause on tariffs while we make deals.

There’s a rumored deal today being reported as the U.K which really doesn’t move the needle much. That’s an easy deal.

That’s 1 rumored deal and 60 days left out of this 90 day pause. Time is ticking.

He knows he's not going to win this at this point. I've heard he may significantly reduce tariffs on Mother's Day. I also am reading this is deliberate to decrease the value of the dollar to the tune of 30% to make manufacturing more appealing here. Problem is, he has absolutely no industrial policy and he flips tariffs on and off like a light switch. No sane business is going to invest in this climate.

 

[yung Herbie Hancock]

Oh, all countries are going to lose in this. The US just has a lower tolerance for what we can lose before the public gets unruly. We make up 13-14% of China's exports, it's going to sting but it's not going to hurt them like it's going to hurt us.

A decent amount of the small businesses in China will go under, but the families that run these businesses will just look for greener pastures (namely Africa or latin america).

 

[Vandelay]

A decent amount of the small businesses in China will go under, but the families that run these businesses will just look for greener pastures (namely Africa or latin america).

We're going to lose a shyt ton of small businesses too. So many businesses are 1-100 people and rely on manufacturing from China. It may potentially supercharge the fascism because the industrial output will be centralized with a smaller and smaller group of people. Not that I want Trump to be successful, but this is such an ill-advised way to execute what he's doing.

 

[yung Herbie Hancock]

We're going to lose a shyt ton of small businesses too. It may potentially supercharge the fascism because the industrial output will be centralized with a smaller and smaller group of people.

People forget that the government is ran by the likes of Stephen Miller and other fascists.... with guys like Chris Rufo being advisors to many of trumps admin. Wouldnt surprise me if the entire goal of all of this is to 1) Give white men jobs while sending everyone else down under 2) help super charge fascism

 

[CopiousX]

True but due to the growth in populism in America, the average rural white guy wants to be the guy making these products in order to sell it to us. dumbest concept but hey thats the GOP today. DEI for white guys via a manufacturing jobs program. The fact that you can hop on Temu or Aliexpress and order a modular freezer or washing machine for less than 100 bucks is a blessing in itself. Wanting to trade this in for making more expensive washing machines here is.... a choice.

I'd argue this is a backwards policy for America. Pure foolishness fed to us by megacorps. We should take pride in paying more as a society if it props up the society.


I didn't realize this until I personally started traveling to other countries and realized how much more common things cost there relative to here. For example I recall speaking with an Egyptian storekeeper about how impossible it is to get just a normal t-shirt for less than 20 US dollars. And this was a regular store, not some touristy spot either. I was curious how locals could afford that considering that 20 US dollars for a single t-shirt is 10% of their local earnings in a month. And I explain to the guy, that where I come from that $20 is enough to buy three or four shirts at a store of his caliber.

After hearing this, the shopkeeper started laughing in belching for 2 minutes straight. After finally finishing his laughter, he asked me, "but how will we feed the people?"



The dude went on to explain to me that the Egyptian silk industry exists till this day solely because the Egyptian people choose to buy only their clothing, creating a base for the local populace; which then allowed them to export using the proceeds from local production.


On the same trip, I had asked a taxi driver why there are so many Chevys on their roads. For example the taxi I was in was an American Chevy Cruze, in yellow. This guy laments to me how American delegations bought off and fooled the prior leadership of his country. This second guy explained, that they used to have their own domestic car company called Nasir. It supported a huge industrial market of cars, buses, and industrial equipment. But in the '80s Reagan's flunkies convinced them that it would be cheaper to import American cars, than keep producing their local Nasir brand. And just like that, the last domestic car company in the entire country of Egypt went up in thin smoke.

 

[WIA20XX]

Been watching documentaries on industrialization lately. It's taught me 1 thing: To industrialize you basically gotta get a transfer of information somehow (either through stealing technology, joint ventures etc.) then you gotta use that info to grow some export based industry to make money.

Are you asking a question about industrialization? Or are you asking about the US/China tradewar and tariffs?

They're not really the same thing.