WNYShooter wrote:
LOL, Quite the revisionist history there, through very biased googles as well.
There are many factors which took a bite out of the US on-shore industrial output and if you actually took the time to study the data, you would know that that decline started in the 50's, with Japan, China was actually late to the game. There are also a number of other factors which play into it as well, not just politics, but then the facts would kinda spoil your political BS rant, so I'm sure you'll just ignore those facts.
LOL, Quite the revisionist history there, through ... (
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You forgot Germany and our other trading partners as well after WWII. I remember playing with toy cars and seeing Made in Occupied Japan stamped on them. Taking them apart and finding them made out of beer cans. We were rebuilding their pre-existing economies and importing goods made by them, but not at the same scale and pace as when China was opened up to trade and manufacturing possibilities. Remember that Germany and Japan, were manufacturing durable goods for their own citizens first and then exporting them. Yes, I agree that China was late to the table, but only because the US used it influence and political clout to keep them off the world stage. When Nixon opened up diplomatic relations our industry saw a largely agrarian country where cheap labor was plentiful and minimal regulations were in place. Our American companies then built a Chinese based industry with 100% output aimed at the American market and nothing for the Chinese consumers. It's slowly changing as China's domestic durable goods output grows, as more people move to the urban cities and want the latest iPhone and iPad. If you feel this is revisionist then more power to you, but I lived through it, studied it and this is how I remember it.