That’s just sad. Those poor Chinese beer-drinkers.
Yep. As I’ve said before on the Dope, if a waiter tells me they have “Budweiser and …”, there’s no need to let him/her finish, I want the other one.
I know this thread isn’t really about the Deep State in its, er, classical sense — not anymore, anyway— but I wanted to recommend a fictional portrayal of its analogue in Cold War-era Britain.
In the 1988 TV series A Very British Coup, a radical socialist is elected PM, and forces within the unelected government— the various civil services and the military— conspire to derail his premiership. (Some are ideologically opposed, others have been corrupted by the plutocrats. The whole thing’s abetted by the plutes’ pet media organs.)
I haven’t seen it in probably 30 years, but I remember it being scarily plausible and quite fun in a (British) House of Cards-y way. JustWatch says it’s streaming on Prime Video; think I’ll give it a reassessment.
You mean how the businesses are giving money to the colleges and universities. And the economic classes and political classes the textbooks and professors are telling the students we are all in a service sector economy now and the factories are never going come back.
With out the middle class being destroyed and high inflation. Yet in the 40s to mid 70s most people did not even get a high school diploma and bought a house in their 20s and big SUV and living in the suburbs.
So I will like the professors to tell the people and also the US government why there was one of the strongest middle classes in US history and no inflation for factories making goods in the US.
So why does most other countries have a much better trade deal than the US?
With the US trade deal the trade debt will never get paid.
What if the other one is Coors Light?
I think there’s some physical law against two such negative liquids being brought together?
I thankfully have never been anywhere where those were the two only options.
A trade deficit isn’t a debt.
Yes, they did. In 1940, the proportion who got a high school diploma was about 50%. The proportion moved steadily up to about 80% by 1975. The jobs in 1940 requiring high school diplomas was less than 50% in 1940. Since then the kinds of jobs available has changed. That’s what has happened pretty much everywhere in the world.
There is not a high rate of inflation at the moment.
Give us a citation that most other countries have a much better trade deal than the U.S.
Please explain in detail how the United States “gets paid” under an international trade agreement.
Well I don’t have the time to read all the replies here. But the odd thing is the most religious part of the US is the deep south and they really go out of there way to help big businesses over small and medium businesses.
And Europe is the least religious than the US and they have stricter monopoly laws than the US. I just read all new smart phones are not allowed to default to google search. And any thing you buy have to give you three year warranty.
The nordic countries have the largest welfare state in the world.
So it is very strange.
Who told you this?
Do you have time to respond directly to any of them, instead of piling on even more factish statements on top of the ones already posted? Tying any of them into the supposed premise of this thread would be peachy keen, btw.
I mean China is getting rich of US trade but the US is in debt to China. And the debt is getting bigger every year.
There is no trade “debt”. There’s a trade deficit, but that doesn’t mean what you seem to think it does – it does not mean the US owes money to China, or gave away money to China, and the deficit is in about the right place considering the relative GDP per capita of the respective countries and their markets’ size.
I’m aware that a certain orange person may have told you otherwise, but, and this may surprise you, he’s not actually an expert on macroeconomics (or anything else).
The US is in debt to China. The same way it’s in debt to anyone who buys Treasury Bonds.
Foreign: $7.07 trillion (in September 2020, Japan owned $1.28 trillion and China owned $1.06 trillion of U.S. debt, which is more than a third of foreign holdings.
Note the total debt is 28. 1 trillion. China owns roughly 3.6% of the total.
Yes it’s good to point out that of the US national debt, only a tiny fraction is owned by Chinese investors and some 70% is owned by US investors.
But to clarify, I was talking about Jillwood77’s notion of a “trade debt”.
Except that the electric blankets launched on Christmas morning don’t boil their Volvos all the way through the goalposts. It’s be much better if Madonna drowned the bricklayer’s paintbrush in purple goat knuckles.
I think she was confused between a trade deficit and China owning US debt.