Summary:
The battle for economic supremacy is not just a distant concept but a pressing issue that demands our attention. The titans, the USA and China, are at the forefront of this economic war. It's not a matter of good and bad-acting countries, but of prospective and self-service results. The urgency of this battle is apparent, and everyone else will fall in line by negotiating a deal with the USA to benefit all participants, including the American worker. With parity, manufacturing will flow back to this country.
The USA willingly saw its manufacturing base destroyed by its willful passing of abusive regulations, allowing workers to gain too much power and watching productivity subside. Collectivism and redistribution became more important than productivity, so companies outsourced their manufacturing needs.
Article:
The process is highly turbulent, on the forefront of the news, and skewed along ideological lines. The facts will be blurred according to political leanings. CNN, MSNBC, and FOX will all have massively different interpretations of events, including tariffs.
The USA has destroyed its manufacturing base through abusive regulations, laws, labor union dominance, liability, and litigation. Why put up all the risk in the USA when you can negotiate to purchase the same product in China for 1/3 the retail price? Who would bother with the abusive system created by this country?
In 1950, 30.2% of all jobs in the USA were in manufacturing. A family could earn a living with the husband working and the wife staying home with the two kids, their home, two dogs, and two cats in the yard. Fast-forward to 2024, when only 9 % of American workers are in manufacturing. Earning a living requires two incomes; many are forced to rent, daycare is the only option, and most consumers spend 100 to 105% to get by.
The middle class has become a ripe subset for exploitation by the elite financial class, where the top 10% owns 60% of all the nation's wealth and the top 1% owns 31%, as of 2024.
The battle for reciprocal tariffs will eventually subside, and negotiations will benefit the American public significantly. The trade deficit will be reduced by 1 trillion annually to between zero and a trillion dollars, paving the way for a more prosperous future.
Trading partners will also be recalibrated according to mutually beneficial relationships and less about lying, cheating, and stealing to gain dominance. Immediate pain will result in long-term gains for jobs, investments, and quality of life.
The next giant problem in the USA is not a dead end but a challenge that can be overcome. Downsizing the administrative state dominated by monopoly labor union members, significantly reformulating liability laws, and downsizing abusive regulations are all steps towards a brighter future. The next step is to steer states like California away from their Marxist agenda and return the power to the people. This highlights the urgent need for reform and the potential for positive change, inspiring hope and optimism in our economic future.