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Great for China-Bad for America

MBKMBK Member Posts: 2,918 ✭✭✭
edited November 2016 in General Discussion
There was a guy named Lake in my Masters class back in 1970. He was local, his Dad was the newspaper publisher.

I ran into him about 1995.
Seems he had made his career dismantling US factories, and then he managed the setup in China. He even speaks Mandarin. He was proud of his work, and had made decent money.

We did not hit it off because it was obvious that he was a Clinton supporter.

Every city empty of manufacturing probably had guys like Lake tearing it apart.

=========

Just saw this:
http://www.breitbart.com/big-government/2016/11/23/washington-post-economists-say-trade-with-china-literally-kills-americans/

Comments

  • droptopdroptop Member Posts: 8,363 ✭✭
    edited November -1
    Maybe not all bad. Some factories were obsolete and companies had or were building modern facilities with modern equipment.

    These companies were happy to sell the old equipment. Some sold the rights (patents) to the old equipment, along with drawings and technical information about the items that were produced.

    The old manufacturing equipment made great machinery but it was "old tech", took too much labor and was expensive to fix. Suited the Chinese Economy Perfectly, they had LOTS of people needing work.

    Allis Chalmers sold the design for their "old" turbines, Chinese were building these "old" turbines and selling them back to the U.S.

    Did a startup in Boulder for a small power plant with a Chines water powered turbine being powered off the municipal water supply.

    Probably still have the photo of a "nickle" standing on edge atop the transfer case between the turbine and generator while it was running at 90+ percent. That was around 1986.
  • kimikimi Member Posts: 44,719 ✭✭✭
    edited November -1
    It makes sense to me.
    What's next?
  • spasmcreekspasmcreek Member Posts: 37,717 ✭✭✭
    edited November -1
    our govt has favored every other country in its trade deals and that has ruined our production of damn near everything...bet we cannot even make a plastic widget any more here...these agreements from carter to nafta to present hurt me in agriculture..but nobody seemed concerned
  • Horse Plains DrifterHorse Plains Drifter Forums Admins, Member, Moderator Posts: 40,168 ***** Forums Admin
    edited November -1
    quote:Originally posted by spasmcreek
    our govt has favored every other country in its trade deals and that has ruined our production of damn near everything...bet we cannot even make a plastic widget any more here...these agreements from carter to nafta to present hurt me in agriculture..but nobody seemed concerned
    Yep, sell the future of America down the river for a dollar.[xx(][xx(][V][V]
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