Why Apple Makes iPhones In China And Why The US Is Screwed

[AdHocSolver]

12. Sorry. The Chinese economy is NOT good and can never be good for the US.

The problem for the US economy is too much debt caused by TOO MANY IMPORTS.

Until imports are limited and the manufacture of a majority of the everyday goods that Americans buy are returned to the US, the US economy will NOT recover.

Rising wages in China will NOT help the US economy. As the Chinese middle class grows and the US middle class declines, the multinational corporations will just shift their sales to the then more profitable Asian markets, as they abandon the dwindling and less profitable American markets.

When GM was losing money in the US, they were making big profits selling Buicks in China. The money the US gave GM to manufacture cars here wasn't so much a bailout, as it was a bribe to continue manufacturing here.

Without restrictions on imports to make it profitable to manufacture goods in the US for American markets (by providing income for Americans so that they can purchase goods again), the US economy will not recover.

If the corporations don't need to sell in the US to make profits, they won't provide jobs here. The multinational corporations use NAFTA, the WTO, the IMF, the World Bank and the Federal Reserve to prevent American-based companies from manufacturing locally and be able to compete with cheap imports brought here by the multinationals.