- Our attitude towards China's industrial growth is very similar to that of Europe towards the industrial growth of the U.S. 100+ years ago.
- Some factories in China are the best in the world.
- Not only are Chinese factories able to produce goods cheaply, they can do it fast.
- In many Chinese factories the advantage they have is people because people do not have to be reprogrammed as do robots - and that saves time.
- Many Chinese workers assemble items by hand. Here, assembly is done by machines. Ergo, we are not losing assembly jobs to China.
- It is very likely that China's industrialization has brought more people out of poverty in the last fifty years than any other endeavor of man.
"If the United States is unhappy with the effects of its interaction with China, that’s America’s problem, not China’s. To imagine that the United States can stop China from pursuing its own economic ambitions through nagging, threats, or enticement is to fool ourselves. If a country does not like the terms of its business dealings with the world, it needs to change its own policies, not expect the world to change. China has done just that, to its own benefit—and, up until now, to America’s.
Are we uncomfortable with the America that is being shaped by global economic forces? The inequality? The sense of entitlement for some? Of stifled opportunity for others? The widespread fear that today’s trends—borrowing, consuming, looking inward, using up infrastructure—will make it hard to stay ahead tomorrow, particularly in regard to China? If so, those trends themselves, and the American choices behind them, are what Americans can address. They’re not China’s problem, and they’re not the fault of anyone in Shenzhen."
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