Miscellaneous News

E

Eventine

Junior Member
Registered Member
doggydogdo said:
Yeah, the work is definitely super hard and stressful when you are in competition with hundreds of millions of people, but the thing is that many of these people has no better option, farming might be easier, but you make significantly less money. People love to virtual signal about not buying Shein and stuff when it's not going to help these workers at all, Shein's margins are not high anyways and if they gave all their profits to workers the wages won't even go up that much.

Also, these workers make around 10k USD a year which is higher than 70% of the planet. If people want a better fairer economic system, the west would be required to give trillions back to the developing world and that's not something they would do.
Click to expand...
The key to better working conditions is to move up the value ladder (precisely the thing that the West is trying to prevent China from doing). The system was setup to benefit the rich and to allow capitalist elites (particularly Western elites) to abuse the labor of other countries while keeping them poor. You can't just "legislate" away this inequity because it is built into global trade - 90% of the world competing for 10% of the scraps.

Ironically, it's why it's so difficult for the US to get manufacturing back, despite Trump's best efforts. They're choking on the very system they built and there's no way to change it without giving up their wealth & privilege, which obviously, they refuse to do.
 
M

Mt1701d

Junior Member
Registered Member
GulfLander said:
....

https://twitter.com/i/web/status/1925892334127902861
...
Click to expand...
So basically all the huff and puff about moving production to India is basically dead. With all upfront cost, the India-China tariffs on parts, transportation and just general inferior infrastructure, it’s just easier and probably move efficient to just keep producing in China.

I mean it’s already been proven that the US will cave to China and moving production to US will take a hell of a lot longer than 3.5 years.

So more ‘winning’?
 
F

fishrubber99

Junior Member
Registered Member
GulfLander said:
https://twitter.com/i/web/status/1925886371945693257
Click to expand...

I hope the EU feels the some pain from their poor foreign policy choices they've made in the past few years and are currently making, they don't seem to be showing any charitability to China at the moment either with the recent trade talks stalling.

Please, Log in or Register to view URLs content!

China should focus on the rest of the world in terms of trade, it's hard to shift the EU's mentality right now, especially with their foreign minister saying they don't "understand why China is materially supporting Russia" (the answer should be rather obvious why they are) and claiming that this is impeding trade talks.
 
FriedButter

FriedButter

Brigadier
Registered Member
fishrubber99 said:
I hope the EU feels the some pain from their poor foreign policy choices they've made in the past few years and are currently making, they don't seem to be showing any charitability to China at the moment either with the recent trade talks stalling.

Please, Log in or Register to view URLs content!

China should focus on the rest of the world in terms of trade, it's hard to shift the EU's mentality right now, especially with their foreign minister saying they don't "understand why China is materially supporting Russia" (the answer should be rather obvious why they are) and claiming that this is impeding trade talks.
Click to expand...

It was always a charade from the beginning. The only reason why the EU did this was because they wanted to pressure Trump over trade negotiations.
 
You must log in or register to reply here.
Top