American Economics Thread

[manqiangrexue]

Yeah - none of this is contradictory to what I said that

A very poor summary unsurpisingly by someone with a history of derelict reading comprehension.

1) both countries have high-quality educational delivery

With China's being perfectly targetting and implemented while America's is focused at the top with those spots being heavily taken by foreign and "domestic" Asians, mostly Chinese.

2) regardless of 1), U.S. firm advantages will persist for decades in the future regardless

Ahahahaha, "decades" LOL American wishful thinking as always, just like the COVID readiness prediction

you effectively concede it in any case by focusing solely on the talent pipeline instead of talent that already exists

I have honestly never seen a person here concede a single thing to you, only you slinking away when you lose arguments.

China’s talent pipeline has only been a thing in the very recent past and thus it will take many decades for the talent to get through the commercialization process, scaling, marketing, and the rest.

Another way to look at it is that China just got started and the US is already winded and on the ropes screaming for backup. It may take you decades to do all that, but we work and grow in China speed and we're just getting warmed up!

 

[FriedRiceNSpice]

No, it’s not. China issued fewer stem degrees than the U.S. even in 2003. It’s a pipeline that’s at most 2 decades old (and some of that is massive catch-up to the near-zero degree issuance in China in the prior century)

You do realize there is a lag time between improving education and number of STEM degrees? A graduate today would have entered the education system 16 years ago.

And again, nothing I said disputes this. My point is that taking this as 100% true, US firms will continue to lead for decades into the future due to accumulated advantages.

How do you define lead? By profits and inflated valuations and market share Western companies will lead only due to protecting their markets with barriers and denying their consumers access to superior Chinese products. Sure, if that's your definition of lead then yes. Ultimate goal of technology should be enhancing people's lives and productivity not as acting as vehicles for the financial market disproportionately serving the top 0.1%.

 

[vincent]

The title said it all

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As EV prices have plunged and demand has slackened, Ford’s losses per EV exceeded $100,000 in the first quarter, more than double the deficit from last year, one of the people said.

Bloomberg Intelligence estimates the losses Ford expects to sustain in its EV unit this year will come close to wiping out the profits it earns from its Ford Blue division, which makes traditional internal combustion engine vehicles like the Bronco SUV and gas-electric hybrids such as the Maverick truck.

 

[9dashline]

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Beverly Hills 90210 Mansions Lose Fire Coverage as Insurers Flee​

State Farm is discontinuing fire insurance policies in wealthy California areas. It’s part of a nationwide trend fueled by climate change.

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Soon this will be blame on China too

 

[pevade]

The title said it all

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The fuck are they making over there? How on earth does one loose over 100k per car?

 

[manqiangrexue]

The fuck are they making over there? How on earth does one loose over 100k per car?

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"Model e all-electric unit reported first quarter losses that exceeded USD$1.3 billion on falling sales of just 10,000 vehicles in the US and Canada, which itself was down 20% from the same time last year.

that works out to a whopping $132,000 for each EV sold in the quarter. That’s more than triple the $40,525 it lost on each electric car and truck in the same quarter of last year.

In a statement, Ford attributed the losses to price cutting — revenues were down about 84% to $100 million. Ford now expects full year losses in the division to surpass $5 billion.

But analysts said the losses go far beyond the mere cost of building and selling those 10,000 cars and tracks. Instead, they include hundreds of millions of dollars being sunk into research and development."

 

[Chevalier]

https://twitter.com/i/web/status/1789159905569677543

On the same theme of the anglo ruling class telling the people to 'eat cake', biden and the ruling class' vendetta against China means inflation is gonna be a big killer for the remainder of this year, especially when noone wants to buy US debt and the USG urgently needs to do another QE and is forcing its vassals like japan to hold onto their shitcoins.

 

[horse]

How do you define lead? By profits and inflated valuations and market share Western companies will lead only due to protecting their markets with barriers and denying their consumers access to superior Chinese products. Sure, if that's your definition of lead then yes. Ultimate goal of technology should be enhancing people's lives and productivity not as acting as vehicles for the financial market disproportionately serving the top 0.1%.

Just ask him to read the article vincent just posted.



I read another article earlier tonight, that another Boeing plane had some sort of problem, and the passengers screaming inside cabin in fear of their lives.

 

[horse]

Sometimes these threads read like alternate universes.

Never heard such stuff in my life!

Here is a picture.

Notice something here? The biggest US corporations, outside of oil, they all there because of the Chinese manufacturing. Without China, they would have never succeeded to this extent.

I tried to find the number of Chinese companies and American companies on that Fortune 500 list, but could not readily find it.

That is what happens when information does not fit their narrative, the data is suppressed.

 

[FriedRiceNSpice]

The fuck are they making over there? How on earth does one loose over 100k per car?

They must've hired the same contractors as the Pentagon.

Here is a picture.

Notice something here? The biggest US corporations, outside of oil, they all there because of the Chinese manufacturing. Without China, they would have never succeeded to this extent.

Interesting JD is there but not Alibaba.

I tried to find the number of Chinese companies and American companies on that Fortune 500 list, but could not readily find it.

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Basically even between China (142) / US (136).