its funny when you read these articles. China says that the west has been buying rare metals for cheap price, the west is saying that China is dominating the rare metal market. kinda like both China and the US seeing itself as the loser in the Sino-American trade and financial relationship...
How can CHina catch up with the West when its hands are tied?
- Thread starter antimatter
- Start date
The problem on the US side of the Problem is the last President, Who actually cared about US manufacturing was Regan. Bush, Clinton, Bush JR, Just did not give a dam.
Bush SR just rode Regan's coattails, Clinton cared too much about globalization/stability, Bush JR was too beholden to Corporate greed.
Bush SR just rode Regan's coattails, Clinton cared too much about globalization/stability, Bush JR was too beholden to Corporate greed.
actually American manufacturing has been going downhill since 1973. even the best economists today would agree that the real average income of Americans have not increased since 73. the strong dollar policy and the oursourcing of jobs also hit the manufacturing industry pretty hard. so by the time clinton came to power the US had to rely on the the service industry and the internet to maintain economic growth. after the dot com bubble bursted, the only option it had was the housing sector...even manufacturers like GM was relying on the stock market to make money,so obviously the manufacturing sector is gonna collapse. bush contributed to that but its not all his fault.
I said Regan was the last President, who cared about manufacturing. Regan actually advocated that manufacturing needed protecting.
Nixon/Ford, and Carter started the ball rolling on the destruction of American manufacturing, but Bush SR apparently did not listen to his predecessor, Clinton decimated the Strategic metals stockpile tanking the Rare earth metals market during a Demographic transition in the Military Industrial complex. Bush JR allowed China to enter the WTO and permitted China get away with flaunting the rules, He also refused to Repeal the Tax breaks while we were at war.
Nixon/Ford, and Carter started the ball rolling on the destruction of American manufacturing, but Bush SR apparently did not listen to his predecessor, Clinton decimated the Strategic metals stockpile tanking the Rare earth metals market during a Demographic transition in the Military Industrial complex. Bush JR allowed China to enter the WTO and permitted China get away with flaunting the rules, He also refused to Repeal the Tax breaks while we were at war.
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bladerunner
Banned Idiot
Offer enough money and engineers from China would emigrate to help out
I think the article,is over sensationalised , Australia also has a rare earth site capable of supplying much of what is required by the West Australia is a mining country, no shortage/lack of mining speciallists there..45% of rare earth deposits lie outside Chinas borders,although China may have a financial interest in them, and if it was to get difficult, the relevant states could forcibly buy Chinas share,. end of problem.
There may be a lag as the world readjusts but in the end I can only see it being a loose loose situation for China, as other countries re evaluate their Willingness to let China acquire ownership or even sell the resources, or transfer technology.
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bladerunner
Banned Idiot
Very True., I never said China couldn't surpass USA in GDP, however other forces not discussed here might extend that timeline.
Have you ever read publications by Minxin Pei, Pranab Bardhan and Yasheng Huang,?
They do not see China becoming a economic Superpower in the near future or ever. While I do not agree with all their reasons, they do provide some interesting aspects which cannot be discussed in this forum.
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the only thing that would keep the US manufacturing industry competitive is technological innovation. once that is lost, manufacturing is lost. and change in technology cant simply be measured in the amount of inventions a country makes, but how much that invention or innovation is worth in the market. its useless if you make something great but no one is interested in buying them. the possible fields that can get the market interested and get the economy going again are renewable energy source and medicine, but whether or not the US can be the leader in those industries is still a matter of doubt.
How come when I suggest that technological innovation will help the US blunt China's control the worlds Rare metale supply that I delusional?
3 Weeks Ago Re: outrageous, EU& US file complaint against China for not exporting ..
pla101prc
cmb=1968,you have to realize that when one resources becomes scarce on the market it does not mean the alternative will automatically pop up and saves the say. there will be a whole industry that needs to readjust itself to change that stuff, with all kinds of exogenous factors mixed within. its way more complicated than what economists that never step outside of their office tell you.
i never said that a new energy source will pop up right away. again, it might take decades or even longer to build this industry. its a strategic move, for the rare medal one you were suggesting that the US can develop a replacement technology as an ad hoc response to China's limitation on rare medal exports, it doesnt work that way cuz it takes time for the market to react to this stuff, and it might not even be entirely positive.
I was making the same claim pla101prc, but I was using the Rare Earth Metals as an example of how innovation will help reduce the problems facing everyone. My point was with innovation, we can develop alternatives and new way's of extracting, refining, recovering Rare Earth Metals narrowing the playing field. Maybe I was too narrow in my point, but you are making the same claim as I in regards to innovation.