Paul Krugman's takedown of Trump's economic blatherings.

[Kinser79]

(05-17-2016, 09:18 PM)playwrite Wrote: Really?  When an Chinese-manufactured iPhone sells anywhere in the world, how much of the revenue goes to China v. US?

Even if most of the profit is repatriated to the US for ishits, do you honestly think the Chinese couldn't introduce knockoff ishits on a moment's notice? How many different products do the Chinese copy directly? Quite a lot. Everything from handbags to watches, a cell phone wouldn't be a huge leap for them.

Quote:And again, the U.S. is much more a self-contained economy.  China is trying to emulate us.

I'm going to require evidence for this because every time I go to Wally World I see made in China (or somewhere that isn't the US or even North America) on most things that aren't in the grocery department. Here's the truth that everyone else can see. The US exports raw materials and imports finished goods. The very sort of thing that third world countries do. I highly doubt China is trying to emulate that...the CPC understands wealth is made by doing the opposite: Importing raw materials and exporting finished goods.