SolidState wrote:If you think American 'regulation' has more to do with it than currency manipulation, you're missing the point of both major political parties in the USA talking about getting "tough on China." If you think China has greater economic liberty because they offer workers no protections nor living wages, you're absolutely uninformed, and if you think the workers pay lower taxes than we do, again, you're woefully undereducated about the property 'rights' of the Chinese.
People fought the Vietnam war to prevent communist currency manipulation with trade partners because of the necessity of the market to set prices in capitalism. When you have one country whose market sets prices doing business with another whose government sets those prices and you have no regulation (tariff system) in place to equilibrate the currency offset, you get this kind of thing. Countries not suffering from this "Faded Glory" such as Germany and Sweden have far MORE regulation of their trade markets, not less.
Currency manipulation and patent laws is a huge problem. However, as a businessman operating in the United States I know our regulations are worse. Hong Kong has lead the charts in economic freedoms for a very long time now, while the U.S. has declined, matter of fact it has just declined again and it's not even in the top ten. The United States also has the worlds highest corporate tax rate, forget about adding any other taxes and fee's imposed on top of that.
Plus here is a homework assignment for you. See what it takes to set up a business in Hong Kong compared to New York. It's a complete joke and goes against everything our founding fathers stood for when applying John Locke's principles to the Declaration of Independence.
Then when you are done submit a product to some manufacturing agents in Hong Kong and New York. In Hong Kong I bet you will get samples from at least 10 different manufacturers. In New York please let me know where you can even go, and if you do find an agent I am willing to bet they outsource it oversea's.
The two presidential candidates can fight China all they want. We will just end up like Italy, because its just not China, it's the consumer demand for low cost items that will replace America, China, or whomever stands in the way how economics works....as the several hundred year saying goes. You can't tax and regulate the Rich ....they just move!
As far as Germany and Sweden, think how much stronger they would be without those regulations. Their big industries and relatively lower population have sustained the impact of their regulations. It is only a matter of time before the disease hits them the same way it hit Greece, Italy,UK,Ireland,Iceland,etc....