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US dependence on Chinese pharmaceuticals

The US does export movies and music, but not in equal amounts to imported natural resources. There is a substantial trade deficit. IOW, mineral rich regions are lending natural resources to the US, and expect to someday be repaid.

When the US switched from farming to factories, food production was maintained by utilizing machines to farm. The US produces all the food citizens need, and exports food to others. When the US switched from factories to "services", global share of industrial production was not maintained. Things are now being produced in other countries instead.

Among other things, this affects defense. A substantial portion of the resources needed to build and power war machines used to be borrowed. Now that the rich have de facto rebelled against funding the military, basically all of the resources needed for defense are being borrowed. These defense strategies are necessarily finite in duration.

Machines using natural resources correlate to military power. When the US produced 50% of global GDP, the US could gather the resources to field a substantial number of troops and war machines. Now there are fewer troops, planes, ships, and ground combat vehicles over time. Singing songs for each other won't change that. Only machines that can compete for global natural resources can produce effective war machines in sufficient numbers to enable defense.

Switching to services is fine, as long as industrial production is maintained. It has not been.
 
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jasonc said:
Importing of goods is necessary as we can't do.it all.

One day we would run of out steel,etc a balence is necessary,the car makers then and now could make cars better they dont.
Jap,Italian ,french,german,swedis aren't made by slave labor. Often those are made ,sold in america .nissan,toyota of America are assembled in America .this isn't so black and white.

I'm general our work ethic sucks,we have blue collar jobs there buy few want to learn. So we must import labor legally.
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You make a good point there as resources only last for a time.
 
In time the natural rescourses will play out.
Except for manufactured goods. Printed Circuit boards are made by machines...have been for decades. Same with processing and memory chips an IC chips.
Making the pure silicone that gets doped to make electronics is an ecological nightmare waiting to happen.... like Japan's nuclear power plants.
Many of the natural rescourses that aren't expendable we don't need to exploit...we need to save them for when the other nations become unable or unwilling to supply them.

Lithium is kinda nasty to mine and refine...
Get used to it...one day we will either have to start destroying the oceans or find some here. Supplies are running out. Cadmium, copper, gold and other minerals are plentiful on the oceans floor...but expensive to mine. Even worse if environmentally unfriendly.

To tell the truth...we will probably run out of lithium before oil. (Ain't that a kick)
Unless deposits in the ocean are tapped we will just be out.
 
JohnDB said:
In time the natural rescourses will play out.
Except for manufactured goods. Printed Circuit boards are made by machines...have been for decades. Same with processing and memory chips an IC chips.
Making the pure silicone that gets doped to make electronics is an ecological nightmare waiting to happen.... like Japan's nuclear power plants.
Many of the natural rescourses that aren't expendable we don't need to exploit...we need to save them for when the other nations become unable or unwilling to supply them.

Lithium is kinda nasty to mine and refine...
Get used to it...one day we will either have to start destroying the oceans or find some here. Supplies are running out. Cadmium, copper, gold and other minerals are plentiful on the oceans floor...but expensive to mine. Even worse if environmentally unfriendly.

To tell the truth...we will probably run out of lithium before oil. (Ain't that a kick)
Unless deposits in the ocean are tapped we will just be out.
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Which is why electric cars aren't green,lithium ion batteries are used.
 
Christ_empowered said:
Oh man. as a person who takes a prescribed psych drug and high doses of vitamin C --both of which probably come from China-- this is frightening. Check it out...

https://www.counterpunch.org/2018/0...on-americas-dependence-on-china-for-medicine/
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Yes, and that applies for many other manufactured things. As long as businesses think it's more cost effective to do it overseas, they will. You can thank the entitlement parties who think the rest of the US population deserves handouts as well and thus raises our taxes for businesses. My vitamins say "manufacted by..." or "manufactured for..." and the name of a US company which can imply that they have other production facilities overseas. At least this is somewhat under American control but if other nations turn on us, we would still have vitamins and pills, but at a higher cost due to shortages until US production could take effect.
 
Thank bankers for preventing US savings (paradox of thrift theory). China's 50% savings rate gives them oodles of capital to build super modern manufacturing facilities. There is a reason China can produce as much steel as the entire rest of the world put together.
 
The way I understand it is this. The USA is no longer in the manufacturing business as we exploit emerging, low wage countries to supply our consumption needs.

Costs have gone down, but the consumer hasn't reaped the benifits as our purchasing power has diminished and corporations have reaped the benefit- profits.

When we loose our manufacturing capabilities, we loose our ability to innovate new technologies in the private sector which puts us at a global disadvantage.

With lower demand for good paying manufacturing jobs, we have been losing our middle class. Parents who lost their good paying jobs tell their kids to go to college, only to see that cost sky rocket.

Meanwhile, China pumps billions into opening new manufacturing facilities absorbing the cost to produce inexpensive goods for export, which I might add offer exceed US quality at a lower price.

Oh, and a good chunk of illegal drugs come from China.
 
Michael74 said:
Thank bankers for preventing US savings (paradox of thrift theory). China's 50% savings rate gives them oodles of capital to build super modern manufacturing facilities. There is a reason China can produce as much steel as the entire rest of the world put together.
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Yes, and the Chineses government flips the bill for those new facilities. It's not part of the plants "start up expenses".

To do the same in the US, you would have investors and those investments would be rolled into the cost of the product.
 
StoveBolts said:
TThe USA is no longer in the manufacturing business...
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Yes, that's true. When workers moved from farms to factories, crop production was maintained. This allowed the US to become an economic powerhouse, producing 50% of global GDP at one time. Now that workers are moving from factories to "services", manufacturing is not being maintained. The US is going backward compared to international.

Costs have gone down, but the consumer hasn't reaped the benifits as our purchasing power has diminished...
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Yes, bankers have been confiscating productivity improvements, and then some. Credit creation and currency debasement are synonyms.
 
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StoveBolts said:
Yes, and the Chineses government flips the bill for those new facilities. It's not part of the plants "start up expenses".
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China has been experimenting with economic freedom. They learned from Hong Kong under British rule that political freedom is not necessary for a healthy economy. Only economic freedom is. Thus China has allowed private companies, and turned into an economic powerhouse because of it. They still have state run factories, but private ones along side of them. They are now #1 in the world in PPP GDP.

The US has political and religious freedom, but has been experimenting with economic central planning by a bank committee and various lobbies. The free market capitalism that made the USA #1 is no longer being used. The US has gone back to doing things by hand (services) instead of machine.
 
jasonc said:
Social chaos will hit china soon,male to female ratio out of balence .
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That's not necessarily a good thing. It might make them start a war to distract their people, and maintain power. The way Argentinian generals did with the Falkland Islands. They have been telling their people for years that Taiwan is theirs, and they need to get it back. The PLA fought US troops to a standstill in Korea, back before they became an economic super power.

They may even invade to procure wives, the way the Vikings did in days of yore.

Their long run plan is to become the #1 military power within 20 years, but they are a regional military hegemon now. None of their neighbors can handle the PLA.
 
They had about 925 million workers in 2011. In 2050 they are estimated to have about 700 million workers. That's still a lot more workers than the US. If they have a lot more machines too due to their 50% savings rate, that equates to a lot more manufactured goods.

One belt one road means that they have realized the importance of importation of natural resources to feed their machines. They are moving to secure supplies of global natural resources.
 
Michael74 said:
They had about 925 million workers in 2011. In 2050 they are estimated to have about 700 million workers. That's still a lot more workers than the US. If they have a lot more machines too due to their 50% savings rate, that equates to a lot more manufactured goods.

One belt one road means that they have realized the importance of importation of natural resources to feed their machines. They are moving to secure supplies of global natural resources.
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The ratio of men to women is three to one,simply put they will have allow alot of babies by multiple men ,and hope that they can wait that long ,replacement is going to be a problem.
 
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