Deflationary?
That'd be hard to imagine, at this point. I can see a reduction in growth rate, but even to get to a recessionary point would be extreme right now, unless they have some major upheaval.
---------- Post added 2013-06-22 at 03:36 PM ----------
No, son, it's just beginning.
I don't think he's being apathetic towards Americans, just to strange belief some of you yanks have, that your essential to the running of the world, and that if you go down, you'll take everyone else with you. The old world survived worse storms before the US came along, and I'm sure we'll continue to weather them when your gone. From what I've seen though that fact seems to insult Americans who still like to think there top dog and love to remind everyone that for about half a century they were the top dogs on a world scale.
Human progress isn't measured by industry. It's measured by the value you place on a life.
Just, be kind.
u wot m8? It took decades to built the infrastructure required to build the jets, super-computers, and bombs that we make today. What's more, those aren't something you can pay Chinese farmers to make. They require highly educated workers with knowledge of advanced robotics.
If the USA vanished from the face of the Earth today, the manufacturing gap likely wouldn't be filled by the end of the century. You can't just walk into a sweat-shop and say "build me a 21st century aircraft carrier!" It takes years of preparation and billions of dollars in investment. We spent the entire 20th century creating this economy. You can't replicate it in a decade, let alone a day.
But reality doesn't line up with that statement. We're almost dead-even with china for manufacturing, the difference being that they're making pens while we make advanced electronics. US companies are the primary driving force for technological advancement. We're sitting on the largest economy on Earth which exports multiple trillions of dollars in goods and services every year. Do you think we're just shooting it off into space (another market which the US dominates)? Obviously somebody badly wants what we make. And don't get me started on our weapons systems. If you aren't buying American, you're buying Russian. And only poor countries buy Russian.
edit: also, get back to me when China has 14 nuclear-powered aircraft carriers.
For their people I hope not, because then they'll have to work 32 hours a day and actually pay for it.
I'm quite sure the world will get along just fine without the ability to build super carriers not to mention that AFAIK GB is currently building a couple of those.
Also, muchy of the high tech manufacturing you talk about is also being done all over the world, super computers? the chips are as likely to be from China, Japan, Maylasia or Germany as they are to be from the US. Jets? the US has an edge on military jets sure but no one is going to die from ther world losing that edge and when it comes to civilian jets Airbus is up there with Boeing.
Yea a US crash would impact the world heavily but you're fooling yourself if you think mankind will go extinct because of it.
Frankly I only remember saying that there would be a large manufacturing gap. But I'm going to sit here and wait for you to find the exact spot in the thread where I mentioned any sort of extinction. That, or an admission that you're trying to misquote me (when speaking to me, of all things) in a medium where everything we've said is electronically stored for public viewing.
Just a SLIGHT conspiracy theory.... perhaps the global recession was rather manufactured to keep China in it's place. It's a MASSSSSSSIIIIVEE exporter and requires those exports to power it's economy. If the average guy doesn't have spare cash to buy some random cheap electronics (or whatever) from China their exports falter and they are pulled "back in line" a little?
Originally Posted by BoubouilleOriginally Posted by xxAkirhaxx