China developing involves western companies outsourcing their labour and production to China

Time to be sus

the only positive is that china is outsourcing themselves to africa to try to sustain their economic growth and trying to get a huge tech industry

but regardless it makes a lot of people who previously had skills in manufacturing unemployed and unprofitable

Good!

Learn IT

time to learn to code

coding is the future...

please learn to code...

coding based economy

That's a necessary outgrowth of the development of capitalism.

It was always going to end like this

no lol

Yes.

Cappy tallists simply should get whacked by our one-party state if they disagree

Chinese governance methods time

bill clinton's economic policies literally could've managed to include both american manufacturing and a higher service economy but he ignored it for muh free trade

it is inevitable but not entirely

There is no way to maintain capital growth in a single country perpetually.

I pray that the CIA blows up the Three Gorges Dam one day

How could Bill Clinton have maintained US manufacturing and expanded the service economy? @anti

by protectionism lmao

how else

The only reason we had an outgrowth of the service economy is because of the shrinkage of investment in domestic manufacturing. The people who were no longer able to work in manufacturing transitioned into service economy.

the service economy is literally inevitable to grow no matter with modernization

Protectionism isn't a sustainable macroeconomic plan tard.

and?

thank you *squints* wagie

im just arguing against their free trade policies that outsourced jobs helped destroy american manufacturing

But you need to pull workers from some other sector. It was an outgrowth of the fact most American manufacturing became obsolete with the development of the third world.

You can't just have both sectors grow with a working population which previously only engaged in one industry

American manufacturing was always going to eventually cease to exist

That's just how capitalist firms function.

And if the third world was kept down?

That wasn't going to happen either.

wdym nigga the unemployment rate was literally 7.3% at the time lol

Those firms exist to make money, they can generate more profit by industrializing the third world and exploiting their populations at a greater rate than they can exploit first world populations. Corporate power was always going to be leveraged to globalize the economy and industrialize the third world

We know, hence why most of us here don't call ourselves ardent capitalists

Nigga what are you talking about. You think that 7.3% of unemployed people would somehow support the growth of a service economy that would be meaningful.

where did i mention them supporting the growth of a service economy