Comment by smallmancontrov
Comment by smallmancontrov 6 hours ago
Did the USSR ever manufacture 80% of the stuff in your house?
Comment by smallmancontrov 6 hours ago
Did the USSR ever manufacture 80% of the stuff in your house?
> Part of what makes the world today frustrating is both America and China are squandering their advantages in remarkably-similar ways, with each regime’s defenders speaking almost identically.
Personalist rule be personalist. Also glad to see you also appear to recognize our "Wolf Warrior" moment.
If they had manufactured 80% of the stuff in my house, wouldn't Reagan have concluded that they had won the war before it started? A country that manufactures 80% of the things you need to live might just decide to not sell them to you if you misbehave.
US Gov/cabinet in that period were basically so racist they thought they could outsource all the manufacturing to asia and nobody would ever figure out how to develop advanced technology like cars, desktop computers, telephones, jet engines etc, and would remain dependent on US controlled fossil fuels forever anyway. in a sense they thought India or LatAm in 2025 is where most of Asia would peak, and US giants would retain control.
both sides of the aisle, the old school Wellesley college democrats were just the same. they didn't even think China would be able to make washing machines! you must remember that in the early 1980s the majority of whitegoods (washing machine, toaster, fridge, etc) were made in the USA and the idea of moving it to China was about as crazy as space data centres or self driving cars
Yes, but the real question is if Reagan still would have pushed as hard for financialization and deindustrialization if he understood that he was ultimately selling American industry to communists.
I think he would have. I think he hated American labor more than he hated foreign communists. If his head were still around in a Futurama Jar to comment on the matter, I think he would be blaming American workers for the consequences of his own policies.
Reagan didnt push for deindustrialization and "the world is flat" world view didn't take precedence until after the fall of the Soviet Union in the 90s.
At the time, everyone was still optimistic that China would eventually become more open and even democratic, that Russia would not regress, etc.
It was still common for electronics and microprocessors to be made in USA well into the 90s. Reagan had nothing to do with the expansion of WTO and trade deficits with China that ballooned under HW, Clinton, Bush Jr and Obama.
You can't have financialization without deindustrialization and he didn't push in that direction, he shoved. This macroeconomic story is 500 years old. He knew what he was doing.
> I think he hated American labor more than he hated foreign communists
Ironic, considering his own history as a union leader.
> Did the USSR ever manufacture 80% of the stuff in your house?
China makes about a third of the world’s stuff [1]. Soviet Union probably peaked around a fifth, though it might have been as high as a fourth.
China is undoubtedly stronger today, absolutely and relative to the U.S., than the Soviets ever were. But history is littered with self-obsessed autocrats ruining a good thing.
Part of what makes the world today frustrating is both America and China are squandering their advantages in remarkably-similar ways, with each regime’s defenders speaking almost identically.
[1] https://cepr.org/voxeu/columns/china-worlds-sole-manufacturi...