We won't because the reason there was a market for Chinese cheap stuff to begin with is the insatiable appetite of the American consumer for cheap and useless crap. That, and the economics 101 of comparative advantage. In this case, the argument should be with command economy labor market intervention and currency manipulation that artificially creates the comparative advantage. If China were a free market, wages among the Chinese middle class would be rising and erasing their comparative labor rate advantage.
In the meantime we've forsaken and abandoned all knowledge of manufacturing so much that the mention of bringing back manufacturing to the US on a large scale is laughable. We have a lot of back tracking to do in order to make that happen.
We could, you know, stop buying their stuff.
We won't because the reason there was a market for Chinese cheap stuff to begin with is the insatiable appetite of the American consumer for cheap and useless crap. That, and the economics 101 of comparative advantage. In this case, the argument should be with command economy labor market intervention and currency manipulation that artificially creates the comparative advantage. If China were a free market, wages among the Chinese middle class would be rising and erasing their comparative labor rate advantage.
In the meantime we've forsaken and abandoned all knowledge of manufacturing so much that the mention of bringing back manufacturing to the US on a large scale is laughable. We have a lot of back tracking to do in order to make that happen.