Big us toy company went bankrupt. They owe their Chinese suppliers a lot of money. One of my buddies is doing due diligence and asked the supplier if they could sell him the product they used to make for the bankrupt co. “No we sell direct on Amazon ourselves now”
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America is (as usual) asleep at wheel. We’re going to go from Made in China to Made in and Sold by China. (And fulfilled by Amazon haha)
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Replying to @Molson_Hart
"Cutting out the middlemen" -- America, since 1776 Bummer.
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Replying to @mgirdley
I think this should be allowed, to the extent that they compete fairly and our system allows for fair competition. 1. They don't 2. It doesn't
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Replying to @Molson_Hart @mgirdley
European companies used to complain that American & Japanese competition was similarly unfair. From an Old World perspective it’s interesting to see US companies struggling with Chinese state capitalism (National Socialism).
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Replying to @ChangKelong @mgirdley
Our system is fucked though. If they beat us fair and square so be it.
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Replying to @Molson_Hart @ChangKelong
The whole "if we trade with China, they'll eventually become freer naturally" hypothesis of the last half-century has to be one of the largest unforced errors in history.
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Replying to @mgirdley @Molson_Hart
It did work up to a point, though. Most young Chinese in 2020 prefer American style entertainment & individualism to Commie self sacrifice.
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Replying to @ChangKelong @mgirdley
China was smart about how it did trade though. They’ve been very careful to avoid American Indoctrination, stole a ton of tech, and set things up in such a way that they got they got the tech and jobs and we got cheap stuff.
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