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bottom line there's very actual margin for the companies to play with on tariffs.
Best to avoid the tariffs then? Is there a reason that Nike can not make shoes in the US?
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There's a problem with just directly comparing them - because JKR probably brings in more revenue to the UK than fishing, with Potter copyrights. But most of that revenue goes to JKR, whereas most of the fishing revenue may end up in "working class" people's pockets.
> But most of that revenue goes to JKR, whereas most of the fishing revenue may end up in "working class" people's pockets. I am sure JKR has to pay taxes still, which goes back to the government.
Velocity is one of those critically important concepts that often gets left out of these discussions because it's hard to understand if you haven't formally studied economics because it's all about second order effects. But it's a big part of understanding why, historically speaking, maximizing corporate profits doesn't seem to correlate all that well with overall prosperity trends.
Americans need to get over their view of “Asia” as being about making shoes. When I was working in engineering in the early aughts, we mocked the Chinese as being able only to copy American technology. Today, China is competitive with or ahead of America in key technology areas, including nuclear power, AI, EVs, and batteries. We need to anticipate a future where China is equal to America on a per capita basis, but f…
> US will find itself in the same position the UK is in now The thing is .. there's a point here, but it's not at all tied in with physical products. People are obsessed with one side of the ledger while refusing to see the other. Most of the stuff the UK is struggling with (transport, healthcare, energy) are "state capacity" issues. Things where the state is unavoidably involved and having better, more decisive lead…
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> But most of that revenue goes to JKR, whereas most of the fishing revenue may end up in "working class" people's pockets. I am sure JKR has to pay taxes still, which goes back to the government.
> I am sure JKR has to pay taxes still, which goes back to the government. Does JKR personally own the copyrights, or have they been sub-licensed to a corporation in (e.g.) Ireland?
> As the US has switched to a post-industrial economy, a lot of the wage growth has been in knowledge intensive services—medicine, law, engineering. I.e. bullshit jobs.
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> Fishing is less profitable for the whole UK than Warhammer. This sounded completely insane to me. I tried to look up numbers and found that Games Workshop brings in > 0.5 billion in revenue (!!), compared to all of UKs fisheries at 1 billion-ish (profit margins are, as you'd expect, pretty favorable for the plastic figurines that they don' even paint for you). Thanks for this interesting fact.
There's a problem with just directly comparing them - because JKR probably brings in more revenue to the UK than fishing, with Potter copyrights. But most of that revenue goes to JKR, whereas most of the fishing revenue may end up in "working class" people's pockets.
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> Fishing is less profitable for the whole UK than Warhammer. This sounded completely insane to me. I tried to look up numbers and found that Games Workshop brings in > 0.5 billion in revenue (!!), compared to all of UKs fisheries at 1 billion-ish (profit margins are, as you'd expect, pretty favorable for the plastic figurines that they don' even paint for you). Thanks for this interesting fact.
There's a problem with just directly comparing them - because JKR probably brings in more revenue to the UK than fishing, with Potter copyrights. But most of that revenue goes to JKR, whereas most of the fishing revenue may end up in "working class" people's pockets.
Warhammer requires designers, moulding experts, warehouse staff and so on.
Games Workshop is a public company, in case you want to look up their accounts for the comparison.
Americans need to get over their view of “Asia” as being about making shoes. When I was working in engineering in the early aughts, we mocked the Chinese as being able only to copy American technology. Today, China is competitive with or ahead of America in key technology areas, including nuclear power, AI, EVs, and batteries. We need to anticipate a future where China is equal to America on a per capita basis, but f…
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> Yeah, it's real easy when you employ an army of nation-state hackers to break into and steal R&D and tech from US Fortune 500 and aerospace companies to then use it internally and give to private industry in China. All of this is old, tired news. They're leading in many areas now, so at least in the fields where they lead and innovate, they couldn’t have "stolen" anything. If you would like to get more up to date:…
Imagine that, Chinese hackers breaking into energy companies and stealing blueprints to nuclear power plants (2014). https://money.cnn.com/2014/05/19/technology/security/china-h... >The kind of spying China is accused of can yield valuable information and give the country's businesses a much-needed boost. Westinghouse spent a significant amount of money designing the special pipes that are the defining feature of its…
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Their population is declining, and they are a long way away from parity with the west on a per-capita basis. I think China missed their opportunity. Also, the UK hasn't dominated finance for a century and has never been dominant in services, so it doesn't seem like an apt comparison.
'declining' on which level? China will surpass USA from a GDP Point of view in 2035. China surpassed Germany as industry machines export in 2018.
https://bigdatachina.csis.org/measurement-muddle-chinas-gdp-...