Earlier quoted context omitted.
The difference with China is that the US credit score is limited to your banking activities.
It's not just loans and banking. Bad credit severely limits your housing options, even rooms for rent are running credit checks these days. Some employers too, even in roles where you aren't directly handling money or anything close to it.
Mac mini will be made at a new facility in Houston
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Re: Mac mini will be made at a new facility in Houston
#422Earlier quoted context omitted.
These people are just trying to find an alternative narrative because the vast majority of the population have been rejecting neoliberalism for a good 30 years now. So they spin up the foreign enemy is better than us, so we need to deregulate more and not hold monopolies accountable. If we broke up Google or Amazon, suddenly we're just as bad as China!
why can't we go "wow they're getting really good, maybe we should invest harder in education and research?" That makes wayyy more sense to me
Re: Mac mini will be made at a new facility in Houston
#423Earlier quoted context omitted.
When it floods, they can hold their hands up and say "well we tried".. then get back to business as usual in China
Ask any AI, they say Apple has the best marketing of any company in history. All this tracks. Anyone else getting bombarded with WSJ youtube videos about Apple manufacturing?
Re: Mac mini will be made at a new facility in Houston
#424Re: Mac mini will be made at a new facility in Houston
#425Earlier quoted context omitted.
There are bad things in China, but there is no "social credit" system being used.
Yes there is. Why deny it? It's pretty public. In this french documentary, which was later aired on the parliamentary tv channel, the author films his daily life with his chinese wife, who has a social credit account, and interviews officials speaking openly about it. It's 4 years old. https://m.youtube.com/watch?v=Ma6txLM_LLs
There is no so-called social credit system you western guys have in mind. There is a credit reporting system. It's not that different from the US credit reporting system. But it has far less of an impact on our daily lives than the US system on Americans. For example, no one asks for your credit report when you want to rent a house.
Re: Mac mini will be made at a new facility in Houston
#426Re: Mac mini will be made at a new facility in Houston
#427Earlier quoted context omitted.
Yes there is. Why deny it? It's pretty public. In this french documentary, which was later aired on the parliamentary tv channel, the author films his daily life with his chinese wife, who has a social credit account, and interviews officials speaking openly about it. It's 4 years old. https://m.youtube.com/watch?v=Ma6txLM_LLs
i dont have.. and nobody talks about it.. in china. this remind me one of the ep of the TV show when they found so many evidence of a massacre using chemical weapons and broadcast it.. and then found out its all fake.
https://credit.fgw.sh.gov.cn/xyyj/20220902/8693d5ba378d4f578...
Re: Mac mini will be made at a new facility in Houston
#428Earlier quoted context omitted.
In Houston there is no zoning.
It's a network effect though, if 80% have zoning then you may as well be a tiny island country. The other issue is minimum wage and workers rights. It should be possible to have Chinese workers making widgets on US soil instead of Chinese soil, for $0.5/hr more than they can make in China. But that's illegal many times over. Then people wonder why manufacturing is dying across the West. If your inputs (labor) are mor…
Died a long time ago and went to hell in handbasket :(
>If your inputs (labor) are more expensive you can't compete
Houston had always been less expensive than Detroit, LA, Chicago, New England and just about anywhere else in the US for this kind of thing, but it was really the cheapness of the foreign labor that made it irresistible to Wall Street. It had always been that way but didn't really matter until after the value of the dollar had been dropped so low that they had to pay workers what amounted to exorbitant sums while the labor still ended up with less discretionary cash, and that was at the lower-value dollar.
You should have seen Houston in 1979 when the Nixon Recession was raging worse than ever, long after he had sailed into the sunset. It was no Pittsburgh[0] but there were still two steel mills and of course one of them was US Steel where they had expanded to the industrial suburb of Baytown Texas specifically because the labor was cheaper than up north.
Wall Street took that differential to the bank and lit their cigars with $100 bills :\
Eventually led to champagne and caviar with each round of layoffs.
Nixon "opened up" China, but Reagan was not yet here to put the nail in the coffin.
I agree it would take a whole lot more unfair advantages just to get closer to a level playing field.
The way to real manufacturing growth is to build much higher-value-added products per worker.
The difficult problem to overcome is that most of the low-cost raw materials have been coming from China for so long, and the ideal thing would have been coming from more than one place the whole time.
But no, the absolute cheapest must be sought.
Mexico could have been ready by now but they would have had to do it on their own in an organized way like China and India so it pales by comparison, especially high tech in spite of all the brilliant Mexican engineers and innovators.
Lower-cost labor in India might be abundant enough but it'll take a while before the supply chain can compare to what China has built with all the dollars they have had in their hands for so long.
[0] Made up for it with oil, as heavy industry goes.
Re: Mac mini will be made at a new facility in Houston
#429thanks trump!