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How much do you think it costs to make a pair of Nike shoes in Asia?

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Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#741
post #433

Earlier quoted context omitted.

Trump has zero to do with previous level of US hegemony. He represents what large part of Americans are - for internal reasons that have nothing to do with geopolitics.

> Trump has zero to do with previous level of US hegemony. > He represents what large part of Americans are - for internal reasons that have nothing to do with geopolitics. No, it's all about geopolitics. Perhaps the most thorough analysis of the 2024 election concluded that Trump won 18-25 year old men (white + non-white). Trump did better among younger men than men 75+. Trump also won young white women. (See: https…

> impending loss of America's stature

Impending cause of loss of stature.

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#742
post #672

This makes a good argument against centralized production and knowledge. It would economically be much more reasonable if any good could be produced anywhere at any time. Smaller production facilities for localized sourcing. Would IMHO also be much more in line with a free market. Everyone would be free to source goods in any country or location of their choice. Coupled with open knowledge this could be a truly free…

It sounds like you're advocating for a centrally planned market that allocates resources according to a grand, rational vision. A free market will by definition be messy, sometimes inefficient, adhoc, and defy any notion of a grand vision. You have to trust the free market to produce the best results in the long run, and to be the most responsive to change (opportunity).

The “free market” cannot exist. It’s impossible.

All you can ever do is trade manipulation. By who and to what agenda.

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#743
i've seen certain groups defend war (really cannot imagine this) and now i'm hearing from the same group i'm a part of, well it's okay to off-shore all this because the president doesn't like offshoring? for years fashion forums have bemoaned the offshoring of american clothing. if the president said he supported communism, would certain groups suddenly become free market capitalists?

have people always been like this? was this 'anything but agree' position common back in the 70s and 80s? is this an american thing or christian society thing?

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#744
post #310

Earlier quoted context omitted.

The free traders also need to accept the reality that the UK’s decline started long before Brexit and disputes about fishing. In terms of per capita GDP, the UK lost its edge over the rest of Europe in the 1970s, and then simply never recovered from the 2008 global financial collapse. Without the empire, the UK’s “competitive advantage” in financial and legal services wasn’t worth shit. I strongly suspect the US cann…

I think Germany is a bit of a special case due to what happened after the war, I think a more objective comparison might be say France.

The special case was that big chunks of Germany ended up under the control of capitalists. The pattern in Germany, Japan and even Korea is that in the post-war era the US understood how to build up a country's economy and their policy formula was effective.

The observation is depressingly simple - competent economic management leads to great results. Typically that involves investing a bunch into developing industrial capability. Listen to people like Ed Deming. Let people build things. The US isn't doing that, we haven't seen any new industrial capability out of them in decades. Silicon Valley is the closest thing they have in the modern era and it is mostly services.

If you ask where the wealth is supposed to come from in the Chinese economy there are a lot of obvious answers - it could be energy innovations from the nuclear or renewable sectors. It could be manufacturing innovation as they work on improving their factories. Maybe they're going to come up with hot new products out of Shenzhen. They're big players in the AI revolution and working to build up domestic semiconductor capabilities. Maybe they're just going to wait for other people to come up with good ideas and copy them with speed and scale on their side.

The US has a much less obvious story. Biotech could be an amazing path, but they've left the ring for a lot of the more promising industrial options. And holding the health industry up as being the way to a bright future seems a bit weird. Maybe they succeed in building a services economy that impresses people; that'd be a cool first.

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#745
post #532
post #477

Earlier quoted context omitted.

No. Because there wasn't any significant trade barriers to the EU from the US up till last week. And then today all the tarrifs are suspended (down to 10%) so it's hardly like there's a reliable advantage there.

Yes, and we'll see what next week brings sigh . For all any of us know we're going to wake up in the morning and the EU has a 125% tariff too. I'm not even sure Mr orange himself knows what happens in 90 days when these temporary reliefs expire.

90 days? We don't know what is going to happen tomorrow or more to the point if you put goods on a boat to the USA you have no way to predict what the tariff will be when they arrive. If you are selling a product that relies on imported parts you can not know your cost of goods until they clear customs.

We are literally in the process of moving some of our operations to LATM to avoid this uncertainty.

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#746

Earlier quoted context omitted.

> The current market is centralized a lot more than people want to see or admit. You completely misread their comment. They said central planning , as in, a command economy.

Considering I talked about a truly free market, central planning then seems to be a weird reaction. Why would that be related? It's not like I suggested a Chinese system, I advocated for one which is free from monopoly and focusses on local production and diversity for sourcing goods.

A truly free market? But free from monopolies and adhering to ?

Kind of sounds like a regulation and not a truly free market.

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#747

Earlier quoted context omitted.

The US appears to be trying to end the reserve dollars. Something that surprisingly few people have mentioned recently is that having the biggest trade deficit is the same thing as being the global reserve currency . Because they're the same thing, ending one of them also ends the other. There does seem to be some sort of cycle in play: first a slave-driver-type economy creates a whole lot of wealth, then people get…

> Something that surprisingly few people have mentioned recently is that having the biggest trade deficit is the same thing as being the global reserve currency. Can you explain this a little more? Why does having a trade deficit make your currency more valuable? My naive assumption is it would put more dollars in other countries, so they don't need them as much, making dollars less valuable.

US is the alpha consumer. If you can sell in the US, you won. You want to sell in the US. You get dollars for what you sell in the US and since everyone else also wants to sell in the US, you trade with everybody using dollars. Also, your government goes batshit crazy statistically more often than the US, so your currency risk is smaller if you're settling trade in dollars.

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#748

Earlier quoted context omitted.

Except that that future of a big powerful China doesn't exist. Their birth-rate is 1. Game-over.

The USA is also below replacement levels.

US birthrate is 1.6, really bad, but by far less disasterous and permanent as China's 1.

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#749
post #102
post #42

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…

I don't think we will be making much of anything in the UK until energy prices come down, which is unlikely to happen with little new nuclear coming on stream and fracking new North Sea oil being banned.

The good news is though that if EG steel manufacturing moves to China and starts using cheap coal fired energy and selling back to the UK, it helps the UK meet its Net Zero targets.

Re: How much do you think it costs to make a pair of Nike shoes in Asia?

#750

Earlier quoted context omitted.

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.

And apparently she really does pay all her taxes (£47m last year, roughly $60m)
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