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0 sats \ 0 replies \ @OT 14 Jun
Great video!
My wife worked for a German company based in Shanghai who delt with orders manufacturing goods for Europe and the US.
It reminded me of her interesting stories and insights, but from another angle.
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this video brings up a lot of conflicts and questions which include counterfeiters those that don't respect patents and a country that is manufacturing at a higher efficiency, and also uses a fiat currency to subsidize labor.
if I had to sum up one solution, it involves the seller of the American made good saving in bitcoin-- although they may sell less product because the product is more expensive -- overtime their business will be more successful with the bitcoin treasury as it grows in purchasing power- their business with a long time preference will eventually out compete the cheap knock offs
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