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118 sats \ 0 replies \ @Solomonsatoshi 17 Jan \ parent \ on: Policy Proposal for Trump's Bitcoin Stockpile Leaks bitcoin
Low quality manufacturing is shifting to lower wage economies.
Wages in China are rising faster than anywhere in the world...and have been for the last 3 decades.
Study this time lapse graph illustration if you want to understand the incredible and continuing rise and now global dominance of China productive economy.
https://unctad.org/topic/trade-analysis/chart-10-may-2021
The whole argument is that China is rising and USA can save itself with a speculative play on Bitcoin- its a joke that avoids the real problem- the systemic and chronic decline in US/Western productivity and competitiveness versus China.
The West cannot compete with China EV nor can it compete on all the hundreds of thousands of other manufactured goods that China now produces more efficiently than the West can. Tariffs might buy Elons Tesla time but the fundamentals are all in Chinas favour...unless the US resorts to brute force.