Newfie wrote:
“Oh, that’s the local cruisers, they are waiting for Happy Hour.”
C8 wrote:This thread is called the Death of Globalism- I can remember reading 10 years ago how robots were going to make things cheaper in the US than outsourcing to China, etc.
What happened?
vtsnowedin wrote:C8 wrote:This thread is called the Death of Globalism- I can remember reading 10 years ago how robots were going to make things cheaper in the US than outsourcing to China, etc.
What happened?
China is building and owning the robots.
C8, do you read anything else after you get done reading every word zerohedge cranks out each day?
Why do you consider that question an attack that requires a crude rebuttal?C8 wrote:vtsnowedin wrote:C8 wrote:This thread is called the Death of Globalism- I can remember reading 10 years ago how robots were going to make things cheaper in the US than outsourcing to China, etc.
What happened?
China is building and owning the robots.
C8, do you read anything else after you get done reading every word zerohedge cranks out each day?
vtsnowedin. do you attack everybody after your inflatable wife springs a leak?
onlooker wrote:Globalization is finished. It will be working in reverse henceforth. The Pandemic and ensuing Grest Depression 2.0 are the catalysts. Peak oil is the final nail in the coffin
asg70 wrote:onlooker wrote:Globalization is finished. It will be working in reverse henceforth. The Pandemic and ensuing Grest Depression 2.0 are the catalysts. Peak oil is the final nail in the coffin
Good job. Spoken like a good doomer NPC.
I am taking these US results and extrapolating to the world mainly because all major economic blocks have suffered similar results from Covid.
CBO’s May projection of real GDP in the second quarter of 2020 was $724 billion (or 13.3 percent) lower in 2019 dollars than the agency’s projection from January.
vtsnowedin wrote:Big numbers indeed but I think we need to refine the way we look at the data. GDP after all is a Gross number where every dollar is counted the same be it for a sheet of steel, a loaf of bread or a tip at the stripper club. While we have been shut down things like dinning out or hanging out at the bar have been shut off while essential production from energy to food production have carried on . So the real hit to our society is much less then the GDP as usually computed would indicate. Did it really do you any harm to miss a hair cut or two?
Subjectivist wrote:Globalism could survive if the cost of shipping were to get significantly cut. For example the Arctic Sea Route will cut costs a lot even if nothing else changes. Then add in something like say nuclear tugboats to allow conventional ships to transit the arctic without releasing emissions from fossil fuels. Just picture a nuclear tugboat/icebreaker that could latch onto a conventional freighter drag it safely through the sea ice going east from Europe. Then once it is past the sea ice it releases thd east bound freighter to finish its run independently while the icebreaker/tug latches onto a west bound freighter and takes it back through the ice westbound to Europe.
dolanbaker wrote:The thing that will kill globalisation is wage equality between producer & consumer countries, resulting in the cost difference being almost zero and if the local products are of good quality, no one will buy the imported stuff.
sparky wrote:. Globalism was based on contempt for workers rights
Globalism was based on contempt for workers rights
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