>Neomercantilism is a policy regime that encourages exports, discourages imports, controls capital movement, and centralizes currency decisions in the hands of a central government. The objective of neo-mercantilist policies is to increase the level of foreign reserves held by the government, allowing more effective monetary policy and fiscal policy.
>China, Japan and Singapore are described as neo-mercantilist.
>Its policy recommendations...are generally protectionist measures in the form of high tariffs and other import restrictions to protect domestic industries combined with government intervention to promote industrial growth, especially manufacturing
mercantilism made the west fantastically rich and powerful, then the jews won WWII and gave gave the goys neoliberalism
neomercantilism works, neoliberal socialism doesn't, ok? If we don't change we are going to get completely crushed by China
>>56810190
The US is in serious trouble, you have to change course now.
no its not entirely because of Obama, the neo cons are just as bad, they push stuff that might even be worse
>come on you goys, we need less banking regulation and more open borders for people and goods, who needs manufacturing right :^) look how well its working
USA is shit
Sanders is protectionist as well.
Capitalism doesn't work unless all firms compete on a level playing ground. It stops working if domestic firms must compete with what amounts to slave-labor and currency manipulation from firm competitors.
Free trade agreements should only be with countries who's economic and political system and legal enviroment very closely match our own. The more different, the higher the tariffs and controls should be. US and Canada or US and Chile, sure.
>>56810392
That right there is a Redpill, motherfuckers. Ain't our recovery grand? If you want another one, look up the OCC's quarterly derivative's report, and then understand that it's risk assessment assumes that no counter parties will go out of business when financial SHTF, and thus is full of shit.
And while I haven't looked into Trump's economic policies, if they are what you say they are, they are flat out incompatible with the US Dollar's status as the world reserve currency.
>>56811986
Not denying what you're saying, but can you elaborate how trumps economic policies are incompatible with the US dollar? Do you think that Trump can actually help the US economy? and Most importantly, what are your qualifications to give any assessment? And Im asking you genuinely, because I have yet to hear any meaningful info about this stuff
>>56810190
Canada = Chinese Colony
We should see more of these posts in the future.
>>56812417
China is colonizing all of Africa right now. They're building infrastructure for poor African countries in exchange for their natural resources. They're doing what america shouldve done, instead of war for resources.
http://www.bbc.com/news/world-asia-18901656
http://www.ibtimes.com/china-africas-new-colonial-overlord-says-famed-primate-researcher-jane-goodall-1556312
>>56811929
Free trade sucks for the US right now because China is better at producing things than the US.
The problem isn't free trade, the problem is the tight regulations in the US that allow the Chinese to out compete us. We need low taxes, no minimum wage, little to no regulation, and open ports. If we do that the US will be saved. No other country will be able to compete.
>>56810190
WAR IN THE MIDDLE EAST
PROXY WARS BETWEEN WESTERN POWERS
AMERICA GETTING KUCKED BY POLITICAL CORRECTNESS AND WEALTH INEQUALITY
EUROPE TURNING INTO AN ISLAMIC STATE
>mfw east asia is building and building
>>56810190
Not gonna happen. The western corporations owns the government through lobbyists, and said corporations are dependent on the good graces of China for producing their goods in China and also to sell them in China. Where as in China at least, the government owns the corporations.
>>56812331
My qualifications are that I'm not an economist.
As for his views not being compatible with the USD being the world reserve currency, it has to do with world demand for dollars. If you are not the USA and you want to trade in dollars, you need to get them somehow, and that leads to the Triffin Paradox, i.e. that the USA will eventually have to go into a trade deficit in order to supply the world with dollars.
Look where we are now.
>>56812747
While I want the US to be able to compete for manufacturing, I think some of those ideas might be too extreme.
1: have you seen what the manufacturing is doing to china with all the smog and cancer rates skyrocketing?
2: While I disagree with minimum wage rising to 15 an hour, we do need some sort of regulation, because it at least keeps the quality of workers higher. Can you imagine the retarded paint huffers that would work for a nickel an hour?
I think where the US needs to focus is skilled manufacturing, using the skill of the american workers and heightened minimum wages to our advantage. While the people that are working at minimum wage right now might not seem "Skilled" to most people, they can still assist in making great things. If we focus on higher manufacturing in the US we would be better off. Besides, china is mostly just mold injecting plastics and working with lead based paints
>>56813312
I'll have to read up on the triffin paradox. Im just not too familiar with USD and trade.
>>56810392
none of that shit even really matters
#1 issue is declining white population coupled with mass immigration
>>56813519
If you get into the USD and trade, you're going down a dank fucking rabbit hole. Few people ever question why the USD is valuable, but they'll spend their lives chasing after them.
>>56813731
any good places to start reading about it? I'm very interested
>>56810190
China, Japan, Russia, Germany, etc. practice it and we should too.
>>56813423
China's issues aren't really from manufacturing
>>56810190
>said no one ever
USA and china economies are heavily reliant on each other.
>>56813767
Look at the Federal Reserve and how it was created, FDR's famous executive order banning the populace from having gold, then promptly devaluing the dollar, the Bretton Woods agreement, the effect of LBJ's "Great Society" and the Viatnam War on the supply of USDs, the Nixon Shock where Nixon closed the gold window to foreign governments, which prompted Kissinger to be sent into Saudi Arabia to set up what is now often referred to as the Petro Dollar system.
>>56813908
And what do you figure its from? Car smog?
It seems like its a mixture of both manufacturing and large amounts of diesel trucks delivering to construction sites
http://www.theguardian.com/world/2015/aug/22/chinese-mock-claims-beijing-is-most-liveable-city-despite-smog-lifting
>>56813423
>have you seen what the manufacturing is doing to china with all the smog and cancer rates skyrocketing?
Pollution should remain illegal of course, insofar as it encroaches on other property. The US has lost so much ground in manufacturing it's ridiculous. We have to take some of it back.
>While I disagree with minimum wage rising to 15 an hour, we do need some sort of regulation, because it at least keeps the quality of workers higher. Can you imagine the retarded paint huffers that would work for a nickel an hour?
Why have high quality workers wasted on low quality jobs? Removing the minimum wage would increase the labor participation rate, decrease unemployment, and decrease the cost of nearly all goods and services. It would also allow teenagers to get into the workforce easily and transition into good jobs in and after college.
>>56810392
Such a bullshit image.
The years and data are not consistent at all, they just cherrypicked what they could to show either a downward or upward trend.
>>56813939
>USA and china economies are heavily reliant on each other.
>china creates all the g&s
>china lends money to US to buy chinese goods
>US prints money to buy Chinese goods
The yuan is kept artificially low so China's loans to the US are still worth something. Once China wakes up and realizes that we aren't paying them back, the yuan will rise, China will buy its own goods and the US will be fucked.
>>56814284
Feel free to prove them wrong. Here is where they came from:
https://research.stlouisfed.org/fred2/categories/
>>56814163
>Pollution should remain illegal of course, insofar as it encroaches on other property. The US has lost so much ground in manufacturing it's ridiculous. We have to take some of it back.
I completely agree
>Why have high quality workers wasted on low quality jobs? Removing the minimum wage would increase the labor participation rate, decrease unemployment, and decrease the cost of nearly all goods and services. It would also allow teenagers to get into the workforce easily and transition into good jobs in and after college.
I'm not saying to have high quality workers on low quality jobs, im saying that it would be good to have more high quality manufacturing jobs for the minimum wage workers to have.
Im just afraid that it might no longer be possible to remove minimum wage. As of right now its basically impossible to live on minimum wage (which i agree with it being that way, it makes for better motivation to better yourself) I just think that it might be too easy for companies to take advantage of this. If there was some sort of accountability to make sure workers arent taken advantage of, it might not be so bad. It would definitely help some homeless people get some money (at least the ones that want to work). I personally liked the idea in house of cards, work for anybody that wants a job, effectively making the unemployment 0% and increase productivity.
>>56810190
>Neomercantilism is a policy regime that encourages exports, discourages imports,
>China, Japan and Singapore are described as neo-mercantilist
>Japan
>discouraging imports
Hello person who knows nothing.
I've never seen so much support, in one place, for protectionism until Trump became a meme here. This is just sad.
>>56810190
Called US going down the road to mercantilism in 2008. Most of it did/is turning out as claimed.
http://thelastpsychiatrist.com/2008/09/we_are_all_mercantilists_now.html
>>56814896
Are you the author?
>>56813985
>the effect of LBJ's "Great Society" and the Viatnam War on the supply of USDs
Could you expand on this? I'm informed on the other stuff you mentioned, but don't know much about this?
>>56814712
>As of right now its basically impossible to live on minimum wage
"Live" by American standards. People in the US, even those with absolutely no skills, feel entitled to fast Internet, cable, a good car, and a large TV. They also feel entitled to start a family despite having no money at all. It's totally possible to live on minimum wage without government help, people just aren't willing to give up nice things and hustle like the Chinese.
>If there was some sort of accountability to make sure workers arent taken advantage of, it might not be so bad.
What do you mean by this?
>I personally liked the idea in house of cards, work for anybody that wants a job, effectively making the unemployment 0% and increase productivity.
How would that work? Haven't heard of this.
>>56810190
All memes aside, Trump is absolutely right for pushing against China and this alone should get him elected. USA's desperate attempt to ignore China will cost them dearly.
>>56815369
Because of the Vietnam War and the "Great Society" (i.e. super welfare,) the US had to print a shitload of dollars. This prompted the rest of the world to go "hmmm, those Americans sure spending a lot of money, can't we still get an ounce of gold from them for $35?" That started a run on US gold reserves.
>>56815312
No but me and the author ran another small site together that addressed topics similar to his blog.
It's a shame he doesn't write anymore. His blog and writing are IMO fantastic. It should be right up some of /pol/'s alley.
>>56815699
Hah, so you're Pastabagel, or some other contributor to Partial Objects? Nice.
It really is a real shame Alone stopped writing; everyone I've shared his writing with seemed to find it helpful, here and in real life. I hope he finally decided to go to rehab or something, because he sounded increasingly unhappy and slightly deranged towards the end, almost like he was going into some kind of mixed bipolar episode.
Anyways, thanks for your contributions.
Here's how you fix the economy:
>every child gets aptitude testing early
>kids get funneled into sectors of industry that are in need
>train for positions that exist rather than what people want to do
>if you finish your education and aren't a complete fuck up, you get a job
>otherwise get pushed into the military or submit to a labor camp
>>56810190
That's right the bubble will never burst. China will grow larger. We will live in prosperity.
