No one who is under the sun, a citizen of the United States or not, could ignore the United States’ presidential election of 2020 because it’s so polarized and contentious. Check out GZERO video right after the break on the discussion of what is going on while the presidential election (2020) is still underway.
I have a feeling that even though the West is trying to decouple from China, with job loss increases during an ongoing pandemic, I don’t see how a country like the United States can bring jobs home since unemployment is going to be high still. By this, I feel that with more people are relying on the government to create jobs and whatnot, bring jobs home mean companies in the United States have to hire more and spend more to produce anything. Meanwhile, China is once again increasing the output of their manufacturing, albeit that wages are increasing in China, the living costs in China are still way cheaper than the West, and so I think their wages won’t be rising to a point that foreign companies want to shift their manufacturing bases away from China faster. After all, producing in China does save on the costs of shipping and exporting.
Producing at home means that local companies have to be able to produce things cheaper than their foreign imports. Usually, import stuff should be more expensive than locally made since there are import costs and shipping costs that would add on to the top of the costs of the goods that are being made elsewhere. Unfortunately, it’s also depending on how productive a local manufacturing base is and other variables such as how cheap are the local wages and whatnot. Furthermore, we also have to worry about how is the local economy is doing. To add salt to the already infected wound, the COVID 19 pandemic is still an ongoing thing. So, I don’t see how decoupling from China is easy at all.
When we are trying to decouple from China, we should be prepared for China’s backlash such as how China would ramp up their distaste for foreign products even though most of these products are being produced in China. For an instance, China could ramp up the investigation into foreign companies that are actively opened for business in China, and by doing this China could persuade its people to trust less on foreign imports. By doing this China could also support their local economy through local made, and so in the long run China would be less exposed to foreign imports. I also see that China is producing much more stuff for foreign countries than foreign countries produce stuff for them — in a way why would China import more stuff when they could make everything at home?
As the United States tries to ramp up the pace of decoupling with China, China could see itself ramp up the pace of relying less on foreign imports. Meanwhile, China could also make it a lot harder for foreign companies to operate in China. At home, Western companies are facing the uglier local economy, and so these companies may not be able to produce higher revenues from local markets. Now, through geopolitical conflicts between China and the United States, it would make a lot harder for Western companies to make profits in China. Of course, Asia is a big place, and so Western companies should be able to ramp up their marketing elsewhere! The question is can other places replace the loss of the Chinese market?
Andrew Yang is not yet a president and still is only a presidential candidate for the Democrats, and yet he is already inspired people to give strangers a load of cash without any string attach. Check out a few good folks with the mindset of abundance who handling out $1K to random strangers in Harlem in the video right after the break.
In case you’re wondering who is Andrew Yang still, through a YouTube video I watched earlier I found a link to a Venture for America’s pilot podcast which interviewed Andrew Yang in detail about how he ditched his corporate lawyer job for becoming an entrepreneur. He explained how he was transitioned from being paid well as a lawyer to go around and asking rich investors for money to support his startup. It was a difficult time for him and he went into debt and so forth. Of course, later he became a CEO of a successful company and moreover he left that company to found Venture for America which the Venture for America’s pilot podcast invited him to participate as the first guest of the podcast even though, I think, he was already washed his hand from running Venture for America at the time he got interviewed. Hopefully, I wasn’t wrong on this, but regardless this podcast reveals a lot about the man who is running for a presidency of the United States of America, and his name is Andrew Yang! Check out the podcast link right after the break. Enjoy!
Check out a new video on why Andrew Yang could actually make America great again through his Freedom Dividend proposal.
I’ve been following Andrew Yang on YouTube, and I was really excited about his debate on Thursday. I caught the debate late on YouTube while it was playing live on YouTube, and so I had to rewind the playback live video and try to see how the debate was going for Andrew Yang. I got frustrated to see Andrew Yang was so silent and not a lot of questions were being directed at him for the longest time. I felt he was so shy and shouldn’t be on the debate stage until I realized there is another YouTube video which he explained that his mic was deliberately turned off. Check out the YouTube video right after the break to see his explanation of why he wasn’t able to interject his points into the debate most of the time.
I didn’t finish watching the debate because I felt the whole thing was a joke! Now, I’m even more frustrated that they deliberately switched off his mic. Now, I can see why this whole thing is so rigged!
Update: I found another video shows why Andrew Yang couldn’t interject his points into the debate.