Originally Posted By: OVERK1LL
Originally Posted By: Bluestream
Originally Posted By: OVERK1LL
So Germany doesn't have an advanced economy? Explain.
Yes, they do have an advanced economy.
Originally Posted By: OVERK1LL
Everything from regular power cords, media converters.... you know the little stuff that we outsource to China, I have now seen "made in Germany".
You saw this on a high end piece of electronics, that's normal. I don't think Raytheon uses made in China components in any of their aviation or military electronics.
Originally Posted By: OVERK1LL
And there are plenty of advanced jobs and companies in Germany. But apparently, they also still make a lot of the little stuff too. Strange how a country the size of New Brunswick has been able to thrive at manufacturing everything from big to small
The size of the county is not relevant to anything, look at Hong Kong..
Of course size is relevant. Germany has 88 million people in a country the size of New Brunswick. Canada has 33 million in comparison.
You guys have 307 million people in a very similar sized land mass to Canada.
Germany has a 6.1% unemployment rate; 5.3 million unemployed.
Canada has a 7.2% unemployment rate; 2.3 million unemployed.
USA has a 9.2% unemployment rate; 28 million unemployed.
You guys have almost the entire population of Canada as unemployed. And 1/3rd of the German population!
Don't you think it would be better for your economy if 10 million of those people (which would put you in-line with Germany's unemployment rate) were being productive members of society, producing those "unadvanced" things that North Americans are "too good" to manufacture like the items I've pictured?
It would reduce imports from China, lower unemployment, increase tax revenue, reduce social service costs and increase spending. You'd have 10 MILLION more consumers spending money they EARNED vs money that has been taxed from the rest of you and given to them. The taxes from the products would go to the American government instead of China. I don't see the downside?
Your so focused on the numbers. You have to look at the reasons.
Germany HAD to invest in NOTHING but their engineering and manufacturing industries.
After WWII and the height of the cold war, Americans where in a much different situation.
You can't just say, well, the unemployed should start making stuff. Where talking about a social institution and economy that has been growing farther and farther away from the manufacturing industry for around 40 years.
You cant just turn that type of economy around. Unless ofcourse, like what happened to Germany, we are forced into doing it.
Anyway, America exports a lot!!! No one can export debt and weapons like we can!!! USA! USA!