Results 1 to 4 of 4

Thread: Kabuki & Politics; Perception & Reality

Threaded View

  1. #4
    Join Date
    Nov 2008
    Posts
    623

    Default Re: Kabuki & Politics; Perception & Reality

    What's crazy about that "perception" is they are both basically getting the same outcome regardless of what party is in power. And democrat voters and politicians are cheerleaders of the state sponsored defense complex. Bonkers.

    The DoD recently brought out an unclassified report (click on the title). It's basically advocating a re-tooling of the US's industrial / manufacturing base and a more isolationist view. And mentions China a lot. I've copied some passages below.


    Assessing and Strengtheningthe Manufacturing and DefenseIndustrial Base and Supply ChainResiliency of the United States

    On manufacturing:
    Decoupling of Design and Manufacturing
    As U.S. companies lost their domestic supplier ecosystems, design decoupled from manufacturing and many firms shifted focus from designing and building products to designing and selling products. With increased offshoring of manufacturing, many companies have excised their process engineering capabilities, further reducing technical innovation and deterring future investment in next generation manufacturing.37 Together, these effects jeopardize the ability of America’s manufacturing base to supply innovative products and skilled workers to the industrial base, threatening capabilities needed for national security.

    On the trade deficit and open markets
    U.S. defense products enjoy a very successful export market with $41.93B in FY2017 sales,59further bolstered by the Administration’s efforts to help facilitate this critical part of our economy. However, the erosion of parts of our industrial base, is, in part, attributable to theindustrial policies of major trading partners that have created an unfair and non-reciprocal trade environment. Those policies contribute to the U.S. annual trade deficit in goods, the largest in the world at more than $796 billion.60 Of this total, almost half of the U.S. tradedeficit in goods is with China – roughly $375 billion in 2017.61 The European Union accounts for another roughly $150 billion.
    Many nation states have implemented coherent investment plans and tax policies, such as Germany’s Industry 4.0 initiative, forcing U.S. firms to compete against nation states with wellresourced policies to support their domestic industries. In this environment, the lack of acoherent U.S. industrial policy puts domestic suppliers at a disadvantage, amplified by the trade policies of some U.S. competitors that violate trade norms of reciprocity and open competition.

    Even textiles

    While the United States is the fourth largest exporter of textile-related products in the world,there remain acute challenges across the more than 8,000 products the domestic textileindustry supplies to DoD.68 The single qualified domestic source for high-tenacity polyester fiber used in many DoD tent systems dissolved its business due to its inability to compete in anincreasingly competitive global fibers and textiles market.69 Currently, there is no U.S.manufacturing capability for high-tenacity polyester fiber that allows for military specificationqualification.

    And last but not least China-There are pages and pages on China summarised as follows
    China’s economic growth has, in turn, helped finance its rapid military modernization. In 2001,China’s annual military budget was less than $20 billion.73 By 2017, it exceeded $150 billion,74second only to the U.S.
    China’s non-market distortions to the economic playing field must end or the U.S. will risklosing the technology overmatch and industrial capabilities that have enabled and empoweredour military dominance – even as China seeks to raise its military capabilities to U.S. levels.

    Huxley was right the military-industrial complex makes policy.
    .
    “A democracy which makes or even effectively prepares for modern, scientific war must necessarily cease to be democratic. No country can be really well prepared for modern war unless it is governed by a tyrant, at the head of a highly trained and perfectly obedient bureaucracy.” Aldous Huxley

    And so the trade war with China is just getting started.
    Last edited by llanlad2; 10-12-18 at 04:25 AM.

Similar Threads

  1. Replies: 66
    Last Post: 01-07-16, 09:53 AM
  2. Replies: 1
    Last Post: 08-18-10, 09:18 PM

Bookmarks

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Opinions expressed herein are those of the posters, not those of iTulip, Inc., its owners, or management. All material posted on this board becomes the intellectual property of the poster and iTulip, Inc., and may not be reposted in full on another website without the express written permission of iTulip, Inc. By exception, the original registered iTulip member who authored a post may repost his or her own material on other sites. Permission is hereby granted to repost brief excerpts of material from this forum on other websites provided that attribution and a link to the source is included with the reposted material.

Nothing on this website is intended or should be construed as investment advice. It is intended to be used for informational and entertainment purposes only. We reserve the right to make changes, including change in price, content, description, terms, etc. at any time without notice. By using this board you agree that you understand the risks of trading, and are solely responsible for your own investment and trading decisions. Read full legal disclaimer.

Journalists are not permitted to contact iTulip members through this forum's email and personal messaging services without written permission from iTulip, Inc. Requests for permission may be made via Contact Us.

Objectionable posts may be reported to the board administrators via Contact Us.

-->