My dad grew up in Pittsburg. He remembered how the big the steel industry was during the 60s and even during the 70s. However, he noticed it all go away. When he went on a overseas business trip to Seoul, Korea around 2000, he told me about his great surprise. The industrial sector of Seoul looked exactly like Pittsburg did during the 60s. Massive steel mills went on for miles along the Han River near the highway from the airport to the downtown area. He remarked, "Ahh, this is where they all went."
You forget an important factor : the whole US society was growing decadent and obscurantist and that meant that the quality of the goods produced locally due to both the too greedy companies and too greedy unions was stagnating or even declining to the point it ended being no better than in USSR. The cars produced in Detroit ended up being worse than Soviet Ladas, which at least despite their clumsy building could last 20 years. The quality of the steel produced by US Steel was also cheapening due to bean counters at every stage of the production. Even if China and Japan hadn't been there, the only effect would have been even lower revenues for Americans who wouldn't have been able to buy things in Asian stores and reverted to a lower consumption level like in Eastern Block countries. America would have impoverished like Argentina and grown into a religious state from Reagan onwards.
@@MrMirville oh, yes. Ford. Stands for found on Road dead. Remember that one? It came into use when the Japanese ate our lunch in the 1980s with their better cars. I remember it used to piss off all the World War II vets who fought them.
Germany is still exporting products instead of industries. Small and medium size companies are the salt of the earth. This is where the jobs are, this is where the expertise is.
There's another factor in place here. From my experience talking to Germans in particular but Europeans in general they are much more willing to pay more for locally made consumer goods because they feel the quality is higher and because these countries are smaller in terms of area they are more appreciative of the fact that buying goods from China for example may put their neighbor out on the street. On top of this tax laws in some of these countries encourage companies to upgrade and modernize their facilities. In the US tax laws seemed to penalize re-investment.
@@mpetersen6 Good observations. You briefly touched on the fact that Americans generally don't buy American. I grew up in Detroit, but left at their peek in '66 ( I'm nearly 66 now). I lived in the backwater city of Nashville, TN until recently. There was little to no work at that time, it was nearly a year before my mother found permanent work, and She was a high paid assistant/secretary at an engineering firm. Nashville still isn't much of a manufacturing town, and secretaries are a thing of the past. Anyway, my daughter moved to a small town outside of Ft. Wayne, IN. People bleed GM/Ford/Chrysler, red/white/blue here. The question now is, most Japanese, Korean, and European vehicles are built in the USA. So, what qualifies as "Built in America"? I drive a Honda built in Canada, my wife drives a Ford Ranger.
@@JWHEdwards Germany simply does not have +as+ many products made in China, because we still have a lot manufacturing. Which is why the Chinese are on a buying spree since a few years. But there are many German owners, who dislike the work of their life being cannibalized.
If one takes apart a German auto many of the parts are made in Eastern Europe. Likely all of the parts that aren't friendly to the environment. The frames I'm heard are trained in from somewhere else and assembled in Germany.
@@mightymulatto3000 The no. 1 seller of many many years VW Golf is 50 % made in Germany. Most other parts come from Eastern Europe, many plastic parts usually from within the EU, a few minor items even from China. The chassis parts are made at Skoda in Czechia, afaik, which has to do with the VW Group using the same basis for several models across their brands. They supply these frame parts to Seat in Spain, too. Ford has the lowest Gerrman Parts %, 20 - 30 %, Porsche the highest with typically about 60 %. BTW. I read even Tesla is going to use more than 50 % German parts for the cars build in Germany. They make headlines for the speed in which they build up the factory. Germans are not used to this. If they build a bus stop it needs 5 years.
Yeah, but that's the main point, at the level of the collective, as in the game, certain decisions are logical and correct, but the level of the individual, and that nonsense of the "end of history," and the ultimate victory of capitalism was philosophically about this: the supremacy of what is best for the individual, disregarding the collective.
Hell no The United States is by far the best starting position geographically. Unlike china it can not be attack by land. China has been plundered pillaged and conquered several times. As an empire. The native Americans were tribes. They lacked in technology compared to the invading European nations. Also I'd like to question whether it's better for mankind. In 2018 sure poverty has decreased dramatically. But at the cost of the rise of an oppressing superpower that will flex it's muscle in the foreseeable future. Whether that it has benefitted mankind will be answered hopefully when I am dead and hurried.
Well, It's complicated. A vast amount of American economic power is linked to the finance economy, which I don't think is included in Civ. games. That being said, having a good supply route is a plus, a handicap for the US since we're a bit isolated.
up until the 1980s the US followed policy outlined in Alexander Hamilton's 1791 Report on Manufactures. When the US abandoned these polices de-industralazation followed
I'm extremely anti Bernie Sanders but even he got it right when saying exporting our industry would be disastrous for workers, and when Bernie Sanders has better economic sense than these politicians, it's time to reconsider.
@@MosasaurCatcher Clearly you should do a bit more reading if you're "anti Bernie Sanders" because the mans right on just about everything but Guns. Remember it was the CAPITALISTS who gave our industry to China. It's the Capitalist that hires immigrants for cheap labor over Americans.
I don't know if "gave it all away' is the right way to phrase it. We, as a whole, decided to find a way to provide more, better, goods to more people, for less money, thereby raising the standard of living for even the poorest people in the country dramatically. I don't know for sure, but seems most people would rather have all the shit they can afford today than not. On the side, for what it's worth, when you actually look at the numbers it is absolutely true that the middle class is shrinking... it is shrinking upwards. ex, all the people that are missing from the middle class are now in the upper-middle or rich brackets, while the percentage of population in the poorest 20% of income is the smallest it has ever been.
@@johngaltline9933 How can people who had their jobs shipped overseas get more and better goods? I'm an engineer and even we are not immune. Engineering jobs are sent to Mexico and China constantly. I believe the quality of what you get from those countries is lower, but most companies don''t care. They can just throw bodies at it because they're so cheap.
Why bother? This moron has no idea how the real world works... Jeepers the abject ignorance is appalling. School system is screwed.... Bretton woods/Swift banking system created for the liberal democracies and lowering of tariffs between liberal like minded democracies to fight the cold war. GOOD. Problem: We won in 1990. Now what? Then the greedy power hungry combined with the ignorant Utopians and those in Euphoric high for winning the cold war and opened up the financial no tariff system to the entire world. Essentially this had the effect of legitimizing the scum sucking authoritarian jack ass dictators around the world just so super rich ass hats on wall street and in the banks of London, New York could get filthy rich. The End result? Manufacturing jobs in both the *** USA AND EUROPE *** vanished to Bangladesh, China, Vietnam, Malaysia, Indonesia.
Exactly. Not that I agree with everything that is alternative, but I at least I want to hear other viewpoints to compare. Sometimes orthodoxy works and sometimes not.
here are some economic alt histories I made. ua-cam.com/video/zuB0VYAyyqg/v-deo.html&pp=sAQA for this next one. DO NOT LET THE TITLE FOOL YOU I SWEAR IT ISN'T A TROLL! ua-cam.com/video/1Pt5Xu8Ebbw/v-deo.html If you want ones with better audio and editing check out my more recent vids on my channel but I don't talk much about economics in them
@@aquilatempestate9527 here are some economic alt histories I made that aren't awful. ua-cam.com/video/zuB0VYAyyqg/v-deo.html&pp=sAQA for this next one. DO NOT LET THE TITLE FOOL YOU I SWEAR IT ISN'T A TROLL! ua-cam.com/video/1Pt5Xu8Ebbw/v-deo.html The only bad things about these are that I was on a rlly low budget back then so I had a bad mic n wasn't very experienced in editing. If you want ones with better audio and editing check out my more recent vids on my channel but I don't talk much about economics in them
What if America exported its industry to India so that the second most powerful/ wealthy country was a democracy aligned with the US and not an authoritarian country opposed to it?
India would have become powerful enough to rival the US and they would have started to assert their own geopolitical vision of the world and control Indian ocean trade like the good ole days. Authoritarianism is a scapegoat. Every country that can grasp at power will, and any country that stands to lose out will oppose them.
India would likely not have as rapid growth as China has had now, since at the time their regulatory structures made them less competitive, which is why it didn't grow as fast as China in our timeline. Overall, I suspect that India's economy would not be more than 25% larger than it is today if this strategy was pursued.
@@edata5898 Unfortunately or should I say fortunately that regulatory structure is almost irrelevant when the population is so big that cost are negligible.
It's so crazy to me that a nation with as much talent and expertise as the United States can make the strategic mistake of creating a rival superpower in the space of 20 years.
It’s greed. It was sold to the public as trickle down economics. Where if the rich were allowed to be more gluttonous, more scraps would fall from the table. That idea did not come from a good place and is very cynical. Bad laws are passed because the standard for the presidency is so low. You don’t have to be educated or have integrity, you only have to access to big money, which means the people be damned.
@@frankhaha81 They're NOT! stupid though. The elites are HIGHLY educated whether you like it or not. It is literally selfishness and greed. People with billions or hundreds of millions simply do not care about the country.
This summary leaves out so much. The de-industrialization debate began in the 70s. We knew it was happening as Japan rose. Our export of industry to Taiwan was deliberate: we wanted to shore them up to protect them against invasion from the mainland. In the late 40s into the 50s there was a serious possiblity that Japan would go Communist. We helped there too. Of all far eastern countries, China was the one American Presidents and the foreign policy establishment had most familiarity with: Herbert Hoover spoke Chinese after living there in his years as a mining engineer, entrepreneur. FDR's family fortune was made in the opium trade with China a few generations prior. FDR felt he "knew" China based on his grandfather's reminiscing. G. Bush One was ambassador to China. Many in our diplomatic corps in the state department were children of Protestant missionaries who had founded hospitals and other institutions expecting to make China our own. The US open door policy was advocating a way to end the humiliating British, French, German, and Russian carving out of regional monopoly. In 1899 America thought it could out compete them all and seize the China market. The familiarity led leadership into a narrow set of preconceptions which blinded them. When labor costs in Taiwan in 1980s rose the natural thing was to use mainland China as the low cost workshop. If we hadn't been blind. American autos really were miserably made by the mid-60s. I grew up hearing my parents talking over breakfast (it sermed) every morning negotiating who would take the car in for yet more expensive repairs. When imported cars began their rise, US auto workers held protests where they would sledgehammer a Japanese import. I've worked in the rust belt: PA, WI, MI, MN. The tool and die makers, the guys who did sand casting were bright, but the automotive line workers were some of the most unmotivated people. The rust belt towns had lots of working people with alcohol and drug problems coming to work. Auto repairmen told me they didn't want to learn computerized auto repair and tune up as cars modernized. To be sure the MBA spreadsheet mentality made these big decisions, but the workers were very resistant to change. There's a coat hanger manufacturing plant that the owners sold to the employees in an ESOP and the employee owners themselves decided to offshore to China. AND SHIPPED ALL THE FACTORY EQUIPMENT TO THE FAR EAST. Their own factory. As labor costs in Taiwan rose American companies like Nike suggested that low cost in China should be the next step. If we hadn't been blinded by refusing to own up to our failure in Vietnam, we might have diverted the Taiwanese offshoring to Vietnam rather than mainland China, but it was an easier language fit for Taiwanese to prefer working in China. LBJ knew he had blundered into a mistake with Vietnam, we have the tapes, but here's why he had been so stubborn. He didn't want to be the first to lose a war, and he recalled how viciously Truman was treated by Republicans when China fell to the Communists. American foreign policy establishment viewed China as "ours." Ours to convert, ours to modernize, ours to make a fortune off of. "Who lost China?" Was a witch-hunt LBJ didn't want to relive. I'm working my way through Christopher Hitchens' book on Kissinger's international crimes. It goes at length about the Nixon- Kissinger violations of the Logan act and bad faith bargaining and bombing of North Vietnam, but not what the motivations were, other than anti- Communism. The common theme here is the US refused to be honest with itself. The repair shop guy, the shop floor workers snorting cocaine at the plant, the MBA whiz kid quants like MacNamara oblivious to quality and eager to be lied to, the foreign service workers, Time magazine (Luce), Taft Republicans, LBJ and his Senators, Nixon, and the voting public who believed in a secret plan that really meant more bombing, more poisoning, more Americans dead. American business refused Demming's advice: that's why he brought the quality movement to Japan. This enablement of China is not one generation's mistake by Bush and Clinton. And not solely a Boomer mistake. We don't seem to be interested in facts and reality in our national debate now either. Here in Georgia the Senate runoffs have cost $450M already, and the ads and mailings have not addressed our real issues or even listed them.
We also need to understand that China is a poisoned well, from outside meddling on all sides along with an incompatible culture, and not in our best interest have any further economic relations.
@Pixel Smile Ask the boomers, they’re the ones who wanted cheap Chinese crap that you replace within a year. They’re even the reason why cars are no longer made of metal and all look the same.
if you include other factors, Such unions upkeep government regulation and also primarily it's not the 1950s any more where we can not just stay right here in the United States do business. Now it's the 21 century the economy has been officially been globalised , Now you need to compete against foreign business internationally that what is all about it's only about money it would be the same thing 300 years from now when we start to colonize the solar system companies on earth will go off world for labor that is cheaper or to get high skilled such as for mining asteroids for rare earth minerals they will get payed the highest amount do to the high risk factors vrs a restaurant owner on the moon the owner will get paid less because of the low risk factors.
I studied abroad for one year in Huntingdon PA which is in the centre of the State more or less. I saw for myself exactly what whatifalthist described in the first minute. After that, I always understood why people voted for Trump because these people were screwed by one set of people who should’ve protected them from cheap Chinese imports. They’ll never forgive Bill Clinton or the Democratic Party for this and it’s why you can never write off the President.
Trump brought back no single industrial job. Let that sink in. He just surfed for two years on the economic growth in service economy already baked in by Obama and by lowering the taxes to the rich still further at the expense of national debt, which resulted in many shit jobs but very little else.
NAFTA was originally the brainchild of the Republican party under Bush Sr. Ultimately it became popular enough to pass as a bi-partisan bill. Many forget this.
I live in PA myself, and shit like this is why I feel more loyal to my home state than to the USA, which has really let us down by exporting our industry.
They won't be able to hold it into the 17th century, even if they do, they'll probably lose it in ww1, which will inevitably include Byzantium, and the terms won't be pretty, since they'll probably be fighting against britain. A better scenario would be a new greek dynasty creating it's own empire around the balkans and the red sea, a christian ottoman empire of sorts, with better and less conservative leadership, maybe pro-reformation.
You're basically asking 'what if the Byzantine empire didn't collapse.' The Arabs didn't defeat the Byzantium; Byzantium defeated Byzantium. Byzantium was undefeatable on and off the battlefield. And that was their weakness.
In short if the US never exported it's industry to China everything would be better and we probably would not be dealing with climate change today. Though on automation there actually was much more of it in use in US factories during the 1980s to early 1990s than there generally is used in Chinese factories. They were so cheap at first they put robots out of work.
plus robot producing in factories can be greener the humans producing in factories, especially if people stop being dumb asses and realize nuclear is the best form of power we have at the moment.
the us has emitted the most Co2 of any country over all. If we kept the jobs we would still be emitting the worlds most Co2. Exxon etc. still exists in this timeline
@@Patchuchan I’m not arguing China hasn’t contributed to climate change. Just that the west industrialized sooner and emitted a higher amount overall then China has
@@frankiehompson2746 well yes, but also no, the US would probably still be the top producer of CO2 but it would most likely be less then china today, with automation and 3D printing becoming more and more availible, companies would start to buy one expensive machine every so often to slowly root out their workers. driving both cost and CO2 emissions down. also since power production as far more efficient in the plants then localized generators
I live outside Meadville PA and it used to be the tool and die capital of the WORLD! Here in NW PA everything seems like it's dying. I'm 20 and I don't know if I should stay here or maybe to another state or somewhere else in PA.
@@samuctrebla3221 You are free to go to each nation's listing of import and export tariffs and compile them by year if you wish, or search for a study that already did it. Perhaps not be lazy and one word response to a year old comment on a two year old video.
@@at9871 you made that statement, hence the need of the proof (or link to proof, we're on a comment section after all). I was just curious, really. The fact that you suggest me not being lazy to confirm random unsourced statements without actually having yourself done it in the first place knowing clearly how, is pretty lame. I was really curious about that free trade imbalance, but I guess I cannot squeeze anything more from you.
@@samuctrebla3221 This is a comments section, if I was going to go into that detail I would of made my own video. A few years ago you had the scandal where Canada was importing steel then sending it into the US and paying a 2.5% tariff, at the time Canada had a 20% or higher tariff on US still imports into Canada, it blew up and you had the media complaining Trump was killing free trade when he put a 25% tariff on steel imports from Canada. "Source?" come across as lazy trolling on comments. That steel example is repeated across multiple countries and industries, after WW II.
@@at9871 I remember that episode, in Europe it was not as badly portrayed as you witnessed (assuming you're American), since tariffs raise on steel mainly targeted China. Specifically to this subject, the EU had to implement its own 25% tariff on US steel in response. We're talking a bigger fish than Canada, that looks like an odd example (probably linked to another trade deal, idk). That is why I asked for source. I had counterexamples like this in mind. Do you have more, maybe ? Disclaimer: I'm not an entitled troll.
european companies would move industry to china then, and outcompete american companies with low wages. remember, chinese industry was kickstarted by the thousands of hongkong, or hongkong-british manufacturing firms moving industry there, then carried over by japan and korea and finally being boosted by the west, this timeline wouldnt have changed much for east asia except maybe a slower growth. the main reason the western companies even moved to china to start firms was because those early investors from hongkong, korea and japan were so successful they saw china wasnt as risky as they thought itd be
Its also worth mentioning that it wasn't just labor costs. China has used mercantilist trade policies like currency manipulation, IP theft, one-sided tariffs, massive subsidies, and investment barriers to ensure that they maintain artificial comparative advantages. If not for these things China would have become wealthy consumer economy long ago and other Asian countries would be far more powerful both relative to China and in absolute terms. China would have also been forced to specialize, producing only what it could make for fewer resources and/or lower opportunity cost than other countries. It would have been the leader in several key industries but fallen far short of being the world's factory as it is today.
Arnold Tabor Bit of a broad generalisation. UK and France are massive economies for their scale, and both do design and manufacture a variety of products. Not to the same scale as before, but hardly not at all. Same with America. Lots of people who think their country doesn’t make anything anymore doesn’t actually have any understanding of what their country actually produces.
God this hits so close to home. I am not 67; a zoomer - but my parents are (literal) boomers. And as someone with older parents (and thus grandparents and great-grandparents), I remember very strongly our trip to one of my parent's hometowns in the Rust Belt... I would see, on the way to their house, the factory my great-grandfather used to work at... weeds slowly filling in the cracks of its concrete parking lots and entrance/exits, the large painted-onwall-advertisements wearing away. Symbolically of its neglect, abandonment, and the industries' apathy, it burned down to little outcry in 2011...the same year my great-grandfather died. The decay of our industry is a fractal tale, a rather sad tale branching into many sad tales within families, towns, and our society, and the consequences it has had. How so underrated this loss has been. I would truly give anything for our industry to come back.
Thank you for another entertaining video! Seems like this alternate history would be great for America! It would be bad for Asia. It’s possible that Europe would still export industry and technology to China in this timeline though. China’s rise would be slower but not stopped entirely by a protectionist Uncle Sam.
West Virginia was destroyed by deindustrialization and the exportation of industry overseas and now places like China were buying out or heavily investing in our industry where they would be head over us. Deindustrialization was and is horrific in the US
America would have regressed industrially nevertheless due to the utterly decadent culture of that nation : the industrial supremacy would have been won back by Germany, which would have expanded its industry into Turkey. There are more profound reasons than mere markets for the decline of the USA.
I think if the US industry wants to survive it would need to develop actual quality products,American consumers prefer German and Korean,Japanese cars,electronics,machinery.
ikr. this video is a fantasy in some ways, it assumes american products will always be the top sellers. china doesn't manufacture washing machines, automobiles, or refrigerators. and yet germany japan and korea are the ones who those dominate markets in america.
Sigh... America has products in every industry that are of the top of the line. Since we are talking cars... Internationally you might have bugatti at the higher end... Other high end companies like SSC North America (which you may know for having the fastest production car on the planet within the last decade, but as usual - no record seems to last very long for the last few decades) - in the US. What about another class of cars for discussion? For just innovators - we have Tesla Motors (Elon is awesome btw, but back on topic)... If you are talking about commercial grade common cars, we have a whole slew from Ford to GM and more, from higher tiers to poor class cars. All rather well made. We have tractor companies, and we have things like 4 wheeler companies (Polaris comes to mind). Are you saying none of these American companies make quality products? That isn't what many people would say, an an irrational person might. Want me to go on to electronics as well? We practically created all the gold standards of electronic companies that revolutionized the industries. Take for instance: IBM, pushing out some of those models that really hit the market for cheap computers first. How about the software? Apple AND Microsoft... How about computer chips? Yeah - we have Intel AND Nvidia (the latter is pretty much the gold standard of video processors and graphics cards). You have general electronics companies around the world, from things like Sony, etc - but do any of them have the prestige of what much of what I just listed has brought to the market? No? Machinery? What are you even talking about, what type of machinery? How about I add another? In aviation: From Boeing to Cessna we have quite a lot to offer that much of the world still wants to use even over many other things.
Also, since I re-read the statement, it is even more laughable. AMERICANS* want to buy more non-American products? Hahahaha. Don't make me laugh. That is a minority of the nation at best. @Thelondonbadger You would be right if you removed the all, because some have done that - but by saying ALL of them are built elsewhere, that is lying. And it really defeats the purpose of this. Ok, you want to talk about these other nations like Germany or Japan... Ok - do all of the products get 100% built there? Largely... NO. For similar god damn reasons. It is an unnecessarily stringy attack on it to try and get anything to get the one-up on the argument.
@@tomfoolery8100 He mentions that American products were worse off. That was another big reason why American industry started dying: It's corporations got lazy.
Great video thank you. I’m originally from Pittsburgh and our family, like many, spread out with the closing of the steel mills. Ironically, US auto makers were bailed out by the government despite the fact that they switched to imported steel. There was no such bailout for US Steel. Imagine trying to win world war 2 if we had to buy steel from our enemy to build ships and tanks....or imagine having to buy medical equipment from an enemy during a pandemic..... while I hold all these concepts dear, I was able to learn more from your video. Thanks!
Im personally from a town that suffered when industry left, i remember all the brick buildings some old factories some just from the time. All converted to nom factories or apartments
Here's an idea: What if the CSA industrialized after independence? PODs: 1861 - Davis sells the cotton crop to bring in $150 million, keeping hard cash in the economy. 1863: Stonewall Jackson doesn't die, Albert Sidney Johnston doesn't die; 1864 - Cleburne Memorial adopted and black troops integrated into southern army; JEB Stuart, Cleburne, and others don't die with more troops in their armies; Atlanta defended by Joseph Johnston. UK/FR recognizes the CS; 1865 - CS independent with Virginia, Kentucky, and the 37th parallel border. 1867 - CS purchases Alaska from Russia; negotiates French withdrawal from Mexico for $25 million and some land...they get Rio Grande, Chihuahua, Sonora, Baja, Durango/Sinaloa, Zacatecas/Nayarit/Aguascalientes/Norte, and San Luis Potosi and Veracruz above the 21 N. 1874 - CS gets Hawaii; fights war with Spain and gets Cuba, Puerto Rico, and Mariana Islands; 1880s - Jeff Davis urges companies to engage in profit sharing, preventing communism/socialism from rising. Having used black soldiers in 1864-65, and again in 1874 against Spain, and freed them with compensated emancipation, the CS industrializes early and becomes a rival power to the USA in output by the 1930s. They do have to rebuild after the deliberate targeting of civilians by the Union army, but they wouldn't have a central bank or federal income tax, so a much smaller federal government. The US has a central bank and experiences the depression but jobs and output in the south take over much of that output. In ww2, both the US and CS fight against the Axis and experience a post-war boom, but the CS doesn't get involved in Vietnam or other wars like the US, and doesn't export business to China, leaving it an industrial power to this day.
@@thecanadiankiwibirb4512 globalist heretic, the purpose of a government is to look after its own country, not to help foreigners. Do you see any other countries giving away their economy to support foreigners who had nothing in common with them?
@Pratik Pokharel a quick list from NBC Philadelphia if you're interested in some of the dumb laws. If you were instead more interested in dumb government stuff the state does, just let me know. Some of these laws and regulations just are never enforced although still on the books. You can't discharge a gun, CANNON, revolver or other EXPLOSIVE weapon at a wedding. It is illegal to sleep on top of a refrigerator outside. Any motorist driving along a country road at night must stop every mile and send up a rocket signal, wait ten minutes for the road to be cleared of livestock, and continue. You may not sing in the bathtub. Fireworks stores may not sell fireworks to Pennsylvanian residents. A person is not eligible to become Governor if he/she has participated in a duel. Any motorist who sights a team of horses coming toward him must pull well off the road, cover his car with a blanket or canvas that blends with the countryside, and let the horses pass. Ministers are forbidden from performing marriages when either the bride or groom is drunk. Motorized vehicles are not to be sold on Sundays. You may not catch a fish with your hands. You may not catch a fish by any body part except the mouth. Dynamite is not to be used to catch fish. In Allentown, it is illegal for a man to become aroused in public.
Speaking of China, What would happen if the Xianfeng Emperor had had surviving children older than Zaichun, meaning that Empress Dowager Cixi never rose to power? (The real thing is what happens if Cixi never comes to power, I just provide the most logical path for that to happen without changing too much too far back)
saddest video, my father used to represent factories on the east coast, they all closed due to the outsourcing. i have personal vendetta against the globalists.
Great video. The thing free market advocates simply fail to realize, is that that while yes, the free market is the best driver of wealth creation, it only works if both parties play fair. If one party cheats, and their opponent is dumb enough to not to do anything about it, then cheating will generate more wealth for the cheater compared to playing fair, at the other party’s expense. The US played fair against a cheater for thirty years and obviously the US lost. China subsidized their industries, taxed American products, undercut their labor costs, and manipulated their currency. When Chinese manufacturing, subsidized, protected and backed by the Chinese government, competed against American manufacturing, backed by nobody, American manufacturing lost. In this rigged environment, the only possible way to even compete against Chinese companies was to lower your labor costs and move your factory there. China benefited enormously, while in turn America deindustrialized. From a humanitarian prospective this was great, but as an American knowing that our politicians willingly let this happen is infuriating. It, in a very real sense, destroyed our country. Our national debt soared, our assets decreased (Which in turned raised the costs of things like housing prices), wages stagnated, student debt soared, workforce participation plummeted, and political polarization skyrocketed. A drive through middle America is a drive through decrepit towns with slowly shrinking tax bases, towns getting worse year by year. Ronald Reagan, Bill Clinton, George Bush, Barrack Obama, they all encouraged this “Free market capitalism” with China, and deserve nothing but contempt. They may not have planned to do what they did to our country, but they all did their part to destroy it. Reagan deserves the most contempt in my mind, since he began the process. May posterity forever forget that these men once called themselves our countrymen. Morons one and all.
Social Pariah I know a lot of people think it was a conspiracy, but I don’t. There doesn’t need to be one. Politicians and economists were/are just retards. Free trade only works under certain perimeters, and if those parameters don’t exist, Free trade doesn’t work. Scientists understand this, and that’s why they know Newtonian physics doesn’t work at the Quantum level, because the parameters are different. Economists, however, are, like I said, retarded. They continue to apply a theory outside its parameters, and despite it obviously, so hilarious obviously not working, they refuse to admit they’re morons. Even though I don’t think it was planned, I still wouldn’t raise a finger if they were arrested as traitors to America. A negligent murder is still a murder, no matter your high minded aspirations.
BIRD MUST FEED And it still worked in the sense that it ended up reducing poverty and increasing overall prosperity (including the US to an extent, despite job losses in Industry-retooling tends to be a difficult process). The economic theories still held up. The problem is that cities and states, like in the initial wave of inner-city deindustrialization in the 60s and 70s, could not adapt. The most obvious early example of this is the fate of Detroit. Michigan as a whole did well while Detroit was unable to retool and collapsed. Not to mention those industries and businesses who benefited from free trade now have to deal with the consequences of its demise: shareblue.com/beer-industry-40000-jobs-trade-war/ The USA does subsidies its own industries and print enormous sums of money for various reasons. It can’t depreciate much due to its reserve currency status (along with the Euro). Complaining that this is unfair is kind of hypocritical- not to mention they increase government spending and reduce wages. Debt increased mostly out of tax cuts and spending (like the Bush tax cuts and 2008 stimulus package). The bubble economy is much more a cause of economic malaise in the USA, as debt and malinvestment wiped out people’s wealth.
Yep it was great economically, but unaccounted for socially and geopolitically. Open trade is great for enlarging the pie - but you need to make some effective redistribution, and make sure your partner choice account for geopolitics. "They shouldn't have done it" is the easy and wrong choice. They should have done it *better*.
I feel like people are exaggerating the strategic blunder that deindustrialising itself is. America importantly retains its military industry and prefers to trade in extremely lucrative intellectual properties rather than tangibles anyways. The actual strategic blunder was kickstarting China's modernisation (though I agree with the video where it hints that Chinas resurgence is inevitable). Whereas the Japan and the Tiger economies were still politically and economically controllable by the Us respectively (I don't think its coincidence the Japanese bubble burst at the peak of their trade dominance over America) since all these nations practice liberalised capitalism. China as a state capitalist, nuclear armed power, cannot be beaten down into submission as easily via military or economic means by the Us. Western hubris has simply utterly underestimated the 'sick man of east asia'. But strategic blunder or not, the real tragedy is the utter social decay, death of the middle class and the insane wealth inequalities that deindustrialisation has brought upon the common masses. Unfettered economic growth primarily for the benefit of the wealthiest shareholders is disgusting and it is these kinds of people who are responsible for the downfall of various civilisations throughout history.
When i was born in the 90s most things were labeled made in Germany or Taiwan. It doesn't take as long everyone thinks to move centres of industrial production to new, overseas locales
That juggling act of sending industry over to cheaper and cheaper countries after they then develop economically, can't keep going on forever, and I honestly wonder if we'll eventually hit serious trouble once basically every country in the world is economically developed and you literally can't send industry anywhere cheaper. Maybe it would lead to some sort of global economic collapse or recession or maybe I just don't know enough and this really won't be a problem at all. Maybe once every country is economically developed it won't matter if goods are then made more expensive as people could afford them anyway.
@@timothycook2917 Like what if the Germanic faith organized the way Christianity did, a written text(Bible), organized military(Templars), a leader of the faith(pope), and set up missionaries to convert other kingdoms
@@elijahbuffa802 Germanic faiths would never do missionary culture because they were essentially polytheist. For its culture to spread it needed to conquer. The best modern example is Hinduism. A religion with similar origin but since they had organised with a theology the only way they spread was through conquest and trade. But once Buddhism came we got the first missionary religion that got spread as far as Mongolia. My point is the German paganism will need atleast a thousand year headstart to even come close the christianity be ause christianity has always been state sponsored unlike European polytheism..
Thank God enough time has past they’re going into mass retirement and in 10 years the millennials will take over (Gen X will have its decade in between)
Watching this video in 2021 means a couple of other dangers from exporting industry were revealed. First, coronavirus disrupted international trade. The more local manufacturing you have, the easier it would be to retool to meet the demands of an unusual crisis situation. Second, the historic rains China received in 2020 meant that people were concerned about the Three Gorges Dam failing. If that happened, you can be assured China's manufacturing would be focused on its own needs first.
The technological gap between the West + Japan vs the rest of the world would be immense. Since labor prices would be higher more investment in automation would occur while the rest of the world would just be either farming or mining
It is a strange video, very American naval gazing kind of thinking! I am Canadian. USA, you have done many amazing things and the world holds you in very very high regard even though many of us resent that we do while we do. You live large and bold lives and your country is so very prosperous! Other people in the world are going to take up where you left off now. It is ok. You will need to do something else now. Do not panic! This happens constantly! Britain went through it, France too, Germany, Denmark, Italy, Spain, Egypt, China, Japan, Russia, Babylon, etc. There have been many powerful places at different times in history. USA did not exist for most of that time. You have had your go of it and now it is time to let others take the reigns. You can do that peacefully! You really can! Adjust, learn, grow, move if you want to, get skilled in some way that makes sense and that the world will appreciate. You will be compensated somehow. You don't need so much shit. Pare down. Its ok! Go to the moon again, Mars. Be inspiring if you want. You do you. If you want to manufacture stuff, learn Mandarin or do what you are passionate about and the rest will follow. You can do it. I believe in you! Not just you, but yes you too!
EVERYTHING (bad) is connected to this single moment in history. 1. Exploiting cheap Asian workforce contributed to the massive income inequality in America. 2. It greatly reduced the working class and made it far more radical than it ever was. (both left and right wing radicalism- previously absent from the American mainstream) 3. The inflation of college diplomas made middle class/white collar jobs less valuable, which led to wage stagnation and the overall decline of the standard of living. 4. The artificial maintenance of the classic American lifestyle (house, 2 cars) by accumulateing debt led to the financial and housing crisis of 2008. 5. The 2008 depression made the US society more introvert and anxious, this led to the rise of Social Media. These new tech companies offered "free service" in exchange for personal information. 6. The housing crisis (ninja loans!) affected black american households much worse, thus stirring up racial tensions. This eventually led to the forming of BLM. 7. The outsourcing of high-tech production led to the theft of modern technology by communist China, advancing China's overall development by at least 20 years. 8. The overall decline of the United States made millennials question the entire foundation of the country (the infamous 1619 project). This generation blames capitalism and "white people" for the decline and gradually becomes more socialist or even communist. They demand 'social justice' and view society through an ethnic lense, completely ignoring basic facts. (Like the existence of poor white people.) 9. The boomer and X generation can't cope with the rapid change and is slowly succumbing to depression which is the main cause of the opioid crisis. 10. The rise of China made certain parts of the 'elites', especially Hollywood disenfranchised with it's own population ("racist/sexist/homophobic Americans"). The pandering to China, AKA the pandering to money, power and evil is evident. 11. The nation is on the brink of a civil/race war. Existing citizens are being slowly replaced by new, cheaper and less educated people while the 'natives' fight it out (on the streets as well as in comment sections). The official number of migrants (11 million) is a joke, the true number is closer to 40 million.
So unions killed the middle class and caused the current income inequality. Makes sense since all I see unions do is go on strike for more money for same or less work. I would move my company too.
I spent my teens and 20's convinced I'd never need any other language than English. In my 30's I spent a lot of energy learning Spanish, then very little energy in my 40's forgetting most of it. Now I'm close to starting my 50's, and I expect I'll spend that hoping I don't have to learn Chinese in my 60's.
And that's why you English speaking peoples are foreseen as arrogant and uncultured when visiting other countries, even the Romans at the top of their power didn't speak only Latin but also learned ancient Greek. That's a form of respect non inferiority ,something you anglos seem not to understand.
@Thelondonbadger English approximately takes 1200 hours to learn and with that knowledge you can be fluent on an average life but you cant be able to get deep in specific things such as science and philosophy. And chinese take about 2000 hours but you can be able to talk about anything so you dont have to pour your life on to chinese. Not to mention it would be easier for an asian person to learn chinese while an european can learn english easier.And both studies i find were run in Europe so yeah. No language really have that much different if you want to learn an easy dialect i would suggest spanish which takes about 600 hour and it is the 3th most talked language. For the greek thing.They learned Greek so they could work on ancient literarute and culture and if you look at the medieval europe you can see they learnt latin to learn culture again so you need to know more than one language
I can get behind more econ alt histories. What if the Great Depression never happened? What if Manifest Destiny never occurred? What if the Knights Templar never fell?
With the most stable and better off middle class, the lack of higher end consumer goods might not be the case due to the better income levels the middle class would then have had. Also, modest tariffs would still enable for some imported tech/consumer goods, but likely that heavy industry (the main aspect of the bottom falling out was this) would still be stable in the US.
A pair of wrenches wouldn't break the third time I use them. And my brand-new cast iron frying pan wouldn't weigh eight pounds heavier than my grandmother's pans.
@@Spoon80085 As a kid in the early 1960s my mom took me shopping in the outlet stores of these mills for fabrics. Dingy shops, dull colors. Massachusetts industry on its last legs. Like Necco wafers. Just why?
The unfortunate long term effect of all of this is written throughout history, war. As other countries economies become more powerful, some, especially those that were formerly weak and that thought of themselves as bullied by other countries will move to expand their influence or territory. It's always happened this way, it doesn't sound fair, but having one undisputed power makes the world safer, because no one steps out of line. But multiple powerful groups each wanting more power or control will always end badly.
My dad grew up in Pittsburg. He remembered how the big the steel industry was during the 60s and even during the 70s. However, he noticed it all go away. When he went on a overseas business trip to Seoul, Korea around 2000, he told me about his great surprise. The industrial sector of Seoul looked exactly like Pittsburg did during the 60s. Massive steel mills went on for miles along the Han River near the highway from the airport to the downtown area. He remarked, "Ahh, this is where they all went."
You forget an important factor : the whole US society was growing decadent and obscurantist and that meant that the quality of the goods produced locally due to both the too greedy companies and too greedy unions was stagnating or even declining to the point it ended being no better than in USSR. The cars produced in Detroit ended up being worse than Soviet Ladas, which at least despite their clumsy building could last 20 years. The quality of the steel produced by US Steel was also cheapening due to bean counters at every stage of the production. Even if China and Japan hadn't been there, the only effect would have been even lower revenues for Americans who wouldn't have been able to buy things in Asian stores and reverted to a lower consumption level like in Eastern Block countries. America would have impoverished like Argentina and grown into a religious state from Reagan onwards.
Did he notice a bit of a decline during the 1970s, or was it the 80s when it started?
@@peterpeterpeterpeterpeterp1431 He said he only began noticing it during the 80s, however, statistics show that the decline started in the 70s.
@@MrMirville oh, yes. Ford. Stands for found on Road dead. Remember that one? It came into use when the Japanese ate our lunch in the 1980s with their better cars. I remember it used to piss off all the World War II vets who fought them.
@@Hun_Uinaq Hahhaha pretty funny.
The steel mill at the end of the second Terminator movie, was moved to China right after the film was made in the early 1990's.
Germany is still exporting products instead of industries.
Small and medium size companies are the salt of the earth. This is where the jobs are, this is where the expertise is.
There's another factor in place here. From my experience talking to Germans in particular but Europeans in general they are much more willing to pay more for locally made consumer goods because they feel the quality is higher and because these countries are smaller in terms of area they are more appreciative of the fact that buying goods from China for example may put their neighbor out on the street.
On top of this tax laws in some of these countries encourage companies to upgrade and modernize their facilities. In the US tax laws seemed to penalize re-investment.
@@mpetersen6
Good observations.
You briefly touched on the fact that Americans generally don't buy American. I grew up in Detroit, but left at their peek in '66 ( I'm nearly 66 now). I lived in the backwater city of Nashville, TN until recently. There was little to no work at that time, it was nearly a year before my mother found permanent work, and She was a high paid assistant/secretary at an engineering firm. Nashville still isn't much of a manufacturing town, and secretaries are a thing of the past. Anyway, my daughter moved to a small town outside of Ft. Wayne, IN. People bleed GM/Ford/Chrysler, red/white/blue here. The question now is, most Japanese, Korean, and European vehicles are built in the USA. So, what qualifies as "Built in America"?
I drive a Honda built in Canada, my wife drives a Ford Ranger.
@@JWHEdwards Germany simply does not have +as+ many products made in China, because we still have a lot manufacturing.
Which is why the Chinese are on a buying spree since a few years. But there are many German owners, who dislike the work of their life being cannibalized.
If one takes apart a German auto many of the parts are made in Eastern Europe. Likely all of the parts that aren't friendly to the environment.
The frames I'm heard are trained in from somewhere else and assembled in Germany.
@@mightymulatto3000 The no. 1 seller of many many years VW Golf is 50 % made in Germany. Most other parts come from Eastern Europe, many plastic parts usually from within the EU, a few minor items even from China.
The chassis parts are made at Skoda in Czechia, afaik, which has to do with the VW Group using the same basis for several models across their brands. They supply these frame parts to Seat in Spain, too.
Ford has the lowest Gerrman Parts %, 20 - 30 %, Porsche the highest with typically about 60 %.
BTW. I read even Tesla is going to use more than 50 % German parts for the cars build in Germany. They make headlines for the speed in which they build up the factory. Germans are not used to this. If they build a bus stop it needs 5 years.
if civilization games taught me anything, the one with the best production will ALWAYS win in the end
Yeah, but that's the main point, at the level of the collective, as in the game, certain decisions are logical and correct, but the level of the individual, and that nonsense of the "end of history," and the ultimate victory of capitalism was philosophically about this: the supremacy of what is best for the individual, disregarding the collective.
@gendalfff Just like in civ, its all about starting location.
Hell no The United States is by far the best starting position geographically.
Unlike china it can not be attack by land. China has been plundered pillaged and conquered several times. As an empire.
The native Americans were tribes. They lacked in technology compared to the invading European nations.
Also I'd like to question whether it's better for mankind. In 2018 sure poverty has decreased dramatically.
But at the cost of the rise of an oppressing superpower that will flex it's muscle in the foreseeable future.
Whether that it has benefitted mankind will be answered hopefully when I am dead and hurried.
@@1barnet1 I never said which country had a good start?
Well, It's complicated. A vast amount of American economic power is linked to the finance economy, which I don't think is included in Civ. games. That being said, having a good supply route is a plus, a handicap for the US since we're a bit isolated.
up until the 1980s the US followed policy outlined in Alexander Hamilton's 1791 Report on Manufactures. When the US abandoned these polices de-industralazation followed
Nixon Should be blamed a lot more because he was the one who thought it would be a good idea to have more free trade with China.
SCREW NIXON
@@hudsondunn8385 Probably helped pave the way to legitimizing the CCP and betraying Taiwan as a US ally.
@@hudsondunn8385
Actually we should be blaming Truman. He’s the one who fired MacArthur after after suggesting we nuke China during the Korean War.
"de-industrialization"
US wins cold war and de-industrializes the former USSR, US: "bwahaha"
few years later: US de-industrializes itself... US: ...
America's short-sightedness is downright treasonous. We literally gave it away.
Ross Perot, Pat Buchanan, and a few others warned us, and were roundly scorned for it.
I'm extremely anti Bernie Sanders but even he got it right when saying exporting our industry would be disastrous for workers, and when Bernie Sanders has better economic sense than these politicians, it's time to reconsider.
@@MosasaurCatcher Clearly you should do a bit more reading if you're "anti Bernie Sanders" because the mans right on just about everything but Guns. Remember it was the CAPITALISTS who gave our industry to China. It's the Capitalist that hires immigrants for cheap labor over Americans.
I don't know if "gave it all away' is the right way to phrase it. We, as a whole, decided to find a way to provide more, better, goods to more people, for less money, thereby raising the standard of living for even the poorest people in the country dramatically. I don't know for sure, but seems most people would rather have all the shit they can afford today than not.
On the side, for what it's worth, when you actually look at the numbers it is absolutely true that the middle class is shrinking... it is shrinking upwards. ex, all the people that are missing from the middle class are now in the upper-middle or rich brackets, while the percentage of population in the poorest 20% of income is the smallest it has ever been.
@@johngaltline9933 How can people who had their jobs shipped overseas get more and better goods?
I'm an engineer and even we are not immune. Engineering jobs are sent to Mexico and China constantly. I believe the quality of what you get from those countries is lower, but most companies don''t care. They can just throw bodies at it because they're so cheap.
I would like some more economic alt histories.
Maybe from a guy that actually understands economics this time. Sorry to be so upfront but this was awful.
Why bother? This moron has no idea how the real world works... Jeepers the abject ignorance is appalling. School system is screwed.... Bretton woods/Swift banking system created for the liberal democracies and lowering of tariffs between liberal like minded democracies to fight the cold war. GOOD. Problem: We won in 1990. Now what? Then the greedy power hungry combined with the ignorant Utopians and those in Euphoric high for winning the cold war and opened up the financial no tariff system to the entire world. Essentially this had the effect of legitimizing the scum sucking authoritarian jack ass dictators around the world just so super rich ass hats on wall street and in the banks of London, New York could get filthy rich. The End result? Manufacturing jobs in both the *** USA AND EUROPE *** vanished to Bangladesh, China, Vietnam, Malaysia, Indonesia.
Exactly. Not that I agree with everything that is alternative, but I at least I want to hear other viewpoints to compare. Sometimes orthodoxy works and sometimes not.
here are some economic alt histories I made. ua-cam.com/video/zuB0VYAyyqg/v-deo.html&pp=sAQA
for this next one. DO NOT LET THE TITLE FOOL YOU I SWEAR IT ISN'T A TROLL!
ua-cam.com/video/1Pt5Xu8Ebbw/v-deo.html
If you want ones with better audio and editing check out my more recent vids on my channel but I don't talk much about economics in them
@@aquilatempestate9527 here are some economic alt histories I made that aren't awful. ua-cam.com/video/zuB0VYAyyqg/v-deo.html&pp=sAQA
for this next one. DO NOT LET THE TITLE FOOL YOU I SWEAR IT ISN'T A TROLL!
ua-cam.com/video/1Pt5Xu8Ebbw/v-deo.html
The only bad things about these are that I was on a rlly low budget back then so I had a bad mic n wasn't very experienced in editing. If you want ones with better audio and editing check out my more recent vids on my channel but I don't talk much about economics in them
What if America exported its industry to India so that the second most powerful/ wealthy country was a democracy aligned with the US and not an authoritarian country opposed to it?
We should have done that
India would have become powerful enough to rival the US and they would have started to assert their own geopolitical vision of the world and control Indian ocean trade like the good ole days.
Authoritarianism is a scapegoat. Every country that can grasp at power will, and any country that stands to lose out will oppose them.
@@appa609 How is having second democratic superpower a problem?
India would likely not have as rapid growth as China has had now, since at the time their regulatory structures made them less competitive, which is why it didn't grow as fast as China in our timeline. Overall, I suspect that India's economy would not be more than 25% larger than it is today if this strategy was pursued.
@@edata5898 Unfortunately or should I say fortunately that regulatory structure is almost irrelevant when the population is so big that cost are negligible.
It's so crazy to me that a nation with as much talent and expertise as the United States can make the strategic mistake of creating a rival superpower in the space of 20 years.
it wasn't a mistake, it was planned by a certain powerful elite whose main aim is to rule the whole world
It’s greed. It was sold to the public as trickle down economics. Where if the rich were allowed to be more gluttonous, more scraps would fall from the table. That idea did not come from a good place and is very cynical. Bad laws are passed because the standard for the presidency is so low. You don’t have to be educated or have integrity, you only have to access to big money, which means the people be damned.
Never attribute to malice that which is adequately explained by stupidity.
@@frankhaha81 They're NOT! stupid though. The elites are HIGHLY educated whether you like it or not.
It is literally selfishness and greed. People with billions or hundreds of millions simply do not care about the country.
@Deez Knuts Capitalism working as intended.
The US would have jobs, income, and our taxes would have paid for quality infrastructure. It's all tied together.
Instead we have useless cheap electronics that spy on us like Alexas.
@@matthew8153 And a democracy that grows weaker by the day.
This summary leaves out so much. The de-industrialization debate began in the 70s. We knew it was happening as Japan rose. Our export of industry to Taiwan was deliberate: we wanted to shore them up to protect them against invasion from the mainland.
In the late 40s into the 50s there was a serious possiblity that Japan would go Communist. We helped there too.
Of all far eastern countries, China was the one American Presidents and the foreign policy establishment had most familiarity with: Herbert Hoover spoke Chinese after living there in his years as a mining engineer, entrepreneur. FDR's family fortune was made in the opium trade with China a few generations prior. FDR felt he "knew" China based on his grandfather's reminiscing. G. Bush One was ambassador to China.
Many in our diplomatic corps in the state department were children of Protestant missionaries who had founded hospitals and other institutions expecting to make China our own.
The US open door policy was advocating a way to end the humiliating British, French, German, and Russian carving out of regional monopoly. In 1899 America thought it could out compete them all and seize the China market.
The familiarity led leadership into a narrow set of preconceptions which blinded them.
When labor costs in Taiwan in 1980s rose the natural thing was to use mainland China as the low cost workshop. If we hadn't been blind.
American autos really were miserably made by the mid-60s. I grew up hearing my parents talking over breakfast (it sermed) every morning negotiating who would take the car in for yet more expensive repairs.
When imported cars began their rise, US auto workers held protests where they would sledgehammer a Japanese import.
I've worked in the rust belt: PA, WI, MI, MN. The tool and die makers, the guys who did sand casting were bright, but the automotive line workers were some of the most unmotivated people.
The rust belt towns had lots of working people with alcohol and drug problems coming to work.
Auto repairmen told me they didn't want to learn computerized auto repair and tune up as cars modernized.
To be sure the MBA spreadsheet mentality made these big decisions, but the workers were very resistant to change. There's a coat hanger manufacturing plant that the owners sold to the employees in an ESOP and the employee owners themselves decided to offshore to China. AND SHIPPED ALL THE FACTORY EQUIPMENT TO THE FAR EAST. Their own factory.
As labor costs in Taiwan rose American companies like Nike suggested that low cost in China should be the next step.
If we hadn't been blinded by refusing to own up to our failure in Vietnam, we might have diverted the Taiwanese offshoring to Vietnam rather than mainland China, but it was an easier language fit for Taiwanese to prefer working in China.
LBJ knew he had blundered into a mistake with Vietnam, we have the tapes, but here's why he had been so stubborn. He didn't want to be the first to lose a war, and he recalled how viciously Truman was treated by Republicans when China fell to the Communists. American foreign policy establishment viewed China as "ours." Ours to convert, ours to modernize, ours to make a fortune off of. "Who lost China?" Was a witch-hunt LBJ didn't want to relive.
I'm working my way through Christopher Hitchens' book on Kissinger's international crimes. It goes at length about the Nixon- Kissinger violations of the Logan act and bad faith bargaining and bombing of North Vietnam, but not what the motivations were, other than anti- Communism.
The common theme here is the US refused to be honest with itself. The repair shop guy, the shop floor workers snorting cocaine at the plant, the MBA whiz kid quants like MacNamara oblivious to quality and eager to be lied to, the foreign service workers, Time magazine (Luce), Taft Republicans, LBJ and his Senators, Nixon, and the voting public who believed in a secret plan that really meant more bombing, more poisoning, more Americans dead. American business refused Demming's advice: that's why he brought the quality movement to Japan.
This enablement of China is not one generation's mistake by Bush and Clinton. And not solely a Boomer mistake.
We don't seem to be interested in facts and reality in our national debate now either. Here in Georgia the Senate runoffs have cost $450M already, and the ads and mailings have not addressed our real issues or even listed them.
Do you have a discord account? I would love to talk to you
We also need to understand that China is a poisoned well, from outside meddling on all sides along with an incompatible culture, and not in our best interest have any further economic relations.
What if the Droids haven't atacked the Wookies?
@@mse5842 You sir, are one magnificent bastard and I salute you. Never change!
we need this
What if Anakin haven't fall to the Low Ground?
What if Anakin just learned about force heal before order 66 shenanigans?
what if han didnt shoot first?
The real reason for this scenario happening would be Ross Perot beating Clinton and Bush Sr.
As much as I hate to quote Adele, here it goes:
“We could have had it all”
@@daddy_1453
You like getting plastic crap from China and stagnate wages?
Ah yes free tradetrards. The kind of people that would sell off their countrymen for a cheaper flatscreen TV.
The 86% of Americans that didn't work in industry in 1997 are just as American as the 14% that did. And they deserve just as much consideration.
It's not even free trade, with China blocking US products and being free of standards imposed upon US manufacturers.
@Pixel Smile
Ask the boomers, they’re the ones who wanted cheap Chinese crap that you replace within a year. They’re even the reason why cars are no longer made of metal and all look the same.
Sarcasm: you do not get it - it's free market
if you include other factors, Such unions upkeep government regulation and also primarily it's not the 1950s any more where we can not just stay right here in the United States do business. Now it's the 21 century the economy has been officially been globalised , Now you need to compete against foreign business internationally that what is all about it's only about money it would be the same thing 300 years from now when we start to colonize the solar system companies on earth will go off world for labor that is cheaper or to get high skilled such as for mining asteroids for rare earth minerals they will get payed the highest amount do to the high risk factors vrs a restaurant owner on the moon the owner will get paid less because of the low risk factors.
2:29 "The best argument against Democracy is a 5 minute conversation with the average voter" - Winston Churchill.
OH YEAH YEAH.
CORRECT
@You're fake and gay Which is a form of democracy
@Yieri A person is smart. _People_ are dumb.
@@arthurgrenaderov4476 Since when was monotheism a political ideology?
@@crimson6663 always, tho he probably meant theocracy...
I studied abroad for one year in Huntingdon PA which is in the centre of the State more or less. I saw for myself exactly what whatifalthist described in the first minute. After that, I always understood why people voted for Trump because these people were screwed by one set of people who should’ve protected them from cheap Chinese imports. They’ll never forgive Bill Clinton or the Democratic Party for this and it’s why you can never write off the President.
Trump brought back no single industrial job. Let that sink in. He just surfed for two years on the economic growth in service economy already baked in by Obama and by lowering the taxes to the rich still further at the expense of national debt, which resulted in many shit jobs but very little else.
@@MrMirville shit jobs like what? Serious question.
NAFTA was originally the brainchild of the Republican party under Bush Sr. Ultimately it became popular enough to pass as a bi-partisan bill. Many forget this.
And then trump fucked then over .
I live in PA myself, and shit like this is why I feel more loyal to my home state than to the USA, which has really let us down by exporting our industry.
What if Byzantine Empire defeated arabs and kept Levant and North Africa?
It would link to another interesting scenario (What if the Visigoths defeated the Arabs and the Berbers?).
They won't be able to hold it into the 17th century, even if they do, they'll probably lose it in ww1, which will inevitably include Byzantium, and the terms won't be pretty, since they'll probably be fighting against britain.
A better scenario would be a new greek dynasty creating it's own empire around the balkans and the red sea, a christian ottoman empire of sorts, with better and less conservative leadership, maybe pro-reformation.
Levant and North Western Africa would've been western not sure if Egypt is joining or not
You're basically asking 'what if the Byzantine empire didn't collapse.' The Arabs didn't defeat the Byzantium; Byzantium defeated Byzantium.
Byzantium was undefeatable on and off the battlefield. And that was their weakness.
Also the Ottomans are Turks, not Arabs. That's like saying 'what if Britain defeated Germany in the hundred years war.'
In short if the US never exported it's industry to China everything would be better and we probably would not be dealing with climate change today.
Though on automation there actually was much more of it in use in US factories during the 1980s to early 1990s than there generally is used in Chinese factories.
They were so cheap at first they put robots out of work.
plus robot producing in factories can be greener the humans producing in factories, especially if people stop being dumb asses and realize nuclear is the best form of power we have at the moment.
the us has emitted the most Co2 of any country over all. If we kept the jobs we would still be emitting the worlds most Co2. Exxon etc. still exists in this timeline
@@frankiehompson2746 Well having a cross ocean transit and sometimes two or three times can add significantly to the emissions.
@@Patchuchan I’m not arguing China hasn’t contributed to climate change. Just that the west industrialized sooner and emitted a higher amount overall then China has
@@frankiehompson2746 well yes, but also no, the US would probably still be the top producer of CO2 but it would most likely be less then china today, with automation and 3D printing becoming more and more availible, companies would start to buy one expensive machine every so often to slowly root out their workers. driving both cost and CO2 emissions down. also since power production as far more efficient in the plants then localized generators
I live outside Meadville PA and it used to be the tool and die capital of the WORLD! Here in NW PA everything seems like it's dying. I'm 20 and I don't know if I should stay here or maybe to another state or somewhere else in PA.
@PATRIOT Hahahaha let me guess you watch Alex Jones?
@PATRIOT I pray to god that there is
Anywhere else
@PATRIOT no, there won't
Learn Mandarin and go from there!
import/export!
As one Pennsylvanian to another, too true... too true.
Depressing topic
Yes, but hey we live in the good timeline
@@Azknowledgethirsty that's a selfish thing to say
@@kylephilipe8347 Why?
@@Azknowledgethirsty we live in the bad timeline
@@tfw2997 why??
I love econ history and i think you should keep doing this! More people need to appreciate history that's other than war.
Great video man I like when you deal with modern topics
You missed the fact that every other nation kept tariffs on US goods, but the US slashed tariffs, supposedly "Free Trade".
Source?
@@samuctrebla3221 You are free to go to each nation's listing of import and export tariffs and compile them by year if you wish, or search for a study that already did it. Perhaps not be lazy and one word response to a year old comment on a two year old video.
@@at9871 you made that statement, hence the need of the proof (or link to proof, we're on a comment section after all). I was just curious, really. The fact that you suggest me not being lazy to confirm random unsourced statements without actually having yourself done it in the first place knowing clearly how, is pretty lame. I was really curious about that free trade imbalance, but I guess I cannot squeeze anything more from you.
@@samuctrebla3221 This is a comments section, if I was going to go into that detail I would of made my own video. A few years ago you had the scandal where Canada was importing steel then sending it into the US and paying a 2.5% tariff, at the time Canada had a 20% or higher tariff on US still imports into Canada, it blew up and you had the media complaining Trump was killing free trade when he put a 25% tariff on steel imports from Canada. "Source?" come across as lazy trolling on comments. That steel example is repeated across multiple countries and industries, after WW II.
@@at9871 I remember that episode, in Europe it was not as badly portrayed as you witnessed (assuming you're American), since tariffs raise on steel mainly targeted China. Specifically to this subject, the EU had to implement its own 25% tariff on US steel in response. We're talking a bigger fish than Canada, that looks like an odd example (probably linked to another trade deal, idk). That is why I asked for source. I had counterexamples like this in mind. Do you have more, maybe ?
Disclaimer: I'm not an entitled troll.
This an absolutely interesting video! Good job man
The title should be "What if the corporations didn't own the politicians and sell out the American worker"
Union membership maybe would have still fallen due to neoliberalism, just not due to outsourcing.
Unions sold out as well fuck them both
BASED American syndication?
Yep,
What if Sigismund III was able to keep control of Sweden and later form the Polish-Lithuanian-Swedish-Commonwealth?
NEW WORLD SUPERPOWER
Good ol' Sigi
european companies would move industry to china then, and outcompete american companies with low wages.
remember, chinese industry was kickstarted by the thousands of hongkong, or hongkong-british manufacturing firms moving industry there, then carried over by japan and korea and finally being boosted by the west, this timeline wouldnt have changed much for east asia except maybe a slower growth.
the main reason the western companies even moved to china to start firms was because those early investors from hongkong, korea and japan were so successful they saw china wasnt as risky as they thought itd be
“You people are the best argument against world peace” is the nicest compliment I have ever received
Its also worth mentioning that it wasn't just labor costs. China has used mercantilist trade policies like currency manipulation, IP theft, one-sided tariffs, massive subsidies, and investment barriers to ensure that they maintain artificial comparative advantages. If not for these things China would have become wealthy consumer economy long ago and other Asian countries would be far more powerful both relative to China and in absolute terms. China would have also been forced to specialize, producing only what it could make for fewer resources and/or lower opportunity cost than other countries. It would have been the leader in several key industries but fallen far short of being the world's factory as it is today.
Could you do something similar but for the UK ,it's kinda sad that the rust belt is like France and the UK
Especially in the Midlands ,North and Wales but not the South of England
Arnold Tabor Bit of a broad generalisation. UK and France are massive economies for their scale, and both do design and manufacture a variety of products. Not to the same scale as before, but hardly not at all. Same with America. Lots of people who think their country doesn’t make anything anymore doesn’t actually have any understanding of what their country actually produces.
God this hits so close to home.
I am not 67; a zoomer - but my parents are (literal) boomers. And as someone with older parents (and thus grandparents and great-grandparents), I remember very strongly our trip to one of my parent's hometowns in the Rust Belt... I would see, on the way to their house, the factory my great-grandfather used to work at... weeds slowly filling in the cracks of its concrete parking lots and entrance/exits, the large painted-onwall-advertisements wearing away.
Symbolically of its neglect, abandonment, and the industries' apathy, it burned down to little outcry in 2011...the same year my great-grandfather died.
The decay of our industry is a fractal tale, a rather sad tale branching into many sad tales within families, towns, and our society, and the consequences it has had. How so underrated this loss has been. I would truly give anything for our industry to come back.
Thank you for another entertaining video!
Seems like this alternate history would be great for America!
It would be bad for Asia.
It’s possible that Europe would still export industry and technology to China in this timeline though. China’s rise would be slower but not stopped entirely by a protectionist Uncle Sam.
West Virginia was destroyed by deindustrialization and the exportation of industry overseas and now places like China were buying out or heavily investing in our industry where they would be head over us. Deindustrialization was and is horrific in the US
What if Europe Never Exported its Industry?
I think it's kind of impossible, since Europe needed resources, that's why they shared Africa
Europe didn't export its industries nearly as much as the US.
@@protymax585 "shared". You mean loot right? France has a lot of gold, most of which they stole from Mali.
@@bobmarley4272 no?
How to take a billion people out of poverty?
Lower the required income to be poor!
My grandfather was the CFO and vice chairman of Bethlehem Steel so I know a bit about the steel industry collapse.
What if Spain conquered England
"Chip-chip Cheerio pendejo"
@@BoqPrecision what if they kept the Netherlands, Italy and Portugal
@@Mike01029 FIFA G.O.A.T. team...and league.
@@BoqPrecision you sir, have earned my like
what if the spanish armada succeeded?
Pennsylvania stronk....or was.
America would have regressed industrially nevertheless due to the utterly decadent culture of that nation : the industrial supremacy would have been won back by Germany, which would have expanded its industry into Turkey. There are more profound reasons than mere markets for the decline of the USA.
I think if the US industry wants to survive it would need to develop actual quality products,American consumers prefer German and Korean,Japanese cars,electronics,machinery.
ikr. this video is a fantasy in some ways, it assumes american products will always be the top sellers.
china doesn't manufacture washing machines, automobiles, or refrigerators. and yet germany japan and korea are the ones who those dominate markets in america.
German cars do not dominate in the U.S lol.
Sigh...
America has products in every industry that are of the top of the line. Since we are talking cars...
Internationally you might have bugatti at the higher end... Other high end companies like SSC North America (which you may know for having the fastest production car on the planet within the last decade, but as usual - no record seems to last very long for the last few decades) - in the US.
What about another class of cars for discussion? For just innovators - we have Tesla Motors (Elon is awesome btw, but back on topic)...
If you are talking about commercial grade common cars, we have a whole slew from Ford to GM and more, from higher tiers to poor class cars. All rather well made.
We have tractor companies, and we have things like 4 wheeler companies (Polaris comes to mind).
Are you saying none of these American companies make quality products? That isn't what many people would say, an an irrational person might.
Want me to go on to electronics as well? We practically created all the gold standards of electronic companies that revolutionized the industries. Take for instance: IBM, pushing out some of those models that really hit the market for cheap computers first. How about the software? Apple AND Microsoft...
How about computer chips? Yeah - we have Intel AND Nvidia (the latter is pretty much the gold standard of video processors and graphics cards).
You have general electronics companies around the world, from things like Sony, etc - but do any of them have the prestige of what much of what I just listed has brought to the market? No?
Machinery?
What are you even talking about, what type of machinery?
How about I add another?
In aviation: From Boeing to Cessna we have quite a lot to offer that much of the world still wants to use even over many other things.
Also, since I re-read the statement, it is even more laughable. AMERICANS* want to buy more non-American products? Hahahaha.
Don't make me laugh. That is a minority of the nation at best.
@Thelondonbadger
You would be right if you removed the all, because some have done that - but by saying ALL of them are built elsewhere, that is lying. And it really defeats the purpose of this. Ok, you want to talk about these other nations like Germany or Japan... Ok - do all of the products get 100% built there? Largely... NO.
For similar god damn reasons. It is an unnecessarily stringy attack on it to try and get anything to get the one-up on the argument.
@@tomfoolery8100 He mentions that American products were worse off. That was another big reason why American industry started dying: It's corporations got lazy.
Niall Ferguson would be proud; “ask ‘what-if’ questions” he famously pronounces, and you do just that! Well done sir.
When u live in michigan
Great video thank you. I’m originally from Pittsburgh and our family, like many, spread out with the closing of the steel mills. Ironically, US auto makers were bailed out by the government despite the fact that they switched to imported steel. There was no such bailout for US Steel. Imagine trying to win world war 2 if we had to buy steel from our enemy to build ships and tanks....or imagine having to buy medical equipment from an enemy during a pandemic..... while I hold all these concepts dear, I was able to learn more from your video. Thanks!
Im personally from a town that suffered when industry left, i remember all the brick buildings some old factories some just from the time. All converted to nom factories or apartments
appreciate your reporting of the fact that Taiwan IS infact a separate nation from China. Many still deny this.
Here's an idea: What if the CSA industrialized after independence?
PODs: 1861 - Davis sells the cotton crop to bring in $150 million, keeping hard cash in the economy. 1863: Stonewall Jackson doesn't die, Albert Sidney Johnston doesn't die; 1864 - Cleburne Memorial adopted and black troops integrated into southern army; JEB Stuart, Cleburne, and others don't die with more troops in their armies; Atlanta defended by Joseph Johnston. UK/FR recognizes the CS; 1865 - CS independent with Virginia, Kentucky, and the 37th parallel border. 1867 - CS purchases Alaska from Russia; negotiates French withdrawal from Mexico for $25 million and some land...they get Rio Grande, Chihuahua, Sonora, Baja, Durango/Sinaloa, Zacatecas/Nayarit/Aguascalientes/Norte, and San Luis Potosi and Veracruz above the 21 N. 1874 - CS gets Hawaii; fights war with Spain and gets Cuba, Puerto Rico, and Mariana Islands; 1880s - Jeff Davis urges companies to engage in profit sharing, preventing communism/socialism from rising. Having used black soldiers in 1864-65, and again in 1874 against Spain, and freed them with compensated emancipation, the CS industrializes early and becomes a rival power to the USA in output by the 1930s. They do have to rebuild after the deliberate targeting of civilians by the Union army, but they wouldn't have a central bank or federal income tax, so a much smaller federal government. The US has a central bank and experiences the depression but jobs and output in the south take over much of that output. In ww2, both the US and CS fight against the Axis and experience a post-war boom, but the CS doesn't get involved in Vietnam or other wars like the US, and doesn't export business to China, leaving it an industrial power to this day.
Well, this gives me something else to change once time travel becomes available
Not to mention making sure Killary gets jail time for tampering with evidence during the Nixon investigation.
That is incredibly selfish. Like the world is so much better in totality from America exporting its industry
@@thecanadiankiwibirb4512 globalist heretic, the purpose of a government is to look after its own country, not to help foreigners. Do you see any other countries giving away their economy to support foreigners who had nothing in common with them?
@@thecanadiankiwibirb4512 Better?
Do you want Poverty or do you want to be invaded by a Nearby Global Power ?
“Oh shit, I need air conditioning line” is a much better name for the Mason-Dixon line.
Do a top 10 underused moments in history for alt hist
And I thought I was the only in Pennsylvania with internet access
PA is pretty cool once you get past all the negatives. Frankly I could fill 10 pages with dumb shit our state does.
@Pratik Pokharel a quick list from NBC Philadelphia if you're interested in some of the dumb laws. If you were instead more interested in dumb government stuff the state does, just let me know. Some of these laws and regulations just are never enforced although still on the books.
You can't discharge a gun, CANNON, revolver or other EXPLOSIVE weapon at a wedding.
It is illegal to sleep on top of a refrigerator outside.
Any motorist driving along a country road at night must stop every mile and send up a rocket signal, wait ten minutes for the road to be cleared of livestock, and continue.
You may not sing in the bathtub.
Fireworks stores may not sell fireworks to Pennsylvanian residents.
A person is not eligible to become Governor if he/she has participated in a duel.
Any motorist who sights a team of horses coming toward him must pull well off the road, cover his car with a blanket or canvas that blends with the countryside, and let the horses pass.
Ministers are forbidden from performing marriages when either the bride or groom is drunk.
Motorized vehicles are not to be sold on Sundays.
You may not catch a fish with your hands.
You may not catch a fish by any body part except the mouth.
Dynamite is not to be used to catch fish.
In Allentown, it is illegal for a man to become aroused in public.
Speaking of China, What would happen if the Xianfeng Emperor had had surviving children older than Zaichun, meaning that Empress Dowager Cixi never rose to power? (The real thing is what happens if Cixi never comes to power, I just provide the most logical path for that to happen without changing too much too far back)
Please make this
saddest video, my father used to represent factories on the east coast, they all closed due to the outsourcing. i have personal vendetta against the globalists.
Camden, New Jersey->ship_building (it’s a port or near a river that connects to the OCEAN).
Those rust belt cities are scary.
as always, fantastic and truly interesting video
Great video. The thing free market advocates simply fail to realize, is that that while yes, the free market is the best driver of wealth creation, it only works if both parties play fair. If one party cheats, and their opponent is dumb enough to not to do anything about it, then cheating will generate more wealth for the cheater compared to playing fair, at the other party’s expense. The US played fair against a cheater for thirty years and obviously the US lost.
China subsidized their industries, taxed American products, undercut their labor costs, and manipulated their currency. When Chinese manufacturing, subsidized, protected and backed by the Chinese government, competed against American manufacturing, backed by nobody, American manufacturing lost. In this rigged environment, the only possible way to even compete against Chinese companies was to lower your labor costs and move your factory there. China benefited enormously, while in turn America deindustrialized. From a humanitarian prospective this was great, but as an American knowing that our politicians willingly let this happen is infuriating. It, in a very real sense, destroyed our country.
Our national debt soared, our assets decreased (Which in turned raised the costs of things like housing prices), wages stagnated, student debt soared, workforce participation plummeted, and political polarization skyrocketed. A drive through middle America is a drive through decrepit towns with slowly shrinking tax bases, towns getting worse year by year.
Ronald Reagan, Bill Clinton, George Bush, Barrack Obama, they all encouraged this “Free market capitalism” with China, and deserve nothing but contempt. They may not have planned to do what they did to our country, but they all did their part to destroy it. Reagan deserves the most contempt in my mind, since he began the process.
May posterity forever forget that these men once called themselves our countrymen. Morons one and all.
Social Pariah I know a lot of people think it was a conspiracy, but I don’t. There doesn’t need to be one. Politicians and economists were/are just retards.
Free trade only works under certain perimeters, and if those parameters don’t exist, Free trade doesn’t work. Scientists understand this, and that’s why they know Newtonian physics doesn’t work at the Quantum level, because the parameters are different. Economists, however, are, like I said, retarded. They continue to apply a theory outside its parameters, and despite it obviously, so hilarious obviously not working, they refuse to admit they’re morons.
Even though I don’t think it was planned, I still wouldn’t raise a finger if they were arrested as traitors to America. A negligent murder is still a murder, no matter your high minded aspirations.
BIRD MUST FEED And it still worked in the sense that it ended up reducing poverty and increasing overall prosperity (including the US to an extent, despite job losses in Industry-retooling tends to be a difficult process). The economic theories still held up. The problem is that cities and states, like in the initial wave of inner-city deindustrialization in the 60s and 70s, could not adapt. The most obvious early example of this is the fate of Detroit. Michigan as a whole did well while Detroit was unable to retool and collapsed.
Not to mention those industries and businesses who benefited from free trade now have to deal with the consequences of its demise: shareblue.com/beer-industry-40000-jobs-trade-war/
The USA does subsidies its own industries and print enormous sums of money for various reasons. It can’t depreciate much due to its reserve currency status (along with the Euro). Complaining that this is unfair is kind of hypocritical- not to mention they increase government spending and reduce wages. Debt increased mostly out of tax cuts and spending (like the Bush tax cuts and 2008 stimulus package).
The bubble economy is much more a cause of economic malaise in the USA, as debt and malinvestment wiped out people’s wealth.
God i love your videos, easily one of the best alt. UA-cam historians.👍
How does he know so much? Love this channel
Good video. Maybe you can follow up on it, and do a "What if Modern Day China conquers the Pacific?"
Yep it was great economically, but unaccounted for socially and geopolitically.
Open trade is great for enlarging the pie -
but you need to make some effective redistribution,
and make sure your partner choice account for geopolitics.
"They shouldn't have done it" is the easy and wrong choice.
They should have done it *better*.
Awesome video , thank you for doing this .
2:40 super burn
I feel like people are exaggerating the strategic blunder that deindustrialising itself is. America importantly retains its military industry and prefers to trade in extremely lucrative intellectual properties rather than tangibles anyways. The actual strategic blunder was kickstarting China's modernisation (though I agree with the video where it hints that Chinas resurgence is inevitable).
Whereas the Japan and the Tiger economies were still politically and economically controllable by the Us respectively (I don't think its coincidence the Japanese bubble burst at the peak of their trade dominance over America) since all these nations practice liberalised capitalism. China as a state capitalist, nuclear armed power, cannot be beaten down into submission as easily via military or economic means by the Us. Western hubris has simply utterly underestimated the 'sick man of east asia'.
But strategic blunder or not, the real tragedy is the utter social decay, death of the middle class and the insane wealth inequalities that deindustrialisation has brought upon the common masses. Unfettered economic growth primarily for the benefit of the wealthiest shareholders is disgusting and it is these kinds of people who are responsible for the downfall of various civilisations throughout history.
Meh biased anti USA hate from a loser like u, nothing special
Like is say all the time , if it's made in China should stay in China . SKK .
Video idea: what if England uprooted it’s entire population and moved to North America in the 1500s.
Hey Whatifalthist, can you please make a video on what if the Taiping Heavenly Rebellion succeeded?
Like so he can see? ;)
Because American workers had the audacity to demand a decent standard of living, that is why industry left. How dare they?
No, industry left because China bribed politicians. Look no further than Joe Biden for Chinese collusion.
@@matthew8153 that would explain why Obama and Biden voted to export more jobs to China
Standards of living are declining because of that those demands. The irony.
@@matthew8153 bribed how? with their bowl of rice?
lmao it was because of those demands that they became poorer lmao
4:40 ah yes my favorite country, the islands
When i was born in the 90s most things were labeled made in Germany or Taiwan. It doesn't take as long everyone thinks to move centres of industrial production to new, overseas locales
That juggling act of sending industry over to cheaper and cheaper countries after they then develop economically, can't keep going on forever, and I honestly wonder if we'll eventually hit serious trouble once basically every country in the world is economically developed and you literally can't send industry anywhere cheaper. Maybe it would lead to some sort of global economic collapse or recession or maybe I just don't know enough and this really won't be a problem at all. Maybe once every country is economically developed it won't matter if goods are then made more expensive as people could afford them anyway.
Freak80MC Perhaps. More likely though that there will be more progress by that point and then idk, manufacturing nations on the moon or something.
What if Germanic paganism reformed before Christianity took hold on Europe
what's that supposed to mean?
@@timothycook2917 Like what if the Germanic faith organized the way Christianity did, a written text(Bible), organized military(Templars), a leader of the faith(pope), and set up missionaries to convert other kingdoms
Someone’s been playing ck2
@@liamhall9053 you caught me
@@elijahbuffa802 Germanic faiths would never do missionary culture because they were essentially polytheist. For its culture to spread it needed to conquer. The best modern example is Hinduism. A religion with similar origin but since they had organised with a theology the only way they spread was through conquest and trade. But once Buddhism came we got the first missionary religion that got spread as far as Mongolia. My point is the German paganism will need atleast a thousand year headstart to even come close the christianity be ause christianity has always been state sponsored unlike European polytheism..
Thank you boomers. Another excellent move!
Thank God enough time has past they’re going into mass retirement and in 10 years the millennials will take over (Gen X will have its decade in between)
Silent generation?
As a NE PA guy by birth now living in NC, this hits home.
Fixed Title "Why did Capitalists export it's industry from the rust belt."
Trust me no American workers would deliberately do this.
Yeah, this is what happens when the government taxes and regulates both big and small businesses.
The is why we need NAZBOL.
yeah, it's cheaper because there aren't nearly as many taxes, labor unions, minimum wages, or regulations.
true enough, but they are only able to exploit that because there's a corrupt government in place.
@@hatefulgaming1800 GANGGANG
Yeah it's so strange that workers' real wages haven't increased since the USA got rid of the gold standard. So strange.
Watching this video in 2021 means a couple of other dangers from exporting industry were revealed.
First, coronavirus disrupted international trade. The more local manufacturing you have, the easier it would be to retool to meet the demands of an unusual crisis situation.
Second, the historic rains China received in 2020 meant that people were concerned about the Three Gorges Dam failing. If that happened, you can be assured China's manufacturing would be focused on its own needs first.
"violently pro Business"
California: *insert socialist tendencies* "How about no."
The technological gap between the West + Japan vs the rest of the world would be immense. Since labor prices would be higher more investment in automation would occur while the rest of the world would just be either farming or mining
It is a strange video, very American naval gazing kind of thinking!
I am Canadian. USA, you have done many amazing things and the world holds you in very very high regard even though many of us resent that we do while we do. You live large and bold lives and your country is so very prosperous!
Other people in the world are going to take up where you left off now. It is ok. You will need to do something else now. Do not panic! This happens constantly! Britain went through it, France too, Germany, Denmark, Italy, Spain, Egypt, China, Japan, Russia, Babylon, etc. There have been many powerful places at different times in history. USA did not exist for most of that time. You have had your go of it and now it is time to let others take the reigns. You can do that peacefully! You really can!
Adjust, learn, grow, move if you want to, get skilled in some way that makes sense and that the world will appreciate. You will be compensated somehow. You don't need so much shit. Pare down. Its ok!
Go to the moon again, Mars. Be inspiring if you want. You do you. If you want to manufacture stuff, learn Mandarin or do what you are passionate about and the rest will follow. You can do it. I believe in you! Not just you, but yes you too!
7:28 The thing that I'm kind of shocked by is how Canada and Brazil are not that far behind the UK or France...
EVERYTHING (bad) is connected to this single moment in history.
1. Exploiting cheap Asian workforce contributed to the massive income inequality in America.
2. It greatly reduced the working class and made it far more radical than it ever was. (both left and right wing radicalism- previously absent from the American mainstream)
3. The inflation of college diplomas made middle class/white collar jobs less valuable, which led to wage stagnation and the overall decline of the standard of living.
4. The artificial maintenance of the classic American lifestyle (house, 2 cars) by accumulateing debt led to the financial and housing crisis of 2008.
5. The 2008 depression made the US society more introvert and anxious, this led to the rise of Social Media. These new tech companies offered "free service" in exchange for personal information.
6. The housing crisis (ninja loans!) affected black american households much worse, thus stirring up racial tensions. This eventually led to the forming of BLM.
7. The outsourcing of high-tech production led to the theft of modern technology by communist China, advancing China's overall development by at least 20 years.
8. The overall decline of the United States made millennials question the entire foundation of the country (the infamous 1619 project). This generation blames capitalism and "white people" for the decline and gradually becomes more socialist or even communist. They demand 'social justice' and view society through an ethnic lense, completely ignoring basic facts. (Like the existence of poor white people.)
9. The boomer and X generation can't cope with the rapid change and is slowly succumbing to depression which is the main cause of the opioid crisis.
10. The rise of China made certain parts of the 'elites', especially Hollywood disenfranchised with it's own population ("racist/sexist/homophobic Americans"). The pandering to China, AKA the pandering to money, power and evil is evident.
11. The nation is on the brink of a civil/race war. Existing citizens are being slowly replaced by new, cheaper and less educated people while the 'natives' fight it out (on the streets as well as in comment sections). The official number of migrants (11 million) is a joke, the true number is closer to 40 million.
So unions killed the middle class and caused the current income inequality. Makes sense since all I see unions do is go on strike for more money for same or less work. I would move my company too.
0:32 if u look closely, u can see Indonesia was there being the only unnoticed country. Just chilling
China wouldn’t be as arrogant as it is today
That title still belongs to America don’t worry lol
6:49 "My grandson will probably have a lot to say here."
His grandson: "What if the aliens never attacked?"
I spent my teens and 20's convinced I'd never need any other language than English. In my 30's I spent a lot of energy learning Spanish, then very little energy in my 40's forgetting most of it. Now I'm close to starting my 50's, and I expect I'll spend that hoping I don't have to learn Chinese in my 60's.
And that's why you English speaking peoples are foreseen as arrogant and uncultured when visiting other countries, even the Romans at the top of their power didn't speak only Latin but also learned ancient Greek.
That's a form of respect non inferiority ,something you anglos seem not to understand.
@ThelondonbadgerI cant explain the levels of ignorance and stupidity you have
@Thelondonbadger English approximately takes 1200 hours to learn and with that knowledge you can be fluent on an average life but you cant be able to get deep in specific things such as science and philosophy.
And chinese take about 2000 hours but you can be able to talk about anything so you dont have to pour your life on to chinese.
Not to mention it would be easier for an asian person to learn chinese while an european can learn english easier.And both studies i find were run in Europe so yeah.
No language really have that much different if you want to learn an easy dialect i would suggest spanish which takes about 600 hour and it is the 3th most talked language.
For the greek thing.They learned Greek so they could work on ancient literarute and culture and if you look at the medieval europe you can see they learnt latin to learn culture again so you need to know more than one language
@Thelondonbadger Also anglo means tribal english it is not a pronoun
Very very interesting analysis
2:43 Iran was one of the top 10 biggest Economies in the world in the 70s!
I can get behind more econ alt histories. What if the Great Depression never happened?
What if Manifest Destiny never occurred?
What if the Knights Templar never fell?
What if the Us and South Africa kept segregation?
Slavery would have died anyway! Machines are cheaper
richardscathouse This is segregation, not slavery
Usecriticalthinking
You're an idiot.
Usecriticalthinking ? I’m sure the economy was improved by not allowing people of your own nation to trade and connect with each other...
@idon'tevenknowanymore relatively yes, but it’s complicated.
With the most stable and better off middle class, the lack of higher end consumer goods might not be the case due to the better income levels the middle class would then have had. Also, modest tariffs would still enable for some imported tech/consumer goods, but likely that heavy industry (the main aspect of the bottom falling out was this) would still be stable in the US.
A pair of wrenches wouldn't break the third time I use them. And my brand-new cast iron frying pan wouldn't weigh eight pounds heavier than my grandmother's pans.
Holy shit why is Massachusetts so industrialized in 1933? The cape looks like a tumor
@@talmoskowitz5221 Yeah appearently me from 8 months ago was an idiot
@@Spoon80085 As a kid in the early 1960s my mom took me shopping in the outlet stores of these mills for fabrics. Dingy shops, dull colors. Massachusetts industry on its last legs. Like Necco wafers. Just why?
The unfortunate long term effect of all of this is written throughout history, war. As other countries economies become more powerful, some, especially those that were formerly weak and that thought of themselves as bullied by other countries will move to expand their influence or territory. It's always happened this way, it doesn't sound fair, but having one undisputed power makes the world safer, because no one steps out of line. But multiple powerful groups each wanting more power or control will always end badly.
Very nicely done, happy new year
I really like finding out youtubers i watch are from my state.
hey fellow pa person here! love your videos!