Comments on: U.S. Falling Behind China in High-Tech Manufacturing

By: US_No_More

US_No_More — Wed, 30 Nov -0001 00:00:00 +0000

US claimed to be the world economic leader for a short period of time, but there was always the guarantee that it would collapse in a very short period of time by the hilarious economic policies.

By: Mr. Economy

Mr. Economy — Wed, 30 Nov -0001 00:00:00 +0000

Well technology that taxpayers paid for was transferred to China so it’s no surprise that China would be active in using it. Who would have thought that technology that took decades to research would be transferred overnight to a country like China just because they create new money out of thin air faster with computer key entries then the US so that based on paper exchange rates foreign labor is cheaper to employ with US technology. Trade today really is just a money printing out of thin air game.

By: BIGuru

BIGuru — Wed, 30 Nov -0001 00:00:00 +0000

If the unemployment rate is an indicator as to how we are doing as a nation, I think we are past the tipping point in 2009. See DC rate and other key states like California and Ohio.

Unemployment data (official) in DC:
http://www.google.com/publicdata?ds=usunemployment&met=unemployment_rate&idim=state%3AST110000&dl=en&hl=en&q=unemployment+in+washington+dc

By: AmyBrown22

AmyBrown22 — Wed, 30 Nov -0001 00:00:00 +0000

I could definitely see how the US is falling behind in output. We are put under so many restrictions by our government. For example, we are no longer allowed to build nuclear power plants. One of my Indianapolis electrician friends told me that he thinks if we don’t build nuclear power plants, our economy will eventually be much smaller in the scheme of the world. We need to have more free enterprise and get the government out of things so the American people can run the economy.

By: grantsaround

grantsaround — Wed, 30 Nov -0001 00:00:00 +0000

Between the article and the comments, there is a lot to discuss. Looking at the declaration that China is the leading producer of wind and solar energy, I wonder if that will prove to be an economically and environmentally sound position. There are people who disagree on the level of efficiency these methods provide in terms of wide scale home energy. Moreover, replacing and implementing infrastructures on a regional, let alone a national scale, costs a lot of money.

Therefore, Chu advocating for the US to invest in the right technologies rings true. There is not a lot of financial room to speculatively invest in industries and technologies that may not pay dividends in the future.

By: xhappyx

xhappyx — Wed, 30 Nov -0001 00:00:00 +0000

So what are the right technologies, and when are we going to see them implemented on a large scale? For me the right technology means affordable home energy solutions and an expanding domestic job market in producing such energy. I do agree on your point regarding infrastructure being tough to overhaul.

With the current economic climate, overnight solutions are not likely. I’m no political expert, but the US and China aren’t carbon copies in how they do business. Thus, just emulating China is not a solution as it may not be a proper fit for the United States.

By: BIGuru

BIGuru — Wed, 30 Nov -0001 00:00:00 +0000

Before we build nuclear power plants (the next generation of course)…we need to produce stuff…

By: Lakersfan

Lakersfan — Wed, 30 Nov -0001 00:00:00 +0000

I believed the high tech trade embargo imposed on China by the US has encouraged the Chinese to be self-dependent and innovative. There were little transfer of high tech to China due to embargo and we underestimated the ability of the Chinese to innovate and invent which history has proved otherwise. Furthermore, the US itself got huge contributions of innovation and invention from the people who migrated to US particular from the Chinese ethnic in universities and research institute. Hence, I believed this huge contributions will be shrinking fast and drastically in the future due to the dwindling economy.

By: matt608

matt608 — Wed, 30 Nov -0001 00:00:00 +0000

The UK is in just as much trouble. The simple step that must be taken first is to get the money out of politics. It may seem irrelevant, but it is actually central. The Iraq war was/is about oil profits which 18 members of the Bush administration (including George) are heavily invested in. The money (not the mention lives) wasted on this illegal war due to political corruption could and should be spent on fixing the economy (part of which is high-tech manufacturing). Politicians should be set to a low wage and a limit on their capital wealth. We need Ghandi's in power, THEN we can think about policies for the economy, the drug war, visa permits and the such like.