Using maximum pressure to achieve its goals is a trick frequently used by some in the United States for international negotiations cal
上海千花网led “the art of trading”. Its main feature is using the means of multifaceted attacks and unlimited requirements while at the same time gaming against its opponent in m
ultiple issues that cross different fields, and then resorting to selected compromising moves to achieve the goals of core interests, to maintain hegemony through power, and to defeat the opponent t上海千花网
hrough bullying and deception. Some people in the US think that “maximum pressure” is extremely powerful, and decidedly useful when dealing with China.上海千花网
Is the “maximum pressure” measure really effective? In dealing with some small and weak countries, the US government has arbitrarily waved the big stick of sanctions and relied on its power and maximum pressure to impose its own interests. Some countries, shadowed by the powerful economic and political pressur上海千花网
e from the US, either because of a lack of overall strength or because of long-term dependence on the US, have been forced by the US to make compromises in accordance with the require
上海千花网ments of the US in negotiations, and they have to quiet down and let the US get what it wants. This is a situation that happens often and inevitably leads some people in the US to form the opi
nion that all countries, including China, will be afraid of the maximum pressure strategy and will certainly yield and surrender under their powerful pressure.
• Can trade protection make the “return of the manufacturing industry” to the US possible?
上海千花网女神会所Since the Trump administration came to power, it has put forward the proposal of “buying US goods and hiring US workers”, emphasizing the “return of the manufacturing industry”. Some people in the US
offered preferential policies to enterprises that came back to the US to set up factories. For those enterprises that moved their factories abroad, they were threatened with tariffs, forcing ente
rprises to return to the US for production. Can these trade protectionist practices really enable the US to achieve a return of the manufacturing industry?上海千花网女神会所
Whether the return of the manufacturing industry can be achieved depends first on the reasons behind the outflow of manufacturing from the US.
From the perspective of the US domestic economy, its manufacturing outflow is determined by how the local economy works.上海千花网女神会所
In the process of economic globalization, US multinational companies have transferred more and more industries to developing countries to a
chieve maximum profitability. Through industrial transfer, they reduce costs, expand markets, divert pollution, and i
ncrease the profitability of capital. At the same time, more and more capital has left the real economic sector with lo
wer profit margins, and turned to the financial sector to engage in financial speculation, leading to the hollowing out and virtualization of the US economy.
• Can economic and trade friction promote US economic prosperity?
Since 2019, the employment rate and the market value of the US stock market have remained high. In the first quarter, the actual GDP annualized quarter-on-quarter
preliminary value was 3.2 percent. Since the introduction of economic and trade friction by the US against China, the US economy seems to be
doing well. This has made some people in the US confident about constantly escalating trade friction with China. But to o
bjectively evaluate the so-called prosperity of the US economy requires a comprehensive and rational analysis.
Based on some indicators, the US economy is prospering. However, whether it will continue to prosper depends on the
state of capital accumulation. In the first quarter of 2019, the seasonally adjusted fixed-capita
l investment growth rate of the US private sector was only 1 percent, significantly lower than growth rates in 20
17 and 2018. According to US official data, US durable goods orders fell 2.1 percent from the previous month in April 2019, surp
assing the expected 2 percent decline. Shipments of core capital goods – a leading indicator of economic expansion – fell by 0.9 percent in April. Fr
om the perspective of development trends, economists are unsure about the prospects of the US economy. According to a recent survey released by the Na
tional Association for Business Economics, many economists predicted that the possibility of a recession in the US ec
onomy by the end of 2020 will almost double, mainly due to the US government’s trade protectionist policies.
e prototype of how business should be run. Car company executives were seen as the most capable manage
上海千花网品茶微信rs. In 1953, president Eisenhower chose Charles Wilson, known as “engine Charlie,” to be his Secretary of Defense.
Then, in 1961, president Kennedy chose Ford president Robert McNamara for the same position. (Of course, McNamara’s incredible mismanagement of the war in Vietnam reduced any confidence that car company executives were especially competent.)
By the late 1960s, the “big three “car companies in the US – General Motors, Ford, and Chrysler – formed a virtual oligopoly and turned lazy. 上海千花网
I remember American cars my father bought in these years often overheating and breaking down by the side of the road. Dad would have to stay by the car with my m
other and sisters while I walked a long way to find a service station and arrange a tow. (This was long before mobile phones.) 上海千花网品茶微信
So, American consumers were ready for more competitive Japanese-made cars, which had consistently high
er quality, to enter the market. My father switched to Japanese cars in the 1970s, and never bought another American-made car. 上海千花网
American car companies saw their profits fall and were not able to pay their workers t
he very high wages made possible by a closed, non-competitive market. The US government responded by
上海千花网品茶微信imposing quotas on the import of Japanese cars and by pushing Japan to rapidly raise the value of the yen.
Obviously, there was a conflict. American consumers benefitted from the cheaper, better cars while workers at the big three saw their jobs become less secure and the
ir wages fall. Fortunately, the protection was only partial and temporary, so the competition eventually forced US carmakers to improve.
Competition is at the heart of the current disputes over globalization and technology. On net, the spread of econo 上海千花网品茶微信
mic opportunities around the world has been a great boon. Many products are more widely and cheaply available than ever before.
Many countries, including China and India, have greatly reduced poverty and given opportunities to their people that would have been undreamed of by earlier ge 上海千花网
nerations. American and Western European companies and consumers have greatly benefitted.
But nobody really likes competition against themselves. Most people like some degree of stability and protection. A worker w
ho has put in 20 or 30 years in an industry will definitely feel that it is unfair to have to move to a much lower-pa
ying service job. A company facing new competitors will try to convince its home government to stop the competition.
Americans saw many benefits from the second globalization period. As Japanese and, later Chinese, manufacturers began to export t
o the US, many consumer goods became a lot cheaper in US stores. Many American companies made good profits by exporting t
o the newly open markets or by outsourcing manufacturing to cheaper and/or better factories outside the US.