Michael wrote:Because the government has shut down the economy, I think they should give us some Donald Dollars and some Mnuchin Money, but I seriously doubt it will happen, although Wall Street, Boeing, etc., will get handouts, mom & pops will be crushed, and there will be new consolidations and public-private partnerships for the big boys once the virus has cleared away.
From my reading they’re very concerned about the smaller businesses.
Should the companies go out of business , What companies do you expect the workers to work for when.
Translation of Xinhua article wrote:If China retaliates against the United States at this time, in addition to announcing a travel ban on the United States, it will also announce strategic control over medical products and ban exports to the United States. Then the United States will be caught in the ocean of new crown viruses.
According to the US CDC officials, most masks in the United States are made in China and imported from China. If China bans the export of masks to the United States, the United States will fall into the mask shortage, and the most basic measures to prevent the new crown virus are Can’t do it.
Also according to the US CDC officials, most of the drugs in the United States are imported, and some drugs are imported from Europe. However, Europe also places the production base of these drugs in China, so more than 90% of the US imported drugs are Related to China. The implication is that at this time, as long as China announces that its drugs are as domestic as possible and banned exports, the United States will fall into the hell of the new crown pneumonia epidemic.
roger hao wrote:let me fusinish the sentence -
If China retaliates against the US, it'll really be a retaliation against the prez.
he is the one that has been fighting for a trade deal with less dependence on China
manufacturing. Let's give him up and we can return to the status quo of being in
their grips for essential items like surgical masks. They will be compassionate to us.
windwalker wrote:Should the companies go out of business , What companies do you expect the workers to work for when.
the virus situation is over.
Michael wrote:
According to the US CDC officials, most masks in the United States are made in China and imported from China. If China bans the export of masks to the United States, the United States will fall into the mask shortage, and the most basic measures to prevent the new crown virus are Can’t do it.
bailewen wrote:Michael wrote:
According to the US CDC officials, most masks in the United States are made in China and imported from China. If China bans the export of masks to the United States, the United States will fall into the mask shortage, and the most basic measures to prevent the new crown virus are Can’t do it.
If I was king of China in this scenario, I would absolutely take this action.
bailewen wrote:windwalker wrote:Should the companies go out of business , What companies do you expect the workers to work for when.
the virus situation is over.
I expect free market capitalism to resolve this issue. Previously existing monopolies will have been broken up. Existing markets devastated. There will be tremendous demand and entrepreneurs will step in. The traditional free market process of creative destruction will be at play.
meeks wrote:bailewen wrote:windwalker wrote:Should the companies go out of business , What companies do you expect the workers to work for when.
the virus situation is over.
I expect free market capitalism to resolve this issue. Previously existing monopolies will have been broken up. Existing markets devastated. There will be tremendous demand and entrepreneurs will step in. The traditional free market process of creative destruction will be at play.
I see large corporations benefiting from new bills introduced to 'save the economy'. CEOs paying their bonuses with it. Mom n pop stores forced to close and big corps absorbing their businesses.
While the C-suites of America’s top airlines are asking the U.S. government for what could amount to more than $50 billion in financial aid, many CEOs are giving up their salaries in a show of solidarity for the critical times we are all living in.
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