
Ludwigs one is nice but expensive.
We used to produce the World's goods here once: ships, textiles, tools, coal, copper, trains etc... But then we had kids as young as eight working in factories, men dying of silicosis down in the pits, women turning green when producing shellswibblywobbly wrote:It often crosses my mind that the entire western economy, probably the global economy, has only avoided monumental inflation and public unrest due to cheap Chinese goods. If they weren't producing goods at the prices they do, and the rest of the world was producing everything themselves, then it would all cost many times more than we are currently paying.
We have now become totally dependent on them. A railroad is being built from China to Europe, purely to allow cheaper transport, which means that all countries have acknowledged the situation. It doesn't matter what local politicians claim about successful handling of national economies, if everyone has access to Chinese goods then everything stays cheap, people don't moan about the buying power of their wages etc. Take away the Chinese prices and the price of everything will triple, wage demands will go up, and the economy would be thrown into chaos.
If you take a look at prices on Alibaba and Ebay for directly imported items, and compare them to what UK retailers sell the same stuff for, you can see the difference. Will it last? That much is anyone's guess. With the top three powers currently sabre rattling, it wouldn't take much to cause a disruption to the status quo.
It's a case of sit back and enjoy the show.