Thread 24484603

ok, why is the quantity of literature about the outsourcing of western industry to the third world and its knock-on effects so miniscule?
you'd think that one of the most important events in human history would have more books written about it

it pisses me off that the ftc will do corny stuff like make google sell chrome because they somehow have a "search monopoly" with zero switching costs and no moat, but the ftc says nothing when cartels of venture capitalist fund these companies to operate a lot loss indefinitely. needless to say bootstrapped entrepreneurs can't compete against these guys when they can lose money for a decade.

that said, uber makes money now, until waymo replaces them, but you can replace them on the chart with unity who makes no money.

>>24484624
>but the ftc says nothing when cartels of venture capitalist fund these companies to operate a lot loss indefinitely
those venture capitalists are only able to create companies that never turn a profit because the big banks willingly give them the loans to make it happen
i'm not sure of the specifics on the FTC's jurisdiction but it goes far deeper than a company simply having a monopoly these days, it's almost as if this problem is baked into the system

>>24484631
>big banks willingly give them the loans to make it happen
that's ... not how venture capital works.

>>24484638
for you, maybe, me? i went into a central bank at the ripe age of 18, greeted the teller with a firm handshake and proceeded to take out a loan of 50 million which, of course, i diversified quiet a bit

>>24484647
>as usual leftist has no clue how the economy works

Because westerners don’t know much about the orient

>>24484651
yes that about sums my post up, your quotation makrs work quiet well in that case

>>24484651
>as usual anon is a retard's rube

>>24484638
banks cannot do a single thing if you take out enormous amounts of money and never pay it back

>>24484660
if companies could get debt financing they wouldn't be raising venture capital. bailing on this thread so my mind doesn't get polluted by your low iq takes.

>>24484672
>derails the thread and then leaves
cheers

>>24484653
what does that have to do with greedy oligarchs in the west?

>>24484603 (OP)
Because that would be like if a murderer wrote a book called "I'm the murderer here's how I murdered all those people by me, the murderer"

>>24484603 (OP)
Are they all just paid to produce propaganda?

>>24484705
I think there’s a few of those books

>>24484624
The reason venture capitalists are willing to bankroll startups like that is the underlying assumption that once you killed all your competition you can use the platform effects to rake in the money without competition because the FTC won't bother breaking you up.

>>24484794
yes no shit that was the point of the post. dumping products at a loss is "anti-competitive practice" when a profitable company does it, but when a money losing company (backed by money making vcs) does it, the ftc sleeps.

>>24484805
The point of my post was that if monopolists like Google regularly got broken up (as they should be) all these venture capitalist shenanigans would stop.

>>24484716
That's what OJ did

>OP makes a thread on the literature board about a certain topic but with a picture that is of a different topic
>everybody starts discussing the topic in the picture instead of the topic in the text
board of readers, my ass

>>24484603 (OP)
Because you don't get papers published in academia, or interviews in MSM, or book deals contravening the "wisdom" of neoliberal economics.

At this time, it's painfully obvious that outsourcing our manufacturing sector to a rival nation in the late 70s, and trading over our tech, was a bag fumble of epic proportions.

We're now dependent on China, the workshop of the world, and there's nothing we can do except exploit $USD reserve status and sow chaos in Russia, Iran, Syria, etc.

Once reserve status ends (after the failures in Ukraine, and soon to be Iran), books can be published pointing out the obvious: outsourcing/neoliberalism created a failed society.

China's model will be written about as the superior economic setup: a strong state, a national identity, credit/banking in control of said state, and yes, you have to have a manufacturing sector mixed in with your service sector etc.

It's all really interesting. Michael Hudson writes good stuff on the subject.

>>24484874
it's because neolibs actually believed marx in that if we helped create a class of bourgeois industrialists in china they would overthrow the tyrannical government like a bunch of liberty loving frenchman but they failed to notice that china is not france.

>>24484874
>At this time, it's painfully obvious that outsourcing our manufacturing sector to a rival nation in the late 70s, and trading over our tech, was a bag fumble of epic proportions.
why did this happen in the first place again?

>>24484603 (OP)
Amazon made no money until like 2008

>>24485074
china joined the wto in 2001 dude, in the 80s everyone was scared japan would take over, and in the 90s everyone thought their job would get outsourced to mexico. china didn't become a major factor until this century.

>>24485090
anon... what? i'm asking why politicians and industry leaders thought that outsourcing all industry and therefore economic output to china in the 70s was a smart move

>>24485084
that's because they aggressively reinvested all revenue into r&d and acquisitions. of course their real money comes from aws being the first-to-market cloud provider during the zirp era of saas startups.

>>24485093
mao died in 1976 dude no one was outsourcing to china in the 1970s get a basic grasp of economic history thanks

>>24485093
it's called comparative advantage read an economics textbook. it's almost like all your stupid questions could be answered by getting an education instead of being a deadbeat on 4chan.

>>24484874
Dude what are you talking about. Having an army of slaves from another continent doing all your dirty work for a pittance is bad for us because.... why? Do you not realise that the average American is far richer than the average Chink or Indian? These are slave races that work for us.