China, China, China – what’s the big deal?
Why is everybody going on and on about China on a regular basis?
Okay, so they own billions (or is that trillions) in American securities, currency, whatever.
And they make lotsa stuff.
Like NFL beach towels and stuff.
Yeah.
Okay.
It’s not like most people want to work on an assembly line in any case, making trinkets and curios for Walmart.
But whatever.
Okay, so it’s not simply NFL beach towels that they make.
It’s that they are also climbing up the food chain, making stuff that’s ever more high-value, such that good-paying jobs may be the next to go.
They’re hardly making textiles any more – notice that most of the clothing nowadays come from even more unique locales – like Indonesia and Sri Lanka?
In fact, to be fair, it isn’t NFL beach towels that anyone’s upset over.
It’s the fear that aircraft manufacturing could be next!
Already the Chinese government is on record as gunning for leadership in green energy products including wind mills and solar panels, and witout a doubt they are well on their way toward dominating those industries.
But does it have to be a zero-sum game?
Does China’s rise equal everyone else’s loss?
Put another way, are they merely gobbling up ever more slices of the pie – or can Chinese ascendancy grow that pie for everyone concerned?
Well, speaking of the NFL, it’s interesting to compare and contrast that sporting league’s business decisions with those of the NBA.
Basketball keeps growing in popularity over there while years ago an organized exhibition game of American football was canceled practically at the last minute.
If this serves as any indication, it may be that being involved surpasses staying on the sidelines!
