The US no longer has a shipbuilding industry. But now there is big money in attacking China's.
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- čas přidán 7. 09. 2024
- The United States lost its entire shipbuilding industry to Japan and Korea decades ago. But now that China has taken the biggest markets from the Japanese and the Koreans, our NGO's and think-tanks are framing the loss of American shipbuilding as a national security issue.
How our NGO's are funded and by whom, along with the activities of our major labor unions and key Washington officials, are a well-organized and -coordinated system to use "national security" as a vehicle to bring tens of billions of dollars to our own defense contractors and to multibillion-dollar companies in other countries. This formula is being applied here, in the case of civilian shipbuilding, for the benefit of industrial giants from Japan and Korea, along with rent-seeking US labor unions for a domestic industry that doesn't exist.
Resources and links:
China's New Shipbuilding Orders Jump 44% in First Half
www.yicaigloba...
China's Shipbuilding Sector Took Up Over Half of Global Total in Three Key Gauges Last Year
www.yicaigloba...
Nikkei Asia, U.S. takes aim at China shipbuilding, an industry it lost decades ago
asia.nikkei.co...
Center for Strategic and International Studies
www.csis.org/a...
Corporate donors page
www.csis.org/a...
US and allied government donors
www.csis.org/a...
Wikipedia info and donors
en.wikipedia.o...
CSIS, The Threat of China’s Shipbuilding Empire
www.csis.org/a...
Inside China Business, Chinese Navy can build ships 200 faster than the US can
• China's Navy can build...
Closing scene, West Lake, Hangzhou, Zhejiang
Such hypocrites, when Tesla was able to export all over the world with USA subsidies, that was ok
also took Chinese subsidies & China just okay’d Tesla to use driverless data in their country
Who’s hypocrites? isn’t China? stealing all world job leaving most people around the world unemployed! what exactly the goal of China? to dominate the world and soon own it.
Wrong. Zero subsidies for exports. No tax code for export.
I worked at the ship yards in the 80s they are never coming back,
The white people is too expensive to do this low level shipyard jobs, ain’t they?
The US is getting more and more pathetically despicable by the day.
US acting very much like a weakening empire. China is a civilization. (To paraphrase Dr. Einar Tangen.)
Jai Hind. The Trumpeter National Security team are a bit faster learner than the Biden's team. All the reshoring and sanction talks are now too little and too late. Trumpeter had said that he now wants Chinese autos like BYD to build their EV in the US rather than in Mexico to create good jobs, pay taxes and bring in new technology. Moreover should there be a flare up like in Taiwan, HongKong or SCS, he can easily confiscate them for free like Russian assets.
No shipyards to build one oceangoing ontainer ship or bulk carrier.
Only yards to build warships which costs 10 times more than commercial vessels
and fatten the profits of the Military Industrial complex.
The US law permits.@@marktan3177
Administration issues and voter willing ignorance. It can't be rectified
According to one influential American opinion leader, China “forced the US to deindustrialise?”. How did China do that? With gun boats? Opium?
It's a way to cope with a bad situation and is addictive -- Copium.
@@jaimelaw1Industrial strength 😂❤
Such a crappy opinion "leader" only caters to the ignoramuses in the Banana Republic of America! And there are many of them! Never underestimate stupid people in large numbers!
No worries. The US still maintains the best Smearing industry. No one even comes close 😅
When it comes to propaganda both Russia and China have a lot to learn. The msm propaganda machine is really top notch and highly effective.
.
True.
Like crossing illegally to Alaska airspace that kind of China business 👍👍
@ssuwandi3240 Alaska Air space?? 🤣🤣Lol... like I said, the US still has the best Smearing Industry. Get out of the bubble and find out the facts. 😒
@@laowantongchau Good, GFO our country!!
Anti China is a business today, especially in the US. The US government including CIA, and military industry complex are the sources of money/profit.
The US stock market should have an anti-China fund to make money😅
One of my neighbours has a brand new Dongfeng Forthing evo t5 - its a €25k mid sised SUV. The build quality is shockingly good. Its as good as a €60k Mercedes only the paint finish is better. Ive not seen a paint finish as good outside a classic car show.
USG is using debt to fund its propaganda budget. An unnecessary expense but short term thinking and arrogance makes it a necessary one.
问题是美国人又不是个个都在军工企业里上班。对中国的电动车加征关税是保护了美国传统汽车业里的工人，但这是以牺牲其他产业工人财富为代价。同样美国四处发动战争售卖军火，军工产业是赚的盆满钵满，但实际上他们是像寄生虫一样吸取其他美国人的财富。这样做的结果，就是美国贫富分化越来越严重，然后就是社会动荡，最后重复人类历史上已经重复过千百遍的事情。
@@hengzhou4566US government works for military industry complex, not for average Americans.
Darkest country ever...desperate as hell
100%
Our US is basically run by greedy oil companies with a military industrial complex to bully countries that don't play according to our rules and Washington IMF actually made a rare announcement about the de-dolllarization, has rapidly increased since our recent support for wars and taking Russian money to give to Ukraine so the global majority of Brics countries are sick and tired of the US manipulating them by dumping trillions of dollars more recently than the past decades combined and as the IMF actually announced, it's a growing trend and a concern about faster inflation.
Families are already struggling with overpriced products in many ways without further limits on everyone's lives, and we must demand our political puppets stop limits on affordable options for families and everyone's abilities to improve our lives.
😮
Our US lost prominence in many topics recent years especially education as recent years China and Singapore ranked 1st and 2nd in P.I.S.A the world's most difficult university entrance exam results and sadly our US was ranked 22nd place.
Only our US political puppets are paid off to vote in favor for the military industrial complex and all the international business connected, and sadly 500,000+ Ukraine solders are dead over refusing to negotiate diplomatic talks to end senseless primitive wars tactics.
😮
Our political puppets are also accepting hundreds of thousands of dollars in bribes as various CZcams videos are explaining, for more bombs to Gaza, in which around 40,000 people are dead in only months 😢
Meanwhile, our Washington prints endless trillons of dollars more recently than the past decades combined and still no infrastructure or improvements to show for it and yet more bombs, bombs, and more bombs.
Yet international tourists are uploading their videos and explaining how China's streets are safer, cleaner, quieter public environments especially for women feeling safer anytime day or nights especially with kids and the 45,000 km of high speed rails are why the famous international business saying is "business at the speed of China"
I don't take pleasure in this, but we must give credit where credit is due ...
Our US also no longer has a top ten technology universities in the world in recent years, yet China now has 5 of the world's top ten technology universities.
The thing is. 🤔
More intelligent people, as Asain countries, are well-known for having higher IQ ratings globally more than any other countries, and their countries prioritize family traditions and virtues, which proves best life-long results.
Helping others is always how more intelligent people live.
The billions of people also happy with all the improvements with all their living situations and monthly costs are much more affordable than our country as many tourists are uploading their videos and explaining more about many topics our Western countries media anti family agendas ignores to tell us 😮
The world's happiness ratings suddenly left China off of the list completely after ranking at the top of the list recent years.
. Censoring the people's obvious satisfaction and partly because of 800,000 million people brought up from poverty and living in a modern society in only a couple decades.
The various minor political parties my home improvements customers tell me, also had a part I their recent opening up more for international business. As many of our customers are international business people and must travel around the world's largest market occasionally.
Yet they're amazed at how fast they can go hundreds or cover a 1000 miles a day and have time to stop off at various cities with tens of millions of people for business negotiations and still all in the same day.
That explains a lot 😊
Bill Gates of Microsoft repeatedly said that sanctions will inevitably make the billions of innovative people in China prove how fast they can be sovereign and make almost everything inside China because of all the resources that no other countries have.
This channel video has a video reminding people of how Nvidia lost 10% stock share value especially since Huawei AI chips have passed Nvidia AI chips abilities and Nvidia AI prices are slashed for being inferior now and soon more unexpected improvements to showcase for everyone's benefits everywhere at more affordable prices too.
Our political people must allow Free Trade as usual again for families and everyone's abilities to improve, opposite of our overpriced western markets.
Our great US automakers unions' recent pay negotiations are just an act, too. 😮
Because of all the ways the global de-dolllarization and endless trillons of dollars more recently printed lowering the dollar's value, made the automakers negotiations already in the dump because our political puppets are allowed to be hypocrites and play towards greedy corporations agendas which are treating people as Sheeple for profit over people's interests again and again.
Desperate nations are dangerous, especially when they are used to be feared and obeyed.
Desperation makes you both prone to take risks and being irrational, especially when Americans like war and regard it as a solution to poverty = bomb the factories from the competition like they did in Japan & Germany in WW II.
Afterwards, it doesn't matter how incompetent you are (as Americans normally are). When all competition is literally crushed then the whole business is yours. This is how the USA boomed so much after WW II, and they know that. War is simply massive theft and destruction.
Americans make a great deal of how divided they are, but most of them support war, which they also see as their way to civilizing the world and setting peace. This is the eternal western lie to justify their eternal invasion of all nations.
Second actually... the first is UK
G,7 has expanded and they have moved fast with your friends Deportation😊
All this has happened before, with the Spanish Empire, the English Empire, the Soviet Empire...in the end, they All find out you cannot fight the market. US used to know this, I was taught this in Economics. Now all I see is US trying to fight Adam Smith's invisible hand...that has moved on to economically friendlier pastures. Sad at the stupidity and waste of it all.
Best succinct report on the dark webs of NGOs, politicians and industries. Thank you 🙏 ❤
In short :
Companies pay people to write a report. Then, pay a politician to create a fund, so these companies can use that fund to get more money .
Sounds more like a scam than a business. Tax money making the rich richer !
Yes you are right. This is what US lawmakers including European, Japan, SK puppets are capable of.
Yep.
The biggest con men are the US politicians hands down
American politician seemed to have forgotten the reason why American ship building industries died is American made ship cost too much.
Keep up the good work.....the truth will come out.
The truth is already here. The problem is that the people who should care the most to access it, are the ones who care the least.
They would rather instead indulge in mindless frivolity such as reality shows and ESPN. Or indulge in pointless distractions such as identity politics.
But yeah, the truth is here. The tough part will simply be getting people to care about it without being forced by outside circumstances to.
The US report-writing industry, however, is second to none.
More like their "marketing" industry, both commercial and political.
Second to the weapons industry, and third to the money printing industry.
You mean propaganda ? 👈 That'll be the right word !😊😂
@@tkh2944 Tomato tomahto
😂
America no longer has any sort of building industry, except for weapons (surprise surprise).
Ahh wrong US also makes lgbtq flags 😆 🤣
@@AzizAziz-lc2qk I bet even those are made in China!!!
Similar to Chinese contractors when constructing hi-rise buildings in a private capital market? look up Oceanwide Plaza Towers, Los Angeles.
Everything in the United States seems to be failing 😢
@@pbworld7858😂😂😂
The report writing industry. The apex industry of all industries. America is exceptional!
The US says China has over 200 times the capacity of the US to build ships so the US ship building lobby is trying to get the US government to foot the bill to build more shipyards.....not for competing with China on merchant ships, but to build more naval ships.
"According to a US Navy briefing slide, China has 230 to 232 times the shipbuilding capacity of the United States:
Capacity
China's shipyards have a capacity of over 23.2 million tons, compared to the US's capacity of less than 100,000 tons.
Commercial shipyards
China has many commercial shipyards that are larger and more productive than the largest US shipyards. For example, Jiangnan Shipyard alone has more capacity than all US shipyards combined." (Google AI)
some politicians need campaign fund urgently? 😅😅🤣🤣
the outcome of spending money wisely(China)and wasting it foolishly(the warmonger)
@@uchitsein8551 not foolishly, but shifting $$$$ from public fund into private pockets 🤭🤭🥳🥳
😂 I'm laughing at the ridiculousness of the actions in the US.. great report, loved it.
The US has been outsourcing it's manufacturing industries to other countries, especially China for decades, so much so it has lost its ability and capacity to produce many equipment.
In other words, war is imminent. For America it is now or never.
Well yes and that is because it's Oligarchs thought that they will be able to control the Chinese economy as well and will start monopolising it.
Well China mediocre growth of 4.7% means De-coupling is in the menu. Uncle Sam isn't perfect but don't ever think they're stupid when China has crossed the line. It is O V E R as China wishes. I just don't get the berating because China is aware and pulled the trigger👍👍 Y'all should be happy her wish comes true
In 2023 US Congress Research Service published a report stating between 2020 to 2022 US shipyards build a total of 4, 3 and 5 ship in each year respectively against China's 1,216, 1,708 and 1,794. The fact is the ships built by US shipyards are too expensive. That is the reason the world's shipbuilding business went to Japan first, then later to South Korea and now China. The ships US shipyards build are only warship for the US Navy as it is a national security problem to have one's war ship build by a foreign country.
This idea of re-shoring the industry is a dead duck because even if the re-shoring is 100% successful the brought-back US industry is still too expensive or probably even more expensive than before. If it couldn't survive before how could it survive now after several decades and after two shipbuilding giants like Japan and South Korea have failed to hold on to the pole position. The US warships are known to cost 4 times of the Chinese for the same specification. One reason is China use civilian shipyards to build warships as a small part of a large order whereas the US shipyards build exclusively warship in low numbers and nothing else.
Writing another thousands think-tank papers is not going to alter the hard fact. The Americans should understand theirs shipbuilding several decades ago had been beaten first by the Japanese who in term beaten by the South Korean. China now survives on taking the lowest profit margin.
China also has the capability to use "Civilian" yards to build the basic hulls (with the basic systems installed), allowing the more specialist Military yards to concentrate on fit-out. Economies of scale, and using specialist services at maximum efficiency.
If US levies port fees on Chinese built ships, I suppose China could retaliate by imposing additional fees on US made planes.
I like how they refer to Japan and Korea as key US “allies”… They’re not allies! They’re colonies/vassal states. 😂
just doing the sums US GDP is 28 trillion (2023) total US national debt is 34 trillion. Annual interest rate on this debt is 1 trillion. Annual US military budget is 820 Billion. Where is the money coming from to revitalise the small US Ship industry. Print more money? A number of the BRICS countries are dedollarising choosing to trade in their own currencies. CSIS studies make proposals that are not financially sustainable. BTW this is not factoring the costs of supply to Ukraine in its war with Russia. There are rumours that US wants to wage a war with Iran. Wars are expensive. The war in Afghanistan cost 2 Trillion. I don’t think a war will Iran will cost less. Kevin how can a once upon a time great country pull back from the brink ?🤔
Go bankrupt like Trump and rebuild, the American way lol. In case you are wondering, China did just that, only took them 100 year's to rebuild.
All of US GDP is hot air economy. If the Chinese and other global south countries stopped selling and sending anything to USA, then most yanks will be back to their caveman days lifestyle. But look at the hoopla.
Tax the corporations and the rich. However, the corporations and the rich control this government and make sure they get a free ride on the backs of the little people. This kind of system cannot last long before there will be a straw that will break the people’s back.
Ship building is very labour intensive, and the US has no way to compete with Asia countries.
Needs lots of qualify engineers which US no way come close
Robotics.
Lie used to
I thought US population is bigger than japan and korean combined , but the democrats are working on exporting cheap workers
@@stateweapon exporting or importing
Like fudge, the corruption gets thicker as we cut into it. Thanks for sharing. It's sweet for some.
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Waking up every 14th of each month to 210,000 dollars it’s a blessing to I and my family… Big gratitude to Maria Frances Hanlon🙌
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Maria Frances Hanlon, has been an amazing experience.
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦♀️of myself because of low finance but I still
believe in God
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Maria Frances 😊🎉
Agreed.. There is ulterior motive always for these groups.
Thanks again, Kevin. 🙏
This what happens when corporations run a country
Exactly this is the birth of the Smear industry 😊 $
It's all short term thinking and profit maximization .... future of the nation is irrelevant.
In the 1920s, Mussolini had a word for that....
@@andrewnorrie2731what was it
@@existentialbaby 'Fascism', or, as Mussolini further explained, it could also be called 'corporatism.' And 'corporatism' was a word removed by at least one major US publisher from its dictionary's definition of 'fascism.' [I think it was Miriam Webster, but after it had been bought by a large US corporation.]
A US ship builder would have not customer base to survive. Military ships can’t keep these companies profitable.
The Congress has turned itself into an ATM for those who could afford to hire lobbyists and think-tanks. Congrats Americans. You get to enjoy this ultimate democracy.
The US navy has failed in all of its $bbillion new projects, LCS, Zummult, Ford carriers. Now it's 1980s Trident SSBNs need replacement.
Sell the submarines to the Australians. They will buy anything.
@ViceCoin This 1000 X. The American navy was once mighty, but is now a joke.
That's where the 'Columbia' class SSBNs come in. Currently each boat is around US$9 billion; but hey, we all know that price will skyrocket. I believe there are also some 'new technologies' that are still in development that will be used. That must good for at least an extra couple of billion per boat.
Thank you Kevin.
Business is not taxed out of business by greedy politicians
Honest numbers and statistics are vital to assessing the real situation. MSM does not embrace the real picture.
China can build 270 destroyers for each US made destroyer.
But US destroyers work ... it's just the Littoral Combat Ships that don't ...
@@marcbjorg4823 That's just shipbuilding. We have not even considered everything else. Remember that China now has 30% of the world's manufacturing capacity.
@@gelinrefira Old stat, it's more now. Not only because they're building more, but because the west is downsizing and outsourcing to China.
@@gelinrefira Along with Universities that are as good as, often better, than "The West".
the empire has asked Japan and South Korea to do routine maintenances of its warships, even India because the backlog is months. the empire even asked its colony South Korea to setup shipyard in the empire's homeland.
look at TSMC in Arizona. anyone thinks that Koreans are that unintelligent?
I'm afraid they are quite so.
@@grouchypatch9185 where is the attack submarine Connecticut? it hit an undersea mountain and still waiting in line for repairs.
The Koreans have no choice. It has turned over its military completely to the US.
Thanks for your insights👍
Welcome back! I was beginning to have withdrawal symptoms.
Clarification:
USA definitely has a big ship building industry- for the U.S. Navy. US ship yards build nuke sub, nuke carriers, missile cruisers , frigates, amphibious carriers, and destroyers. Since the ‘60s US no longer build big commercial ships such as container, tankers, and cruise ship. Why?
Labor unions.
Military ship building contracts stipulate using labor unions. These generous contracts are partially political paybacks causing construction cost to skyrockets. $10 billion for a Ford class carrier, $1 billion for a missile destroyer without a missile.
Private ship owners cannot afford to pay labor union pay scale or compete against the generous U.S. government. They go to China, S Korea, and Japan , instead.
well done Kevin
You hit the nail on its head Kevin 🙏
Most informative as always. Thanks.
Excellent analysis site
Thanks Kevin!
The "Threat Manufacturing" industry is going strong! 🥳
It's incredible to learn about these weird unproductive niche industries, writing reports on "national security concerns"
The US overprinting of the dollar is the greatest threat to the world
Another gem Kevin. Thanks.
The rot is within. Corporate interests explained very well.
In US tariffs is fast becoming a source of revenue for the government
Exactly! Paid by US buyers😂
Yah, tariffs are actually paid by the USA population.
Very unlikely that Americans will buy too many China products when Trump slaps 100% tariffs on ALL China products. China will be hit in the short term, but it is developing other markets to replace the US.
*Amazing video, you work for 4Oyrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Hello, I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Barry Silbert, has been an amazing experience.
Hello how do you make such monthly?? I'm a born again Christian and sometimes I feel so down🤦🏽of myself because of low finance but I still believe in God
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Mr Barry Silbert
Good day all👍🏻from Australia 🇦🇺 I have read a lot of posts that people are very happy with the financial guidance he is giving them! What way can I get to him exactly ?
I don’t know how Japan and S Korea ship building industry could solve national security issues. If there is a navy war broke-out between US and China, the newly build ships are likely to be in the bottom of the ocean before they are manned by US navy. After all, no ship can sail undetected today and there is a long way to go.
As stated in the video, national security is an excuse and the focus is on establishing a "HUGE" fund that is going to be controlled by specific groups of people.
Excellent analysis as always.
The US hasn't had a ship building industry for decades and it's suddenly a national security issue.
The donated money is not free. The donors will ask CSIS to write what ever is beneficial to them and not necessarily to the US.
The loss of shipbuilding to China from the occupied countries is definitely a security risk. China is not a vassal state under the heel of the US boot.
Spot on
Ex-military person = ouch ! the truth really HURTS !
USA National Security is everything under the sky 🤣🤣🤣🤣🤣
China's shipping industry has flourished over its excessive trade volume and favorable policies. On the other hand, the US has long divested from shipbuilding industry because they speculate that they will be outcompeted and outpaced by China.
They also were very anti union. These maintained good pay for workers, but reduced corporation profits. So they had to go. Which is why poverty has expanded in the USA over the last forty years.
@@davidlazarus67Chinese shipbuilders are obliged to look after their workers first, and turning a profit is second. Also no need to engage in short term tactics to spruce up the quarterly results. The US flounders because of the focus on shareholders and stock market values
@@davidlazarus67 That's funny, you think US unions are actually for workers. In case you didn't notice from this video, our unions are politically captured.
@@Gustav_Kuriga They used to be for workers. Though as you say they have been captured since 1980. That’s when wages stagnated. In other countries they aren’t all captured.
Yankland only has the capacity to build a ship around 5 commercial ships a year while chiland build 20 warship per year. That capacity will be higher if commercial shipyards are converted to build military ships.
Adter the first ship battle, Yankland will be fighting a losing naval war there after.
US may have to outsource the building of its next aircraft carrier to China soon😂
Exactly right, almost like Ray Cline was an early CSÌS president...
Thanks for sharing and surfacing the truth. 👏👍
Where have you been man? Welcome back
Missed his videos, which have become part of my daily routine! That said, he's dead wrong though about the U.S. "not having a shipbuilding industry." We build submarines (that are able to travel all the way to the ground, near the Titanic).
Hey, teacher!
Leave those ships alone!
Great insight, thanks for sharing
EVERYTHING could be a security threat; it's just how U wanna spin it? 😅😅🤣🤣
China leads not "just" in vessel completion, but also in all the technologies and industries associated with modern ship-building, including radar systems, electronic navigation systems,, distress signalling systems, power technology and just about every other "sub-assembly" that modern shipping needs. The more ships built, the greater demand for locally-produced sub-assemblies, and the greater incentive to invest in new systems and technologies to allow China to retain a competitive edge.
US gave up building ships 3 decades ago but today, ship building is being totally re-designed using new technologies and the US could still compete, ... If it had the qualified engineers.... Unfortunately the banks would rather just earn interest on freshly printed dollars.
"Freshly printed dollars" are only useful when you need them to buy OIL. It's called the petrodollar (Google that one word, but the results are often US-biased) for a reason, after all. When OIL stops dominating the world - and that IS coming despite everything the US is doing to try and stop it - the dollar will crash HARD and the US will look more like Venezuela or Argentina.
Even Russia sold their oil denominated in USD, I disagree with Kevin about the impacts of the Ukraine war (Russia has lost and only continues to exist because of nukes). But now that they don't need to do that, the petrodollar is declining in importance. What's saving the US *for now* is that everyone else holds a LOT of US currency and US debt. Nobody wants to lose money, but when the USD inflates like the 1980's peso that will be a moot point.
Not just engineers, also needs a ton of qualified welders, large equipment…etc. It takes a concerted effort by the government, which is going to be difficult politically, in the US.
@@capnkirk5528 agree. consequently there will be a diminishing demand for dollars..
@@capnkirk5528 from what I have heard the petro-dollar is collapsing in favor of other currencies
I don't think Russia lost, as worse it's a stalemate. Russia actually gaining gound right and left. Why do you think NATO is threatening China if Russia is losing?
Just like in any market, fear sells and is very profitable.
Why the US is Blaineing orders for it's own carelessnes?
Because they have no other excuse?
(And it 's not "Carelessness". It's a combination of incompetence, overconfidence ("Hubris") and corruption)
I'll say again, Look at the similarity of the reaction to China, who planned and advanced over decades, and (Incoming!!) Tesla, who did the same.
.
When they hold a conference and TELL you every 5 years:
THIS is what we intend to do.
THIS is why.
THIS is how.
THEN
THIS is how we did over the LAST 5 years...
YOU DON'T REALLY NEED TO COMMISSION A REPORT on how THEY did it.
You need a report on WHY YOU DIDN'T.
BUT of course, THAT report, IF truly independent, would highlight "incompetence, overconfidence ("Hubris") and corruption".
Am I correct?
As always, well researched analysis.
Thank you, your videos are so insightful.
There is no way this fund will make a bit of difference. The US needs to massively invest in education and infrastructure. Also, experts need to be brought on board to build shipyards and modernize port facilities so that the US can become close to competitive. I would recommend consulting with Chinese companies. They seem to know a thing or two about this.
Hell would freeze over before that happens. From a political standpoint, it's much easier and popular to blame the other side for "stealing" our technology and jobs.
Smearing China in the media is also lucrative. Sssssss....
Laughing all the way to the bank.😂😂😂
that's why China is letting people in without visas and let CZcamsr show the world the real china, not sure how effective that was, however.
The problem is with the American banking industry. They set the exchange rates between countries. That is why ship building chip industries etc. start shipping goods instead of making them locally..
As with every other industry, our political and business class chose profits over security, and long term profitability. They offshored our ship building industry to China, among others, and now just as anyone with no more than a fifth grade education could have seen when they were doing it, we are threatened by the fact that China now produces every critical item that we don't.
No US shipyard ever relocated to China, zero. US shipyards first lost to the Japanese shipyards, then lost to the Korean ones. Then the Chinese shipyards beat the Japanese and Korean shipyards. Competition is the reason, not offshoring.
cuz the ruling class think controlling money will let them control all nations…forgot that it is the thing's that you buy with money that's matter at the end. What happens when China has all things you need but decides not to sell them to you?
The end of empire grifting is to be expected.
China is more advanced than Korea and Japan: can build the most complicated ships including LNG cargos and cruise lines.
France owned the patents for LNG ships, it was Japan, then South Korea, and now China.
Nope.. Korea it's the best
About cruise lines China start the first cruise line this year For the first time in Chinese history 😂😂😂
There are no patents to build an entire LNG ship. You're talking about cryogenic INVAR steel that was patented by France steel company Arcelor, now Arcelor- Mittal. INVAR steel is used in all LNG storage tanks.
INVAR steel is not French monopoly anymore, for Chinese steel makers found a way to make INVAR steel without French patents and french method, they also applied patents for their own methods.
Now China is the only country can produce both LNG ships and INVAR steel. That is another example of Vertical integration.
Our anti coal government torpedoed any chance of being half way competitive against China ship building. Steel is low cost in China partly because low cost energy compared to the U.S. and ships use lots of steel. The only way western ship builders will compete is if they get large government subsidies or trade restrictions … or both.
And sooner or later the government deficit will strangle many subsidies and military ship procurements. The debt is now $35 trillion and if the economy slides into a recession, that debt will increase by $5 trillion annually. What’s worse is if the FED lowers interest rates, then money printing must accelerate as foreign investors pull away. And if the FED keeps interest rates high, then the banking system will be forced to realize huge losses and create havoc from major failures & loss of trust in FDIC.
Duh ...that coal used for energy is NOT the same coal as that used for steelmaking. And the cost of energy in the US is a direct result of capitalism; let's give these companies a monopoly on an "essential" service, they won't abuse that, right?
The amazing thing is so many Americans DEFEND the rights of big corporations to SCREW THEM, and will defend them to the DEATH. Nobles in the middle ages would have loved that kind of mindless, devoted support from their serfs. PG&E, Duke, ... it's a long list.
Yep, down the drain, either way.
Why Gordon Chang didn't predict the collapse of America? Is he deaf and blind? 🤔🤔🤔
China has been shifting away from coal for years. They've been vastly expanding nuclear and renewables.
@@Gustav_Kuriga yes China is ramping up alternative energy but are also ramping up coal fired electric power plants to this very day. Hopefully China’s competent engineers and committed planners will be mass producing well proven small Thorium reactors monthly off a factory assembly line. Such a solution should cut the cost of energy by 90%.
Actually the evidence I see is high atmospheric CO2 is very beneficial. It increased crop yields world wide enough to feed hundreds of millions of additional people. Fertilizer and pesticides get all the credit but in a lab environment, higher CO2 levels have increased crop yields by 60%. We aren’t at that high a level of CO2 yet but are a solid quarter of the way there
Just those 3 countries have 94% of the world’s ship building capacity.
Excellent, as always
I sell Fujitsu mini split heat pumps. They are not made in Japan anymore. Just like the USA, they’ve outsourced to other countries (our “enemies”) for higher profits in their executives pockets.
just curious.. what did China did to you to classified her as an enemy for simply working hard whilst you kill the world..
Smart point, this talk all comes together at the end with illumination👍
Print Trillions more US dollar$ 😂😂😂 Enact Tax/Sanctions Work LESS 😂😂😂😂😂
❤China builds for the consumer. WE ARE THE CONSUMER.
China can tax foreign ships for docking chinese ports as a counter measure
Most USA ports too outdated for new large cargo ships, anyway.
No need to. When your crazy girlfriend shouts at you hysterically you don't need to scream back. In fact, keep doing what you have been doing, ignore her. China won the Industry game already, no need to play child games.
Each day reveals how desperate America is becoming.
Maybe we can get China to build us some ships to use to take troops and supplies over there to fight them. Actually, since we’d be buying most of the supplies from them, they could just set up a big store near the harbor where our fighting men can buy drones, flashlights, ammo carriers, etc.
Metal Gear Solid 4:"War has changed"
The good news the US exports services, SW and Semiconductor from Taiwan … so not really needing ships. No one buys Ford and GM outside USA. 😂😂😂
NGO's should be renamed NSO's or Non Sense Organization 😆 🤣
NGO these day belongs to a small group of people.
Lotta sense, Lotta $
NGO equals CIA.
NGOs are covers for CIA .
GFO Govt funded organization
In china the people rule country, in US businessman rules the country
Nop, it's the DEEPSTATE!, all those "small" business man like Jeff B, Elon M, the idiot of FB, etc, they r nothing when it comes to the deepstate, have you ever seen any of them testifying on congress, NONE, we don't even know their names or whereabouts, but we all know about the other small flies!.
America shld stop using national security as a reason for almost every of its foreign policy endeavour..bc its overused, n it's beginning to sound cheap n ludicrous.
usa, anything not going my way is national security.
So much for free trade and competition.
The fall of the U.S. shipbuilding seem to have followed after the United Kingdom as well which once was the leader in ship design and construction but fell victim to globalisation, falling demand and succumbing to economic pressures.
Furthermore, like many of its traditional industries, there was a failure to invest in modernizing their factories, equipment, and production capacity to compete with the rising economies of South Korea and Japan that saw them falling further and further behind until it was almost impossible to catch up without a very huge injection of financial investment and restructuring - which was enough to raise the hairs of any western financial minister.
So, the fallback to all of this to go to the traditional "blame game" and the pointing of fingers at countries like China for "over capacity", "over production" and "over there".
The US still builds pleasure yachts like Sea Ray of Brunswick mostly in GRP.
The world has had enough of the US and their lakeys.
The plan is working perfectly, to even up and distribute wealth from the West to the East, the West has slowly over decades not introduced the latest manufactering methods, underinvested and thus low and behold become uncompetitive, then the industry they once dominated slowly dies and disappears, this can not happen unless investment in huge quantities of $ is funnelled into countries that don't have the experience or expertise, which imo the West has done deliberately.
The WEF, UU and WHO i am sure would wholly support this wealth transfer to lift the quality of life in South East Asia.
US cannot catch the pace of China development.C
I recall some plans by the US Navy to speed up its new ship building efforts by outsourcing most of the work to Japan, South Korea and even Europe. The idea being of building the new US hulls abroad then finishing the job back home - if possible.
however in case of a hot war with China those US proxy docks in Asia will become legitimate military targets which will end any US shipbuilding right quick.
Agreed. Since U.S. doesn’t really have a ship building industry anymore, 301 investigation is a joke and time consumption. National security accusation is a lot more effective and cheaper way to do it, CSIS can easily handle this job.
When you have comedians in charge, you get jokes... sad jokes. Look at Ukraine.
China is building a nuclear thorium powered container ship, which is bigger, faster, and cheaper to operate compared to conventional vessels.
More ominously, we can expect China to keep this tech for their own shipping lines in order to dominate the shipping industry within the next couple of decades.
"ominously" when referring to anything China? Lol. Keep coping hard!