Ask Prof Wolff: The Impact of China on Small U.S. Businesses
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- čas přidán 6. 04. 2023
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A Patron of Democracy at Work asks: "I am a pediatrician but like everyone in the medical field, we are tired of serving insurance companies and Medicine is not fun anymore. I wish we had public insurance as I don't see how health can go with profit. I am opening a small business. My question is, for us tiny companies: what will the future bring with a possible war with China? Aren't we the biggest losers here? We don't manufacture anything anymore! How can small businesses survive in current times? "
This is Professor Richard Wolff's video response.
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Trade shows in the US usually carry lots of US exhibitors displaying products outsourced from China. Trade shows in China goes nonstop weekly year round for all industries and businesses. Foreign entrepreneurs worldwide seek for Chinese manufacturing partners in order to outcompete their competition at home. This process has gone on for more than 20 years for most consumer and industrial products. The scale of variety as well as speed, costs, logistics, etc of Chinese manufacturing provides opportunities for small businesses to outcompete big companies. Thousands of US small businesses has found success doing business with China. Other than the big boys and the misinformed no one wants war. It has been a very strange situation. The US says Huawei or TikTok threatens national security. China buys Boeing planes while Boeing supplies also the military bases surrounding China. Chinese supermarkets use Honeywell laser barcode readers which also supply guidance devices to US missiles. The big boys’ games are more complex than they appear.
Very interesting! Thank you!
China stop buying Boeing and buy Airbus instead. The big boys games is complex indeed. The only loser is US average citizens
China just opened up again. Get a ticket and take your idea to a country that really has people that want to work for a better life. I've been going since 2005. Incredible place ! Have tickets to go back in May. It's like swimming against the current here. It can happen but difficult. Oh, and I have a business here too. The "American Dream" is now in China. You have to see it to believe it.
"the American dream. You have to be asleep to believe it" (George Carlin). The china dream is better and bigger
No, actually the American Scream is what is going on in China....... We built it up, and now we are going to let it collapse..... Keep threatening stability.... It is a losing hand my friend.
@@thefreestylefrEaK China is a more capitalist country than US. Your government and news media keeps you in the dark. They use to tell me "we are 50 years behind US" in 2006. Now it seems they are 50 years ahead of US. Go take a look for yourself !
@@thefreestylefrEaK get lost demoRATS. We LOVE LOVE LOVE pro-russia & pro-china communist propaganda. demoRATS
Professor Wolff, I did get your point that peaceful business negotiation between China and the US rather than the confrontational approach being taken now is a better way to handle things. However, the Japanese-American deal in the 80s is a bad example. The Plaza Accord was a result of military and political pressure from the United States, it was not a fair agreement based on fair competition; it's another example of American Hegemony. After the signage of the Plaza Accord the Japanese economy went to the pits and had its 'lost 30 years.' Having learned from this, the Chinese obviously would not agree to a deal like that.
What has happened to small businesses and especially small towns over the last forty years is criminal and heartbreaking.
in fact, if we can't reduce population, survival depends on gathering humanity into big city density, and returning a lot of land to nature. but better just to reduce population under 1 billion. war, plague, starvation may do it painfully, but we aren't smart enough to by planning.
@@alfred-vz8ti You want to kill 6 billion people?
Thank all the Wally World shoppers and crap, er uh, I mean rap music and fads for that.....
@alfred, stop this nonsense. There is no overpopulation. Do you know how many foods are waisted every day?
@@star-gs9kh Isn't it great? Quick get a box and Fed Ex your half eaten bologna sandwich to someone in need!!!!!! 🤣😅🤣
I have been operating a small US manufacturing company for now almost thirteen years. Many of the parts we use to make the stuff comes from China. We use a lot of microchips that are not made in the US. My costs have increased significantly over the years. And now there are tariffs, too. insultingly, the tariffs are on things China makes that have no alternate from US manufacturers...Oh, and I pay them...not China. I also export likely half of the orders to customers overseas. Shipping costs with the USPS have tripled over the time my company has been operating.
Make no mistake about it: This country is entirely antagonistic to small american manufacturing and certainly is doing everything - from my perspective - to hinder it. Prof is right. There is a war going on and it's always been the rich against all of us...too bad nowadays one half of the country is on the side of the enemy and the other half doesn't even know who the enemies are.
is good to be BIG in America... even if you fail, daddy gov. will save you. If you are small... let the FREE MARKET RIGHT WING CAPITALISM decide.
I just mentioned this in response to another comment.
Americans have forgotten their history. Woodrow Wilson broke up Big Oil (Rockefeller's Standard Oil). Reagan broke up the Bell System/ AT&T. These monopolies were screwing over the average American sheeple.
Nowadays Biden kowtows to the corporate oligopolists.
Thank you Prof Wolff, we appreciate your humanity in sharing valuable knowledge with all of us in an easy to consume package! 💯🙏
"Little businesses are constantly drawn into alliances with big businesses against workers..."
Yup. I was talking to someone about this kind of thing a few days ago. Small businesses are in constant conflict with their local community.. precisely because they've had to build their small business at the expense of local workers. Most of the benefit gained is filtered up through loans and fees into entirely different communities than where the small business is located. The rest of the benefit goes to the small business owner/s... if they work really hard, and are very lucky.
It is difficult for small business to get patent protection, and even more difficult to enforce their rights in court.
See Lemelson.
SBA may consider helping inventors in all the aspects, on the way to success.
Sad and outrageous truth😢As always, 🤗huge thank you🌹 dear professor Wolff!
The US - China agreement is been going on for years , you can tell by checking product tags either Home Depot , Lowe’s , Target , Walmart and the list goes on and on . Nothing new about it , but thank you Prof Wolff for your hard work on this issues . 🙏👍🏻✌🏻👋🏻.
i think the agreement he's referring to is trade protections / nationalizing industries, not allowing open trade
@@richardli4038 The thing is, it works both ways, if you limit what China can export to you, then, China can do the same on limiting imports from you. But, since USA is now controlled by big corporations, do you think they will let you reduce their earnings?
I keep hearing that I should support small business, but then I remember how utterly miserable my experiences have been... As a millennial who's ended up in a lot of bad jobs in my life, the small businesses are almost always worse than corporations to work for. The top bosses work right next to you--rather than being removed in some corporate headquarters--and they really lay on the demands and work. They also don't provide any basic benefits, unless required under law, and then the benefits meet minimum standards. They nickel and dime you on pay worse than corporations. They're exceedingly stingy and cut corners to save on costs, in ways big business does not (because they can absorb some of the costs): like at pharmacies, retrieving pills that fell on the floor and giving them to the patient, or picking off moldy grapes from a bunch, and putting the rest of the bunch back out for sale. And small business owners are astoundingly greedy too, both in personal circumstances, and including complete condemnation of any left positions for the good of society (eg. universal healthcare). The appeal for supporting small businesses is going to fall on deaf ears, as far as I’m concerned.
right. small businesses have to follow capitalist logic at the extreme to compete with the big ones
@@richardli4038 ...which is a BAD thing, right? Nobody's forcing them to have a small business, so if they're going to treat their employees that badly, they're not excused.
Thank you
Thanks!
Wouldn't it be easier to find a factory in China to make the products for you? So that you can focus more on other more important aspects of your business like R&D and marketing and customer feedback?
R&D is irrelevant. The reason why China is cheap is because economy of scale. Example if you want to sell gaming chair, just ask China to give you a template they have. Maybe you choose the color the chair and put your company logo. They can sell you one for USD50 and you sell USD 150 in US. If you customize the chair in a way they dont have to components, they wont take your order. Not worth the trouble. Unless you are Apple
Common Prosperity. There must be recognition that the rights of workers are important and that all stakeholders must share in the fruits of a successful business. There must be long term planning whereby society’s wellness is the primary objective, versus making as much money as possible.
💯🥸⭐ to Professor Richard Wff ....
I don't think the cost of labor in China is cheap anymore, but the Chinese are still able to produce a lot of stuff there, because they are still able to produce it at the lowest cost.
Not only produce but transport. The whole infrastructure system provides competitive economic edge
@@irbis_rosh The US has a decaying and outdated infrastructure.
Getting things done is much more important than costs. That's what China does best. About 54% of the Teslas sold in the world recently was made/assembled in Shanghai.
Average starting monthly pay for engineer in Beijing ~USD4k. More expensive than Singapore. For high tech manufacturing, salary is not the main cost. Capital investment and supply chain is a bigger factor in cost.
@@ckokloong In the USA, engineering salaries are about $85,000/year to $135,000/year.
Makes good sense to me
"Small businesses" is another way of saying "the petit bourgeoisie" - a class of human beings in our society that has been greatly diminished, close to annihilation, by the Walmarts and such huge corporate entities. But I haven't seen any focus in the MSM or in the alternative media on the individuals and their families that used to inhabit the ranks of the petit bourgeoisie and have been destroyed by the Walmarts and their ilk. So, Professor Wolff, how about devoting some of your time to these folks?
Why? He is only going to talk some bourgeoisie smack.....
He forgot the part about the US burning down the Canadian parliament building to start the war of 1812.
Is that how that went?
He also did not mention the vicious retaliation by the USA on Japan in the 1980s by laws that destroyed a lot of Japan's productive capacities.
Very informative and educational
Start a Worker Owned Cooperative if you want a happy successful business.
She should come to Malaysia to explore her business opportunities. Come to visit Malaysia for a holiday and see for herself what great opportunities will be for her to build her dreams.
Malaysia sucks... Wouldn't touch it with a ten foot pole....
China is just more efficient at producing things, because they have more engineering graduates per year compared to the USA. China produces about 600,000 to 700,000 engineering undergraduates/year, while the USA produces about 70,000 to 90,000 engineering undergraduates/year. Engineers figure out how to parts for machines efficiently, they make the machines that make parts for machinery, and they streamline production lines. The more engineers you have in a country, the productive the manufacturing industry is going to be.
Do Chinese students have to pay for their educations? At the collegiate level?
@@blogintonblakley2708 Exactly, that is why China is become a rich country. Look at all the student loan debts in the US.
@@blogintonblakley2708 I think education and healthcare is free in China. Looks like the US system is backward.
@@Ace1000ks19751982 Student loan debt is how our capitalist elites keep control of the professional managerial class.
By the time a professional has paid those loans their interests are firmly aligned with the establishment.
That's the point.
Of course there are a small group of people that don't have to worry about those costs... but they are already firmly committed to the establishment through their wealth... no reason for the establishment to control them, by loans.
They control them with wealth.
The problem with this system is that it strictly limits the pool of people your society can call upon to train. Because the society's "elites" have made the process of education so onerous as to knife their own future prospects directly in the buttocks.
Greed and ability are ever two different beasts.
@@blogintonblakley2708 That's the fundamental problem with capitalism. It tries to enslave people with debt. These debts are in turn sold to investors.
Free higher education gives people more opportunities to contribute to the economy. This is why we have a shortage of skilled workers.
It's a system that is failing before our very eyes. It's a form of neo-feudalism. Look at how much $$$$$ it costs to get a medical procedure in the USA. In most countries if you are sick you can go to the hospital for free. If you go the emergency room without insurance, you can go bankrupt in the USA.
All I can say this is a failed system, and this type of economic system is inherently unstable, like Dr. Wolff stated.
Gracias
I like prof wolff when he talks about economy with historical context but i think that when he gives advice or solution on how to solve current economic issues, he is way too idealistic. Lumping vietnam and china as both communist countries and therefore the hegemon should be able to work with china since it has no issues with vietnam is a bit naive on his part, i believe. He completely ignores the geopolitical side of the issue. The conflict has nothing to do with communism. Communism is just a smoke screen. The issue is that china has the potential to ellipse the hegemon. Look at japan in the eighties, when it threatened to overtake the US economy. It started to vilify it as well, but since it was also a "democracy," the hegemon used basically industrial spying and currency manipulation instead to demonize it. Since japan did not have natural resources, it eventually capitulated and has been a vassal since.
Me gustaría que todo el mundo escuchará sus videos. Si veo una oportunidad lo hago. Saludos desde Chile.
I HEAR U IN 🇨🇦
Frankly US gov do not care about small business owners. Alibaba wanted to provide a good platform for US small businesses to export to china but trump wanted big business. Another case in point Tiktok, if banned, small businesses suffers and big businesses thrive.
Yes its so true, government diplomacy here is very important....
Takes less than an hour to get a permit in China to open a small business !
Takes less than 10 minutes to lose or your money doing that there too.....
@@WHSmith-zk2ox Hundreds of small businesses closing all around the EU and the UK would suggest otherwise ! ...LoL
@@etow8034 Doubt it fairly seriously... Have fun over there sport if it is such a great deal..... Think I will sit this dance out.
In fact, China is crashing day by day.... Guess they don't have such a wundery system does they chief? 🤣😂😅🤣🤣🤣
@@WHSmith-zk2ox Maybe in your parallel universe or maybe you drank too much of your own Kool-Aid !
Why can’t doctors just create a community and start their own medical system? Cut out the middle person from the equation.
And that middle person is the Jews. From the book of Henry Ford.
doctors do not own medical equipment, pharmacological labs, hospitals, nurses or any of the important research/patient data. that's the insurance companies, big pharma, huge conglomerates that own the means. they do not have the kind of money to just "start their own thing" - at most, they can cut out the middleman and set up private clinics to make more money for themselves.
you'd have to take over the existing infrastructure from these massive businesses to expect change, and that could only happen if the whole of the working people and politicians were involved in demanding it, not just doctors. Doesn't seem imminently likely if you're in the US
Wow!
GREAT TALKING POINTS PROFESSOR WOLFF AS USUAL SIR 💯👍🏾
And you need to do a video on the French protest regarding the retirement age
Dear Sir Wolff! I really like the title Ask Prof Wolff! I feel like I'm cheating on Thom,s channel because his Communist, Socialist channel is the only one I listen too and I've learned a lot from him on how Regime change happens but he is extremely intelligent and fun and the best and most challenging and inspiring person I know! I don't think he likes me as a subscriber because I have much different beliefs but I always respect his channel as much as possible for me. He's channel is not as much fun as it used to be because I can't hardly respond any longer to his topics! I want to ask you a question about Venezuela and other Socialist and Communist Countries but I am extremely respectful and I would like your permission first! I think my generation was the last to be taught differently and personally I think it's too late for America! I'm extremely afraid of Communist and Socialist because that's what I was taught and I used to be extremely shy but I've come out of that alot but I don't feel safe even asking questions any longer! People are just so divided and sensitive and seem angry and some even Hateful and some brainwashed that sometimes it feels hopeless but I always trust God and I try to see the good in people and realize that this is what they have been taught to believe in and we can't help what we have learned and we are all different in our beliefs! I know Thom believes in Jesus and tries to follow Jesus because he said so on his video and that brings me hope for our Country! It's extremely sad to see what's happening to America! To realize how fast it's going down and being totally destroyed from the inside out! It's sad and terrifying and I'm extremely afraid for all future generations here in the United States and the World At large! I know good wins in the End and God is Victorious! So if I may please ask you Sir Wolff; About Venezuela and Socialism and why I don't believe it works! I would ask your permission first and your thoughts and opinions? I have the Greatest Respect for you and your thoughts and for your channel! So I respect if you say yes or no! You are extremely intelligent and Extremely Handsome and well spoken person and very knowledgeable and that's why I come to you because Thom says you are one of the only persons he trust so that's why I turn to you for questions I don't understand!May I please ask you my questions? Thank You Sir Wolff!
So, cooperation is ultimately better than completion…. Who’d have thought.. lol.
Just got back from my neurologist appointment with an excellent physician who was a little old Indian neurologist. I knew he was good when the first thing that came out of his mouth was about how the American healthcare system is broken & how the patients & the workers r the ones to pay for it.
1:30 - we as Hongkongese face the same diliema too as most of our manufacturing moved from Hong Kong into Shenzhen, Dongguan and many of my older relatives lost their jobs, blaming the Chinese mainlanders for "stealing" the jobs from the people of Hong Kong. That was back in the 1970s, 1980s.....but then the population moved on, and picked up new, higher paid skill - and for those who are less educated, would be left behind still with the hate against the China mainlanders, but without thinking, why did they not upgrade their skills while they could. We all went thru that change, and it's time for America to wake up to the reality too. We all have to evolve and move forward. That's capitalism.
I think educated Hong Kong people also go Shen Zhen to work now. I'm from Malaysia working in Singapore many years because pay is triple. We are used to the idea of moving to another place to make a living. Life is not fair. We have to work hard to make the odds in our favor.
this works at the individual level but not for a society. the more people get trained for a skill the more deflated that job market will be. and the pattern will continue. not to mention all those who cannot afford the education will get left behind. instead of adapting to a broken system we need to end it
@@richardli4038Sorry but i think u r being negative. It wld be good for u to see thing in a more positive light. Train, re-train, train again, upgrade again, back to train again, change, re-change, change again and change. Welcome to the 21st century and beyond world. u stay put u die, u dont upgrade u die. u unhappy to move u die. that is the reality we live in now. Nobody likes to change but we got to face reality. Even the the mainland chinese faces the same problem. if they dont upgrade to a higher level of job etc, they will be screwed too in time to come. simple as that. if u think of using your bachelor degree that u obtained 20 years ago to get good job now, good luck to u. Whether we like it or not, that the reality of our world economic systems for now.
@@ckokloong Only for the people who could see thru the picture. To be honest, we make more money in China than I'd in Hongkong. The problem is, many Hongkongers carried a discriminative view against their own chinese brothers and that's why many of them failed to make money. And many of them still think, the only way we make money is to thru bribery - which is not entirely true. The place has moved on from the 1960s to 1990s. Everything has changed. And when we talk about bribery, I too used to think US and UK are bribe-free locations, yet it ain't that rosy as I thought it'd be. Even in Taiwan, which is worse of all when it comes to bribery, so much as a "democractic society" that USA always tried to promote to us, makes me truly sick. It's just a higher form of bribery. Like I said the world has changed and only for the people who could move forward with the world will sruvive this.
@@magicsmurfy higher form of bribery aka legalized bribery.
How about the impact of all the tariffs imposed on Chinese imports that are in fact a literal tax on the consumer? The tariffs are not paid by China, they are paid by American consumers passed on by importers via higher retail prices.
This is so freaking sad
Wolff should have pointed out that manufacturing in China allows smaller US companies and startups to manufacture high-quality products at scale and thus compete with large corporations with global operations. Traditionally, only big corporations could enjoy economies of scale and could thus snuff out smaller companies and startups before they became true competitors. Now, many small companies can simply go to China; perhaps this woman's medical startup could be one of them. If you watch SharkTank on TV, you'll see that many entrepreneurs with a promising invention or device are counseled to go to China to get a prototype made and have the manufacturing issues ironed out. It's unfortunate that much of the manufacturing itself is no longer done stateside, but this was a process that was migrating overseas long before China. On the upside, the manufacturing infrastructure--design, logistics, assembly--that China offers foreign firms has allowed many small businesses and startups to survive and flourish.
Prof Wolff Democracy At Work 👍👍👍
I imagine that this could be difficult abd complex for the Americans because of politics, global hegemony, national security, etc. For me in the developing countries, I will just move with the cheese.
You all way bring go toppings with big analysis
多謝！
👍💐
😀 Good Answer 😃
You are right but the rich and powerful corporations do not affect much, only the middle and poor. Corporations already established in China always win unless China kicks them out.
👍👍
❤...
Professor Wolf... Please explain what
Communism.. Is..?
Basic principles of.. Communism...
Why 99 percent of
American people needs
To know...
American... Democratic Values.. Not just for...
Billionaires...
Exactly……. The small and medium buSiness owners are the future working class….. we all know from thousands of years of history what happens to workers….. sometimes called “slavs”
Small businesses usually operate in niches. As market scale up it attracts the attention of copy cats that are bigger and have more marketing.
Biggest problem with China's consumer and niche manufactures is their lack of marketing.
The US should have diverted their economy and adapt to the changes that the leadership implemented themselves. Why not give small town people more opportunities to actually contribute to the US economy. There might be alot of talented people there. Who knows?
I agree with your approach with business between US and China.
That was your answer????
Why does the crappy captioning always auto-play on this channel? 👎
please listen to Richard pl zzzzz😊😊😊❤❤❤
No
And what about the Fed and its tightening. This is the one of those boom and bust cycles that everybody talks about who studies capitalism everything's booming and now the Fed is going to cause it to crash just in a matter of months.
Nothing is "booming" right now, except for the politicians lips while they talk their smack...
@@WHSmith-zk2ox yeah everybody's employed now of course it's booming
@@grantgre Oh, I am basking in all the abundances and luxuries of life..... Thanks for reminding me. For a second there I was tempted to go get a third or fourth job.... 🤣😂😅
The UK didnt lose 1812, there was no aim for the UK to take the USA they were more concerned about Napoleon. It was an offensive war by the USA which they lost because they took no ground and were first to ask for peace...
USA med. system have too much regulations
Big capitalists can easily get into whatever market you're in, and they can afford to take losses to push you under if it has to come to that.
The primary role of US workers is to organize economic development projects to harness the labor power of the US "working" class to strategically pay the massive reparations they owe to the global victims of US imperialism. Collectives running models that minimize the amount you contribute to the local/imperialist economy by producing things they and other collectives need, and maximizing the strategic reparations with good economic development projects that take advantage of the proximity to all that stolen wealth.
LOL 🤣
The Business community is an incompetent class of people. They praise revenue and value yet complain about rising prices on the supply side and never reveal the systemic micro economics issues. Workers, the productive labor must have a say in the production process.
Let try to manufacture a face mask as an example in America
1. Materials make in USA
2. Machineary make in the USA
3. Employees American (Mexican, Chinese, Illegal immigrants, homeless)
You may not have a problem with No,3 in USA
Number 1 and 2, good luck
Robert Kiyosaki: dolar itu seperti mata uang palsu yang disebar di seluruh dunia... Orang2 menukarnya dengan nikel sungguhan, emas sungguhan, batubara sungguhan, mesin sungguhan...
But the good professor wants to have that small business owner to give control and profit to the workers.
And the Nutty Professor claims profit is theft. So the lady is supposed to risk capital, work countless hours building her small business to create a small business without earning a profit.
It is the nature of capitalism to create class divisions.
That's not what he said. Best to watch the video again, and pay attention this time.
@YTCensors I also think you can't run a lemonade stand
The response had little to do with starting and sustaining a small business in the US unfortunately.
The professor took a detour into workers, nation based competition, Communist nation choices and favored nation arrangements which have nothing to do about the specific sector of the business, the market, the availability of capital, access to labor, IP protection and growth potential with new and larger markets.
Sorry professor, but you were way off the mark on this question.
It's so funny isn't it? A lady starting an Etsy page in US is asking how China is going to stop her from being successful. Umm...lady, you're not that important.
Unionized coops and small businesses ftw.
workes are the most submisive class in history
Brics is the future
No it is not.
@@beastmode8203 lol cover your eyes then.
@@Gigika313 build a bunker ☢️
@@beastmode8203 good luck 👍🏼
@@Gigika313 don't need it
🙏
Nope
@@beastmode8203 yep
@@cdoedayn no we will make sure of it ☢️
@YTCensors it's all good keep I promise you, you won't be laughing much longer.
The lady who is trying to open small shouldn’t fear the world outside the USA . I suggest you move to Africa with abundant of openings particularly in the medical field !!!
Sir, you are still loking like CPC apologist. While you want worker protection in US, conveniently forgetting the situation in China. Assembly floor working condition is so bad in China. Either you put strict and effective tariff on Chinese goods, or subsidize whole manufacturing supply chain locally for at least few products like electronics, minor medical products etc. Then only your small business will flourish. Example of France is ludicrous, it does not produce anything.
The impact of China on USA small business and manufacturing has been terrible. The sooner we can reshore our manufacturing from China and Taiwan, the better for all countries involved. The USA really needs to decouple from China. And the USA needs to engage in serious trust busting.
That is problems created by US
I take it you have not tried to employ a large group of workers in the great USA ?
@@Stoneitful employing large groups of workers is tough everywhere, and getting tougher. China’s demographic dividend is over. The USA’s is long over.
Decouple 😂😂😂 watch Cyrus Jannsen chanel 😊
You will make a good politician. You make decoupling is so sound so easy.
My company bought a high-tech CNC turning which can do laser cladding at the same time. The machine cost USD2million. The director has the vision of reducing reliance of outside supplier and make more parts in-house. Today, that machine is still not doing anything because we cannot find anyone who knows how to run the machine...
Exactly who cares about this woman and her businesses come on I care about poor people trying to make it middle-class people trying to make it not physician who wants to quit their profession
I think that you will find that it was the U.S. that declared war on June 12, 1812. Jefferson said at the time, I quote "The acquisition of Canada this year, as far as the neighborhood of Quebec, will be a mere matter of marching, and will give us experience for the attack of Halifax the next, and the final expulsion of England from the American continent." If you are wrong on this, how many other things are you wrong on!
it doesn't work that way professor 99% of america citizen oppose chinese they citizen business and they regime , unlike the US support and favour japanese goods business and regime
Bc Most americans have no clue how awesome CPC is. 😊
Vietnam is easier for USA to manipulate if they ever become too strong. China is an example for the rest of the global south to shake off their colonial mindset and this is something the USA and the west must come to terms with and every nation has a right to its own sovereignty and equal amongst all nations. The UN must be the world policeman.
We are going to drag China into Armageddon for Challenging our dominance. We would rather die in a nuclear war than accept a world where China is number one and we are not.
What about the vcp?
I respect you professor but your version of history about the war of 1812 is little off. As a Canadian, the American version of the war is quite different then the British and Canadian version
The US won, so they get to make the version.
@@kevinschmidt2210 Did they? They invaded Canada and Canada still exists. At best it can be called a draw.
@@Peorhum Nope! The US won and kicked the British out of the US, again, and also the NW Territory.
@@kevinschmidt2210 I once made an American friend and we talked about this among other things, and he told me that he was taught one version of history in US public school, then was sent to a private school and taught another. He said what was taught in US public schools is more pro American propaganda, to make proud American soldiers. I can't speak to the truth of that but trust me, I live a stone's throw from major battleground where the US army got defeated in Canada. Yes, during the break in the Napoleon wars, Britain sent troops to the US with mixed results but in the end, The US invasion of Canada was defeated and really, that was what the war was about, gaining Canada, despite the narrative taught to Americans today. The British really were not out to retake the colonies, they wanted the war ended as it was the side show from more important things, namely Europe, Africa and Asia. At best, the US can claim a draw as in the end peace was made and lines were draw on the map with British north America to the north, the US to the south. BTW, look up north west territories someday, and who owes it.
@@Peorhum Nice story. However, proving it is another story altogether.
Of course, the US won the war, and gained the NW territory.
You want a better version of history? How about the peoples' version? Read Howard Zinn.
You have to do something like a Yoga business until competitors crowd you out.
H's right Mom 'n' Pop, you should simply join hte AFL. This is nonsense even by Wo;lff standards!
You didn't listen to the video... Or you are mischaracterizing what Wolff said.
What he said was, Mom n' Pop businesses should join WITH labor instead of big businesses.
If you watched the vid, you'll know why.
Did you know that North Dakota has a public bank? Smashing success for a hundred years. Survived every attempt by capitalists to take it apart.
Pretty cool, huh?
When the bank makes a profit the revenue is added to the state budget, meaning everyone gets taxed less because they choose public banking... that hasn't crashed in over a hundred years... instead of private for profit banks that regularly fail and suffer crisis.
Pretty smart, huh?
I really feel prof Wolff would fail at a lemonade stand..he's very good at complaining, but would never be able to run any business
That's nice, Mr. Entrepreneur business owner. You are literally watching him run a video business.
Service biz is totally different than product biz ..yes he can sucker ppl like u to give him some of ur money...but he can't produce a product
@@kevinschmidt2210 he also needed the help of CZcams to get his misinformation to clowns like u that actually would pay him
@@kevinschmidt2210 I'm also suspecting that you too have never run a biz. I'm actually sure if it .
@@kevinschmidt2210 I also highly doubt that he has employees that he is paying social security tax on, disability, healthcare, retirement, sick time, vacation, unemployment tax. He is a moron..and u know it..
As I unsub for your absolutely terrible pro-russia opinions, I have to ask, when did you lose your way? It pains me because I used to enjoy your pro-worker, reasoned conversation. But there is nothing "pro-worker" in being a Russia apologist. I hope you look inward and do better in the future.
It’s seem like you’re not pro-worker after all
So you aren't going to believe me. But you've been propagandized about Ukraine. Just like you are propagandized about Afghanistan and Iraq.
{shrugs}
You can easily verify what I'm saying by going to US, UK and Ukraine sources and reading them. Not the media... but what Generals, politicians, and people making the decisions are actually saying.
What they are saying is the Ukraine is losing the war. If you dig around, on your own, you'll realize that the USA started the war in Ukraine in 2014 by sponsoring the Maidan coup. This coup was implemented by Banderite Nazis, who proceeded to burn peaceful protester to death.
There's more.
You have the option to check.
Wolf never mentioned Rusia once in the vid 😂 and Im sure your Unsub means fk all to him😊
Interesting subject. Hope to see you on the H3 podcast again!
Blah - blah - blah - blah.... Eliana, if you have a "product" or a "service" that fills a niche and you can provide it, which ever one it is, and hopefully it isn't the "business" of giving "advice" because there is not much money in that unless you are in show business, hence the reason for "Prof" Wolff's approach.... (In other words, those that can't do teach or preach" then go for it.... As far as workers go, if you are making a profit, you can pay them. If you are not, well, you can't. And remember this... Workers are never at risk. They can walk away anytime they want and they won't get foreclosed on. So watch your books, watch your expenditures, consider the aspects of costs involved to provide your "product" or "service". If you will put out more than you can reasonably expect to take in, my advice? Do what everyone else is doing, and stick with your job. Good luck..... Oh, and 17 to 20% of "gross" is the rule of thumb to enumerate or compensate your employees with... You can only slice a pie into so many pieces and then all there are is crumbs... And if crumbs is all there are, don't be a crumb and waste your time.... Peace out. Oh, and remember, the road to success is a long, cold, hard rocky one.... And what is the definition of success? You either desire less, or earn more... That's your choice, that is how America works. One man's measure is another man's stumbling block....
#UBI..........................................