What if a country doesn't have any significant comparative advantage?

The reason the dollar is the standard is because of the nuclear bomb

If you think locals losing jobs is bad or the people who manage countries care you don't understand what going on. Earth is a massive farm of humans farming humans.

An apartment building is only a place where you live when you're a domesticated human who can't think beyond your next day at work and the ensuing social reactions. An apartment complex is a place where humans are stored reared programmed cleaned fed. These are giant systems designed to manage millions of humans at a time they aren't made to cater to an individuals needs. So when the american worker gets mad that they're losing jobs but somehow every american in the u.s has access to a smartphone somehow someway it means you don't get it

Building phones in the u.s would be the dumbest thing in the world to do pricing would probably double at least and those companies would still have to compete with chinese phonemakers who may their workers 400$ a month to make phones. no one is working full time at a factory for 400$ a month in the u.s. What would make sense to make a giant change to the infrastructure in the u.s. buy the raw materials and do all the construction here. Transportation is an option, space exploration is an option, we could virtually do anything the problem isn't that the people in power keep all the money its that they have no imagination so they have no clue how to spend it in a meaning full way. All the humans in the united states are housed, there are more empty homes on the market than homeless people. Yet people want to use traditional revitalize the traditional realestate market. That shit is over it is time for the next phase I think its space, and sectioning out the the industry for space exploration across the entire planet would create a bull market like you've never seen. I think the people in power are afraid of it because it would create so much wealth entirely new Empires establish themselves incredibly quickly

Yeah, you know, except for the $500 billion annual trade deficit, $400 billion annual budget deficit, trillions and rising in government and household debt, the real incomes of the lowest quartile falling ~20% since the 1970s, median income peaking in 1999, the elimination of pensions, corporate margins hovering at all-time highs, etc. It's all peaches and sunshine~

>The reason the dollar is the standard is because of the nuclear bomb
I don't know if you mean directly because of the threat it poses, or indirectly due to winning WW2.

Winning WW2 (which would have been possible without nuclear bombs, albeit at a much higher human cost) and the subsequent agreement that countries came to made the US dollar the standard until the agreement collapsed in the 1970s. Since then it's been the standard because of the lack of credible rivals, but the advantages of it being the standard have dwindled to almost nothing.

Though it has worked in the past, forcing your country's consumers and businesses to pay more for a product in the hope of establishing an industry is not a sensible strategy now that countries don't keep technology to themselves.

Yet there is more shit being sold on the planet than ever before, deficits and debt are imaginary.

I haven't completely peiced together how money works, but the story of lending and interest and earning and so on and so forth are just a convinient story that describe how the individual human is trained to seek money. But once you get to the scale of government and corporate spending its really just a mechanism to motivate people to action whether its training to be a soldier, an engineer or a store clerk, or training humans to purchase homes instead of build them.

It wouldn't fly today at all. if iphones doubled in price apple would be reduced to a high end machine clientele and thus defeating the purpose. Apple isn't selling you a phone, they're creating a massive network of humans communicating through devices which they have back end access to, and collecting data on all the information being passed through them. The network of humans who own and use cell phones is a component in some megalithic system humans are building themselves into. Its really not about making money after a certain point

Lack of credible rivals is due to interference

What happens when you gain map and resource control in starcraft... its the exact same dynamic

its expressed way more complexly in human commerce and advancement since you're not just dealing with minerals and gas

Nonsense, deficits and debt will always be paid and if not, there will be fallout. You don't even need to reach that far back to see it to be true: European debt crisis, 2008 financial crisis, etc.

>I haven't completely peiced together how money works
You don't appear to have pieced anything together. It seems like you've been stuck in an echo chamber of your own retardation for some time.

>muh vidya
Ah, okay, I see what's wrong.

>t. Iósif Stalin

How was there fallout from 2008

Debt really just means institutions haven't been finding humans usefull enough to pay them enough money to afford the contracts the institutions offer them

Which is why i say if you run in debt problems it means the financiers are unimaginative

>mfw
Gee, I don't know, something about people losing one of the three necessities to sustain life, millions of lost jobs, bankruptcies left and right, soaring poverty rates at the time, etc.

Totally and completely meaningless drivel.

You can call me a retard if you want but you're probably trapped in the idea that the economy is this complex thing people try to understand so they can make money. The economy is actually the biproduct of people managing all human activity. Those people are an amalagamation of banks governments and now corporations. They way economists talk about and portray the market is useful but it is not an accurate reflection of what actually going on. You can't just pretend money isn't being created like any other product thats on the market. Money is tantamount to doggy treats that institutions use to control and sway human behavior, it is a manufactured commodity that has value amidst a culture of intelligent monkeys who want things from each other.

The Economy has levers and the people pulling the levers know they're doing it but probably don't fully understand how the levers work. You think that interest rates go up because because market conditions and blah bla blah, I think interests rates go up when banks want to push people out of a percentage of the contracts they've put out. Even trends like house flipping are initially established by banks to drive the price up of homes over time. They are even the ones drafting the final instruments that allows people to do it, the financial institutions trained people to flip houses into the real estate crash and then set the standards and the procedures for doing it.

These people are not concerned with making money, they're concerned with managing humans. If you manage humans you tell them how much money they have to give you.

>What if a country doesn't have any significant comparative advantage?

>Do they just go full protectionist? Is that good thing?

Basically the only thing these countries can do is sell labor, invite foreign corporations at a low or no tax rate so at least the people are employed and paying taxes.

It worked for China because at the end of the day they do have a competitive advantage - massive labor pool, decent transportation networks, ports so ultimately they forced the corporates to transfer the tech if they wanted to keep business in China. This allowed them to develop their own high tech industries and break out of being a labor provider.

Smaller countries can't do that and are basically stuck - think Agentina (post 80s), Chile, Ukraine (post 2014) where they've ended up leasing their land and selling as many natural resources as they can. It will take decades for smart people (the ones that choose to remain) to develop their own industries that can compete in the global market.

The basic concept of money has eluded you somehow, so yes, you're pants-on-head retarded. You've replaced any form of rational thought on the topic with meaningless buzzwords and buzzphrases like so:

>Those people are an amalagamation of banks governments and now corporations

Here's the story; I'll try to keep it simple for you:

Money is a medium of exchange which represents a potential claim on someone else's time, effort, or a resource. It creates a benchmark unit for things to be valued and allows people to specialize in specific fields, rather than being forced by necessity to attempt to master all elements needed to sustain life. Money allows the doctor to pursue his profession to its fullest without having to stop regularly to harvest a field, construct his home, or deliver his water; instead, each person who provides those services to the doctor in exchange for money now has a universally acceptable unit in which to command the doctor's services.

Damn shame, most people figure this out at like, 5-6.

Well, China's success is that of protectionism (mostly of the administrative and subsidy variety), not any innate advantage. Same goes for South Korea, Japan, and more recently Vietnam.

Yea but the doctor salary isn't determined by the doctor all these functions have arbitrary values decided by the people who facilitate the tranferance of money between humans. You can talk about the doctor and ignore the conflated process of getting insured licensing cost for school so on and so forth all rates set by institutions

You just don't like idea of living on farm where you're being cultivated but thats the reality and it gives you a far better understand of the modern economic system that just simplifying money to a medium of exchange. Money is not just a means of exchange its a means of motivation and much more

and when you're working with vast quantities of it the rules of how it works changes, the rules change and your relationship to it and the people you're using to motivate with it change. Your perspective of humans is going to be a lot different if you've built an apartment complex than if you work at a restaurant

Just wrong.

They had subsidies for their own government firms, but those didn't go far. Think how far Huawei went, they started with copies of Cisco routers.

China's success is because they hooked corporations on cheap labor and large profit margins, which is like crack to them. Furthermore a decent percentage of people were well educated so you could transfer over technical labour too. Once the first corp had transferred over the operations, others had to follow suit or they would be bankrupted by competition. Only after China gained this leverage, thats when they forced the corps to transfer over the technologies. These dynamics appeared from competitive advantages which were innate to China.

Every mortgage contract is attached to a human, in many cases multiple humans, a couple with children is often the case. Most mortgage contracts represent the stabling feeding and caring of a nuclear family. Thats not the economic perspective but thats the reality. Economics are just the numbers the numbers aren't good enough for actually understanding it. You're looking at a small cross section of the story. If you own an apartment complex and you're paying a mortgage you're essentially managing human housing for a bank. Just like a rancher would stable horses its not different. The only thing thats difference is a humans range of activity. And thats exactly how they look at it

Specifically, an independent physician can set their own rates but whether they make a lot of money or not depends on whether people choose to go to them. Whatever imaginary puppet master you've conjured up is purely a figment of your imagination.

...

How does this get built

Do we humans decide the want to build skyscrappers or do banks finance them because they can predict the population will be larger in 15years

If you don't believe in populations being managed get on an airplane a look out the window. Nothing of siginificance in the human world is created with out financing now a days. And there is design to it. If you can't see that I'll take you calling me a retard as a compliment

Nonsense, China still subjects foreign imports to expensive arbitrary tests and procedures under the pretense of "safety" or similar excuses (as if China were some bastion of high standards) while passing the cost of that onto the importer, will slap tactful tariffs on foreign goods under some arbitrary excuse while dumping the same product on the global market; when complaints are lodged to the WTO they delay as long as possible so their foreign competition goes under and after the WTO finally makes its decision; China reverses their policy but the market is left consolidated in their favor, they subject foreign companies to stricter interpretations of laws and throw arbitrary fines at them fairly regularly (they fined a Dutch company for raising prices before), they'll make minor infractions of Chinese law into national spectacles with their state-owned media if you're a foreign company, etc. It's protectionism through and through, but it's more of a mercantilist, market domination style of protectionism rather than the more common defensive style.

Its not a single puppet master, its a network of puppet masters making decisions and delegating to underlings motivated by money. Its an ant colony bro, and the "queen" is a hive of bankers and servers. take that as a loose metaphor but its accurate

and by servers I mean the computer storing and processing all the financial information.

China makes, thats what they do and you're not really allowed to go into china and take advantage of their huge potential consumer base, thus goods are cheap in china and taxes to get goods in china are high enough to deter lower level entreperneurs from trying to pull money out of the chinese population. Thats what america is for and taxes on imports to the u.s. are very low. There is no reason for tariffs other than limiting and fostering trade in a direction comesmerate with the overall strategy of your country

Truthfully china doesn't need goods from anyone, they have a large enough population to for their workforce to provide good for chinese and for a shit ton of other countries. I was just there actually, I was in a city that was basically a giant warehouse factory and living quarters all rolled into one

A construction company want to build something to sell or rent out so they apply for a permit with the city. Then, if/when approved, they allocate the necessary equity toward the project and finance whatever else they need. The bank looks at the risk of financing it and settles on an interest rate if they believe the project will be successful.

There's nothing wrong with financing whatsoever and the lender, being a non-voting debt holder, has no say in the dealings of the financed endeavor beyond the specific stipulation in the loan (usually just an agreement to maintain collateral if anything at all. Most often it just specifies their position in the capital structure or the procedure if payments aren't made).

The street I was on was comprised of 100s of business that all produces similar goods, some of them the exact same two streets down from each other. With traders from other countries all over the place including myself

Except the banks not looking at risk the bank is deciding which projects are getting financed its little nuances like that change my perspective. You think they need to run numbers, but in actuallity they just need to decide if they want it to happen

and no I'm not saying risk assesment doesn't exist, but that more for small business owners trying to get a loan. think about it if you are sitting on 4000 applications for loans to create new businesses and construction projects, you essentially have a blue print for how that city is going to look in 5 years because you know which loans are getting approved. You're not accounting for the extra information banks have to work with because they are dealing with so many people

You wanna play it like a bank is just a single person doing math on your business plan, but whats really happening is the bank is analyzing all the business plans being submitted to it, and census number data and a shit ton of other stuff Not to mention it knows what industries its supporting.

And the bigger the institution, the more data they are analyzing to make their decisions. You know how todays housing market was created, it was from converting the production mechanisms for war to create a model for housing humans in the united states that would be marketed to americans and replicated across the country. And it was successfull, and financiers came up with the plan to organize humans like this.

Pure delusion. 'The bank' doesn't even view the projects themselves. They just hire an appraiser or assesses the projected cashflow of the endeavor to determine if the risk is acceptable and then approves or disapproves based on that.

Oh, you want to go with even bigger loans huh? Well that's even less concentrated into the hands of any individual lenders; welcome to syndicated lending and bonds (bonds being most common). At this level, you have an investment bank making the initial loan and assessing the risk, then they try to gauge how well the IPO of the bonds will go and if it looks like they can sell the bonds quickly, they'll issue the loan to the borrower and immediately try to sell the bonds to investors -- which range from all people and groups across the nations and even the world. The investment bank gets fees and a nice spread in the process of doing this.

I can literally go to my broker and buy some bonds right now if I wanted to.

Yeah, bullshit.

humans used to build homes without permits, if you need a permit it means you are asking someone for permission. Who are you asking?

With the processing capacity of computers today you really don't think so. You don't think all these numbers are getting crunched by an algorithm

Yeah, in ancient civilization we used to not have permits or equivalents. There were building permit equivalents even in the medieval era.

You're asking permission of city officials to build something within city limits. The point is to avoid conflict and prevent ludicrous things from being built--though that is dependent on the temperament of those in charge.

This is super basic stuff, get your head out of your ass.

I'm not saying the fuckers at your local bank are doing this, I'm saying they're basing the decision to give you the loan or not from a system that is processing this information and then setting rates and qualifications. The people telling you no or yes don't really know why they are or aren't they're just being cut a peice of check to adhere to a peice of code passed down from a centralized system managing the habits of all the connecting branches of a given bank world wide

such a benign appraisal sure there are the protections but what about the abuses.
You can use that same system of regulation to force people build out of controlled materials so you can set the prices of the homes.

Building a house is not rocket science but its a packaged and marketed product and you and a lot of the regulation just forces people to buy standardized homes at market price. The banks currently own most peoples homes

Because the banks are managing the populations

The analysis software lenders use are also connected to the bank's portfolio of loans. On top of verification by a human being and management of the loan process by a loan officer, the concern of the bank is whether they may be taking on too much risk so the system, based on income; credit scores; and other similar factors will see if the bank's balance sheet would change too aversely and whether the loan would meet regulatory requirements. Even if the borrower isn't bad for the loan themselves, it can be bad for the lender which might need to instead focus more on superprime borrowers to shore up risk.

If you don't get the loan, the loan officer does know that it's either because the bank is looking to cut risk or you don't meet the minimum standard of the bank to deal with. It's as simple as that.

The bank has no right to do anything outside of the purview stated in the loan. Moreover, bizarre and unethical stipulations in a loan from a bank are not legal (banks can't inspect a property whenever they want, get free goods from a company they gave a business loan too, etc.).

Depends on the home but if it's being built up to basic standard code, it's a lot more difficult and you need an inspector to come out and inspect. All it takes is that one asshole not building his home up to code, then an electrical fire starts, and the whole neighborhood can go up in flames.

Banks have a lien on most homes, they don't own them. Huge difference. If the lender to my home decided to stop by and tried to enter my home, I'm well within my right to shoot him dead.

Which means the loan officer doens't know anything the software has made a decision and there is language associated with the desicion the lender can tell you. But that money is going somewhere else the loan doesn't know why the loan officer is just informed what to do

The bank doesn't give a shit about your property or whether its up to code if its out of code the state fines you, you still pay your mortgage. The banks not playing tricks on individuals its not even concerned with individuals its concerned with hundreds of thousands of people at a time. These contracts are drafted to issue to millions of humans.

ok if you think owning your home means they need to be able to come visit you you dont understand ithe difference between the world the institutions are running and the world individuals live in. They visit your house every month when they collect your mortgage.

If you decided to stop paying your lender you'ld be out of a home

Loan officers know their system and what would cause a loan to be rejected. After a short time, they can quickly figure out what's going on with the back-end operations if a lot of a particular kind of loan quality are being rejected.

The bank does care; the property is collateral. Why do you think banks won't lend on a home where the roofing is older than a certain number of years?

Oh, not only is the lender not entitled to enter your home, they can't tell you whether or not you can remodel any part of the home or change anything about it.

Yeah, it's called a lien. They don't own the mortgaged property, they hold a lien on it.

Basic stuff...

What is it like, discussing with someone like this?

Your posts are great btw, thank you

what ever dude its all arbitrarily determined rules to have an effect, yes there are minimal protections but chances are if ur remodeling ur house ur borrowing from the bank do it. The loan officer doesn't know anything, he only knows what the programs he's trained to use tell him. Basic shit escapes you and its because you're so commited to accepteing concepts predefined for you that you can't see beyond them. Its just words there is an actual reality that you can interpret a number of ways, you think repeating the definitions you're given makes you smart but it really just make you blind. Your perspective is the very reason the playing field is so skewed in favor of institutions. We all get farmed bro, if you can see it helps you make money. If you wanna pretend the world is a bunch of individuals interacting with each other then go for it.

They own it more to point they own you they own your energy you have to work to pay them to keep your social status that what it is, you've contracted yourself to give up earnings for a socially packaged modality of housing.

If you built the house, you wouldn't owe any effort to anyone to stay in it, people take 30-40 years to build pay off a house. They can be in a built in a month.

Your energy is managed my corporations and banks you are a number in a block of millions of people. Its no different from fishing, you put a worm on the hook and you wait. Someone is hungry, someone wants a wife or a bmw, and the set up the hoops for you to jump through so you can get it. When there is shorter path they just don't make readily available to you. You can build a car, you can build a house, if you can read and do simple math you would be surprised at what you can actually put together thats functional( including your own systems) if you have good instructions, and they're out there. Its just walking the unconventional path seems like more work, but you could learn to build a good house for yourself and build it in waaaay les time that it would take for you pay off mortgage working wagecuck job. the regulations just make so it so its not feasible for you to make the attempt, they want the say over what humans do with their time. I know everyone can't do everything. But dude a lot of people are really being trained to absolutely nothing. That loan officer is just human face who can smile at you or offer sympathy whhen the computer rejects or accepts your loan request.

Watever I'm on track to be liquid for a million with assets to boot in 3 years I'll just keep being a retard

holy fuck this board has gone downhill, is this a freaking /pol/ invasion?