Individuals under globalization and automation

Nelda 2022-01-18 08:01:11

Since the global debt explosion in 2008, until now, the economy has not actually been restored. The main reason is that the debt has not actually been cleared. Central banks of various countries have successively released water, purchased assets, inflated balance sheets, and kept interest rates low. China began to continue to be in debt in 2008, and because of interest rate differentials, it has attracted the entry of funds from all walks of life. This not only brought bubbles, but also pushed Chinese companies onto the world stage.

I don't want to say who is right and who is wrong in the United States and China, because no one can resemble this kind of historical process. During the Opium War, did China think that it suddenly fell behind? Will you know the power of the industrial revolution? No one thought of it.

Just like the current debt bubble, globalization under the debt bubble, and automation under the continuation of the information revolution in the future.

While countries are scrambling to push interest rates to negative interest rates, the real economy has not developed in a good direction. On the contrary, the rate of return on assets continues to rise, eroding the rate of return of the entity. This was originally a business cycle problem, but Yang's mother used various expansion methods to lengthen this time a lot, so that the entity's rate of return has been unable to rise. If the rate of return cannot go up, the first to be injured is the people at the bottom. The various costs of rent insurance have been rising, but wages have not changed, making life more and more difficult to afford. The useful assets and those who use them in debt to own assets will continue to eat the blood of the poor because of the income of the recipient’s assets.

In the eyes of Americans, Fuyao's Chinese do not have any right to safety, nor do they have the right to speak. In the eyes of Chinese people, Americans are lazy and demanding. But is this the essential reason? The real rate of return is so low by capital and competition, can Americans choose not to do it? Can China choose not to reduce costs to compete? The problem of survival cannot be solved by rights and the right to speak. It is not so much a question of values, it is better to say that this is a post-QE era, a post-QE era, a globalized social division of labor under the interest rate differential.

From 2008 to 2015, there can be more than a dozen points when the spread between China and the United States is large. In the past 7 years, U.S. stocks have risen more than 8 times, and the housing market has soared n times. But how much has the wages of people who are entities have risen?

A farmer who has cultivated his fields for a lifetime and then became poor because of the low prices of agricultural products. Is this really the farmer's fault?

Documentaries everywhere talk about Fuyao’s insecurity, non-standards, no human rights, and disintegration of trade unions. In fact, I can't stand it a bit. First, this is a cliché. When it comes to China, the first thing to talk about will always be these issues. If there is no new idea, then forget it. The problem is that it does not solve the problem. This is a child labor-like problem. It seems that if you don’t see child labor right now, it’s progress, but you don’t see that child labor in some poor places is good for the locals. Second, this kind of moral high ground everyone can say, safety is indeed important, but what exactly are the risks after the death of a company? No one has ever said that, for example, there are a lot of regulations on electrical appliances in Europe. Those who open factories or those who do overseas will find this very problematic. The cost of opening a mold is not low. Because of the regulatory issues, it is still After a lot of specifications, the cost of a product trial and error is very high. But the question is, how many people are killed or disabled under this risk? Assuming that it can bring 1 billion in revenue to the market, and then disable one person, is this appropriate or not? Or, in order not to harm a single person, the entire society has to pay a potential 1 billion yuan for this?

These issues will not be discussed in the documentary, nor will the trade unions. Everyone speaks from their own standpoint. For example, the lady who was laid off, living in the basement, did not realize what her risk was and whether she could bear the risk, and appealed to the union for the so-called moral high ground. But the question is, who is responsible for the cost of establishing a union? Are the risks of these union federations consistent with those of these workers?

Capital is profit-seeking. Under globalization, wherever there is room for arbitrage, capital will go. These security unions are too high, leading to increased costs and increased risks, and capital is moved to low-cost places. As a worker, if you do not see this trend, and the risk of asymmetrical in this situation, you are simply looking for death on your own. For example, the congressman, what he said, does he need to bear the risk of unemployment by himself? unnecessary. But what about these workers? need. Did the politicians who offered to accept refugees accept the risks? But what about ordinary people?

The documentary finally talked about automation. I can only say that there is no problem with automation itself, but the speed and depth of the popularization of automation are problematic. Excessive popularity will make it more difficult for unemployed people to find jobs with matching skills, leading to longer-term unemployment. What can a person who has done glass testing for a lifetime do after losing his job? Once the depth of automation is deep enough, it is no longer something that a few booklets can solve if you want to train to have such in-depth knowledge.

For individuals, we must learn how to fight fragility. That is to learn to grow in volatility, rather than fixed on a certain job. The workers in the film made no mistakes, but the society is developed. When you are young, you don't take risks to gain greater benefits and power. When you are old, you can't do more work. There is no way to discover opportunities if you don't try side jobs or make small mistakes at work. If you want to have money to collect, but don't want to take risks, then the biggest risk is yourself. Modern society has become prosperous, but it has only been 100 years. These 100 years have given many people the illusion that this abundance will continue, and it also gives many people a wrong feeling that unemployment will not last, hunger will not come, and a day will pass. It’s okay. The same goes for the workers in this film. There is so-called career development in this factory, but what about the management? An industry always has a cycle, and may even die out. What needs to be done is how to deal with it, otherwise no one will be responsible for your life in old age.

Never hang on a tree. The process of society will not be shifted by personal will. If you watch this film and follow the trend to criticize capitalism and exploitation, I can only say that you have not realized the risks that you may face. For an individual, no matter what kind of doctrine it is or who is being exploited, this is a certain thing and there is no way to resist, but how to face these risks is a matter of choice. For example, suppose you worked as a highway toll collector when you were young and later replaced by automation. What should you do when you are young? Resignation is not the best choice, but choosing to run your own business at extra time, such as Taobao, writing, taking various courses and attending various class gatherings to see if there is a chance to do something together, is the best choice. Not only can there be a stable income, but also a source of risky income. But most people certainly don't think so. They will complain about the boring job, and complain that they have been damaged by work after returning home without exercising, and then go home and have nothing to do to watch TV, eat, drink, and play games. But, will the automated process take care of you? What did the workers in the film do when they went home under such good working conditions as GM Ford? Oh, work life balance, work life balance, the biggest lie in the world, for turkeys, before Christmas, their lives are also work life balance.

The downside of this documentary is that it only confines things between American workers and Fuyao, and does not enlarge the perspective to the whole world. Security is not a problem, but if you don’t take into account the problems that have occurred around the world in the past n years, it is too limited. In the past n years, the European debt crisis, Brexit, the Japaneseization of the European Central Bank, the aging of advanced societies, the US health insurance bill and the election of Trump have all had a very profound impact on the world structure, and these have affected social resources and The documentary does not mention a single issue of efficiency distribution.

Just talk about the US Medical Insurance Act. How many companies have been destroyed and how many insurance companies have been fattened by this thing, and what impact has it had on workers? Not to mention, because the film was produced in the Obama series, naturally I would not talk about my own problems. If there is a problem, it must be someone else's problem.

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The dividing line here is to clarify some things.

1. Some people think that the actions in the film are unique to the Chinese. I want to say, you are too naive, the world is as dark as crows, and foreign law firms have made these things even more powerful than domestic ones. Link: https://www.zhihu.com/question/342016897/answer/803681602

2. Some people think that this is caused by China's cheating in the United States. Then other countries can do it without doing this kind of thing. I want to say, you are too bad. Specifically, you can search for various copycat American things in Japan from the 1950s to the 90s, and the impact of factory culture on the United States.

The reason why I don't talk about these is because these talks are meaningless. Doctrine is false, but interest is real.

To say a few more words, we can't shake the giant wheel of history, and also the production relations. Rather than criticizing these, it is better to change the way of life. People are very small in the face of history. The cycle of history will always go back and forth between various financial growth and collapse. It is the most important thing to live in the year of collapse. Identifying various risks and then making your own optimal decision is the main thrust of my article. If you think that this film is used to criticize values, then various events in history are basically the repetition of this film, which is enough for us to criticize for a lifetime. But it's useless. It takes time to change history. Even if it goes for the better, it will take decades. After a few decades, life is almost over.

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The problems caused by inequality after 10 years of QE have begun to show up in the recent series of riots. Everyone, you will soon see the turkey effect I am talking about. If you just talk about unfairness, you will soon discover that this thing cannot be controlled by you, and it has nothing to do with any doctrine.

Many problems in history are financial problems, and most of the financial problems are debt problems. The debt itself is a distribution problem, and the distribution problem is a problem of technological development. What the final outcome will be, wait and see.

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Extended Reading
  • Uriel 2022-03-25 09:01:19

    It turns out that the protagonist is Fuyao Glass, whose marketing "has risen by 200 times and is seriously undervalued"! As a small shareholder, I am fortunate to have a small dividend when it goes up, so when I look at it, I hope that their cross-cultural attempt will find a way out. Americans "hold guns" for the Chinese, and the Chinese secretly say "they are lazy", but they are also "We Are One"... Dayton people who clock in like a walking dead but can't get back to their middle-class life, two o'clock Fuqing people who work on the front line and two shifts, the most vulnerable are the workers, who are honest people.

  • Renee 2022-03-26 09:01:12

    This is another documentary in which audiences with different viewpoints and positions can see different content. Still, it's worth a visit by all. In any case, you have to admit that the Chinese model, or the so-called Chinese miracle, comes with a huge price. Chinese companies and entrepreneurs have a much longer journey to truly go international than they think, especially when those scenes filmed in China did not make you feel extremely embarrassed or even restless. Because that requires not only a completely renewed understanding of the world and human nature itself, but also a change in thinking mode. Taking a step back and looking at it, even if the dilemma brought by globalization will one day disappear in an era dominated by artificial intelligence, we may still have to go back to the starting point and ask the most fundamental question. : What kind of life is the life we ​​really want?

American Factory quotes

  • Himself - Fuyao Safety Director: Everybody at every level will say that we really, really want to be safe. But safety doesn't pay the bills.