I agree but unfortunately not enough Americans actually take the time to listen to something like this and have no time to educate themselves, that goes for the pro Trump camp as well.
Phil Potter is too young. I lived through the decline in manufacturing and the transition from trade surplus to trade deficit. He is correct about Chinese nationalism and how we control money. We are both exploiting and it is the worker who suffers in both nations. Bottom line is the definition of capital is the ability to produce products. We have exported that. It started prior to China though....and TPP will help it continue, with or without China. Prior to Federal income tax, we had taxes on imports. this built our nation. The fact is, without a manufacturing base, a service economy cannot survive. Those jobs are being exported to. We cannot survive by selling each other hamburgers or insurance! Anyone who denies this is not facing reality. Prior to WWII, the stores were filled with cheap imported tin toys from Germany and Japan....
This kid, debating Navarro, is living in some kind of parallel universe! Since this was 8 years ago, we can see, China didn’t fall anytime soon after this debate...quite the contrary
America bowed to China in the name of Greed/Profit, moving all their factories there and to Mexico for various greedy reasons. Levi's jeans are now made in Mexico, as are those famous Peppermint Patties. 😡 Greed is crippling America.
Say goodbye to the middle class. Manufacturing jobs will be low paying, low class jobs, and the current middle class will pay more for American made crap. Lose-Lose.
Wait “manufacturing isnt the way to prosperity. The path forward is not manufacturing ”. Ok so where is the country supposed to get its stuff? And what happens if the countries who are follow the “silly” path of making stuff don’t want to share anymore ?
You can not generate wealth without building something. Why do you think CHINA HAS GROWN to what it is today in the last 30 year’s. Wait till they buy, steal and bully their way into owning 5g,artificial intelligence, high tech manufacturing and it will be too late. I started working at Carrier Corp in 1981 at the age of 19 making a good living with great benefits and by 1985 it was over when room air conditioner ‘s , then compressors and eventually the whole plant left Syracuse to the south, the Midwest and overseas. Globalization has not done this country any good for the working class people. Mr. Potter should travel to our hollow out cities and town’s and see what the real affect’s of factory’s leaving. I think he’s spent most of his adult life in the classroom and doesn’t deserve to be there on the stage with Mr. Navarro.
I found this video because I was searching for Peter Navarro, but ended disappointed in Navarro's over reliance on emotion. While Navarro's "style" detracted from his central points he still formed a compelling argument. It seems that both Phill Potter and Peter Navarro are correct to certain degrees. I wish they could discuss the actual degree to which both plausible arguments are occurring in real life, such as structural which is what phill was arguing or to what degree china is a player.
I commented this like 5 minutes into the video and after watching past the 45 minute mark I actually almost feel bad for the guy. He was getting embarrassed.
Talking about how Chinese government is manipulating the Tibet's demography, that's exactly what white people in west coast did to the Chinese labor during Chinese Exclusion Act. Like Time machine interesting.
navarro's havard degree should be revoked. he is not making much economic sense, he is manipulating data to express his radical political view via economic discussion which should be held objectively. China bought about 800Billion US treasuries during the US 08 recession period, which served as a big external support to the US economy and jobs and financial stability, it also partially gave Federal Reserve a ground to start QE which also played an crucial role in getting the US economy back on track. When you have a foreign central bank pouring that much money to acquire US dollar denoted asset, that country's currency is not going to appreciate by maintaining a trade surplus with US. And if the cheaper Chinese things are so terrible, do this thought experiment, imagine all Chinese imports are free, would that be good or bad? For the same good or service in a transaction, cheaper is always better, that's just the basic economic fact, and wall street has a fancy name for it: synergy. The real solution to US economy is to stop fighting illicit wars that cost trillions of dollars and tens of thousands of american lives. And stop letting the 1% exploiting and abusing the rest of the 99%. When you have a country, its general citizens are deprived of economic opportunities, higher education, affordable health, and sometimes even safety due to gun violence, that country's economy will not do as good comparing with if you solved those issues.
Excellent debating, Navarro's words wakes up sleeping American people
I agree but unfortunately not enough Americans actually take the time to listen to something like this and have no time to educate themselves, that goes for the pro Trump camp as well.
Phil Potter is too young. I lived through the decline in manufacturing and the transition from trade surplus to trade deficit. He is correct about Chinese nationalism and how we control money. We are both exploiting and it is the worker who suffers in both nations. Bottom line is the definition of capital is the ability to produce products. We have exported that. It started prior to China though....and TPP will help it continue, with or without China. Prior to Federal income tax, we had taxes on imports. this built our nation. The fact is, without a manufacturing base, a service economy cannot survive. Those jobs are being exported to. We cannot survive by selling each other hamburgers or insurance! Anyone who denies this is not facing reality. Prior to WWII, the stores were filled with cheap imported tin toys from Germany and Japan....
+Mouse Toad *too
This kid, debating Navarro, is living in some kind of parallel universe! Since this was 8 years ago, we can see, China didn’t fall anytime soon after this debate...quite the contrary
The kid is a hundred times smarter and is lots more honest about reality with China than Navarro.
@@daisyq3418 both of the debaters should have disclosed. Are they profiting from China?
@@daisyq3418 oh boy are you off your nuts!
Potter surrendered to the Chinese in his opening statement.
America bowed to China in the name of Greed/Profit, moving all their factories there and to Mexico for various greedy reasons. Levi's jeans are now made in Mexico, as are those famous Peppermint Patties. 😡 Greed is crippling America.
An excellent, and certainly timely debate. Thank you to all involved. Dr. Navarro, you were excellent!
Say goodbye to the middle class. Manufacturing jobs will be low paying, low class jobs, and the current middle class will pay more for American made crap. Lose-Lose.
Wait “manufacturing isnt the way to prosperity. The path forward is not manufacturing ”. Ok so where is the country supposed to get its stuff? And what happens if the countries who are follow the “silly” path of making stuff don’t want to share anymore ?
You can not generate wealth without building something. Why do you think CHINA HAS GROWN to what it is today in the last 30 year’s. Wait till they buy, steal and bully their way into owning 5g,artificial intelligence, high tech manufacturing and it will be too late. I started working at Carrier Corp in 1981 at the age of 19 making a good living with great benefits and by 1985 it was over when room air conditioner ‘s , then compressors and eventually the whole plant left Syracuse to the south, the Midwest and overseas. Globalization has not done this country any good for the working class people. Mr. Potter should travel to our hollow out cities and town’s and see what the real affect’s of factory’s leaving. I think he’s spent most of his adult life in the classroom and doesn’t deserve to be there on the stage with Mr. Navarro.
I found this video because I was searching for Peter Navarro, but ended disappointed in Navarro's over reliance on emotion. While Navarro's "style" detracted from his central points he still formed a compelling argument. It seems that both Phill Potter and Peter Navarro are correct to certain degrees. I wish they could discuss the actual degree to which both plausible arguments are occurring in real life, such as structural which is what phill was arguing or to what degree china is a player.
Emotion?
He gave facts and figures.
"And next to Peter Navarro in this debate, is Phil Potter who will be arguing for the side of China."
I commented this like 5 minutes into the video and after watching past the 45 minute mark I actually almost feel bad for the guy. He was getting embarrassed.
GOD bless Peter Navarro, Donald Trump and all those who are trying hard to turn the tide wich might put China on the top.
Salutations from Spain.
Millennials always use the word nuance.
Talking about how Chinese government is manipulating the Tibet's demography, that's exactly what white people in west coast did to the Chinese labor during Chinese Exclusion Act. Like Time machine interesting.
GREED is/was the reason.
@1:05:05 Falun Gong buddhism??? Buddhism??
Navarro is certainly a smart guy who knows how to manipulate public consent by inducing fear and moronising american.
china is the biggest bully in asia ... and I am sure it will be much worse superpower than USA :)
👍🏻Best expert of Communist China~👎🏻John K Fairbank,Anna Louise Strong,Agnes Smedley,Edgar Snow....
Let's blame china lol
navarro's havard degree should be revoked. he is not making much economic sense, he is manipulating data to express his radical political view via economic discussion which should be held objectively. China bought about 800Billion US treasuries during the US 08 recession period, which served as a big external support to the US economy and jobs and financial stability, it also partially gave Federal Reserve a ground to start QE which also played an crucial role in getting the US economy back on track. When you have a foreign central bank pouring that much money to acquire US dollar denoted asset, that country's currency is not going to appreciate by maintaining a trade surplus with US. And if the cheaper Chinese things are so terrible, do this thought experiment, imagine all Chinese imports are free, would that be good or bad? For the same good or service in a transaction, cheaper is always better, that's just the basic economic fact, and wall street has a fancy name for it: synergy. The real solution to US economy is to stop fighting illicit wars that cost trillions of dollars and tens of thousands of american lives. And stop letting the 1% exploiting and abusing the rest of the 99%. When you have a country, its general citizens are deprived of economic opportunities, higher education, affordable health, and sometimes even safety due to gun violence, that country's economy will not do as good comparing with if you solved those issues.
totally agree. economic is not politics
Very well said!