125gJoe said:Over time - - this communist country will reap the $$$ we pump into them, - and for what?
China's economic system is no longer communist. It is fast becoming a capitalist system.
But alas, you still misunderstand the point of trade. We are not pumping money into them. For every dollar we send to them, they are sending us a good worth that same amount. There is no loss of US money. We gain from that trade arrangment, otherwise we would have to dedicate our businesses to providing goods that china can provide cheaper. I would far rather have our businesses focus on high tech high paying jobs then try to compete with china making t-shirts. Allowing our businesses to focus on high tech jobs gives us better economic performance, and the potential for better military performance. Look at what we have done lately with robotics, biotech, guidance systems, etc. etc.
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