Did you ever wonder why these Chinese products are so cheap, and why they are not produced in Europe anymore? I think you should read up on this! First, the Chinese keep to Yuan artificially at a very low level. This is already unfair, and continues to boost their economy. Second, they subsidize most companies that export into other countries, to aggressively gain market share. Their workers work under poor conditions, and for that reason are cheap Labor (as you probably know, some are even slaves;-). So while you are happy to save a couple of bucks, people in the EU are loosing jobs and factories are closing down. I saw this happening with Japanese cars and electronics in the 70s and 80s. Whole industries disappeared.
As I remember, the Japanese cars, motorcycles and electronics were also miles better than what we produced here in the seventies. If anything it is an example that nothing is unbeatable. The Japanese didn’t kill the automotive industry in Europe. European cars and motorcycles instead got better and more desirable from the 80s on. And the Japanese electronics didn’t take over. Instead, European companies first got better as well, and later outsourced production to Eastern countries like China.
Now that outsourcing is backfiring and European companies are once again challenged.
Awesome, show me a local manufacturer who deals with speciality electronics and sensors and does them €3-4 apiece.
Did you ever wonder why these Chinese products are so cheap, and why they are not produced in Europe anymore? I think you should read up on this! First, the Chinese keep to Yuan artificially at a very low level. This is already unfair, and continues to boost their economy. Second, they subsidize most companies that export into other countries, to aggressively gain market share. Their workers work under poor conditions, and for that reason are cheap Labor (as you probably know, some are even slaves;-). So while you are happy to save a couple of bucks, people in the EU are loosing jobs and factories are closing down. I saw this happening with Japanese cars and electronics in the 70s and 80s. Whole industries disappeared.
As I remember, the Japanese cars, motorcycles and electronics were also miles better than what we produced here in the seventies. If anything it is an example that nothing is unbeatable. The Japanese didn’t kill the automotive industry in Europe. European cars and motorcycles instead got better and more desirable from the 80s on. And the Japanese electronics didn’t take over. Instead, European companies first got better as well, and later outsourced production to Eastern countries like China. Now that outsourcing is backfiring and European companies are once again challenged.
95% of the product palette I use has literally no European alternative. Kinda hard to buy something that doesn’t exist.