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Which do you think is better for a US factory worker...
6,000 Chinese with $7 Billion to spend,
or
7 Billion Chinese with $60,000 to spend?
Which do you think is better for a US factory worker...
6,000 Chinese with $7 Billion to spend,
or
7 Billion Chinese with $60,000 to spend?
Same situation we face here in The USA, thanks to our corporate and wealth driven politics.
If the Chinese leadership can pull off a gentle but meaningful loosening of the purse strings of their aristocracy, and do it without damaging too much infrastructure in the process, then kudos. If they can do it before the US congress pulls its collective head out of its short-sighted ass, then they do indeed get to rule the next economy, but right now it's still a toss up.
First major economy to pull it off gets to rule the world.
Exciting times, eh?
the problem for them is not the economics I think its the gov., in that to engage in a truly free wheeling free market economy the totalitarianism of the gov. is going to have to take a back seat.
There will be failures, big ones and there will be successes, the issue is will they sit still for failure or criticism or interrupt or take over, which would just stunt the or muck up the gears of entrepreneurship, oligarchs aren't good at managing blame like democracy's with a higher calling and with no citizenry to answer to, failure or dealing with it, the Chinese ruling elite all have the knifes out for each other, its a dog eat dog and shark eat shark mechansim and will they will use any failure against the higher man on the ladder......
And then of course the biggey comes in, mankind's innate belief that they are entitled to their share of their labor and the rewards/awards that brings, this is NOT a sine qua non of totalitarian gov.
And you can offer no answer to my questions about it to make me UNDERSTAND what you are claiming its REALLY about?
You dont like the implications of your own thread and now are trying to figure a way out of the discussion.
default to personal insult.
Better in what way? If you mean better as in a growing economy than share the wealth. Let the middle class expand. But the problem is that the middle class consumes far more resources for every dollar they earn than billionaires do. As the BRIC nation's general standard of living increases, and the west's general standard declines, resource consumption will go vertical.
And since that isn't sustainable some compromise must be reached in order to hold societies together.
China Promises Sweeping Economic Change - FoxNews.com
Sure, it could be a GOOD thing.....for our grandchildren and great grandchildren.
But webefuct until then.
The Chinese are officially the world's new USA. We better get on board, and fast.
I prefer this China to the China under Mao
China has made tremendous strides in the last ten years. But they are a long way from being the US. They have an economy about the size of ours but have five times the population. They have 600 million peole who are still peasants. No electricity, no water no sanitation.
China needs to make tremendous investments in its infrastructure. They still have a lot of catching up to do
The biggest advantage China has in the race to rule the next economy is the exact same thing as their biggest liability.
The money we owe them.
I truly believe that in the next few years we're going to end up fucking them on that debt, and there won't be a damn thing they can do about it.
When that happens, colonialism will have finally ended and our children will begin their reach for the stars.
I love when I live!
they're like a huge corporation whose leadership is learning the value of all its assets and beginning to work toward a long-term vision.
They're going to be impossible to beat in the race - and we shouldn't try... This is a race where getting everyone to the finish line and passing valuable infrastructure along to momma's next generation of little bastards is truly more important than who in the short term 'wins'.
the problem for them is not the economics I think its the gov., in that to engage in a truly free wheeling free market economy the totalitarianism of the gov. is going to have to take a back seat.
There will be failures, big ones and there will be successes, the issue is will they sit still for failure or criticism or interrupt or take over, which would just stunt the or muck up the gears of entrepreneurship, oligarchs aren't good at managing blame like democracy's with a higher calling and with no citizenry to answer to, failure or dealing with it, the Chinese ruling elite all have the knifes out for each other, its a dog eat dog and shark eat shark mechansim and will they will use any failure against the higher man on the ladder......
And then of course the biggey comes in, mankind's innate belief that they are entitled to their share of their labor and the rewards/awards that brings, this is NOT a sine qua non of totalitarian gov.
My immediate concern is the shift of he world's largest supply economy to, what apparently is being entertained, the world's largest consumer.
That is going to put a lot of countries out of business, and is going to shift entire economies from one sector/objective to the complete opposite side of the spectrum.
This is an opportunity for ALL economies to prosper, but the frightening aspect for me is, if China does indeed shift to services and consumerism, it is also an edict to all economies that if you don't react quickly, efficiently, and wisely, you will be reduced to a bottom feeder.
They are going to cash in the bonds soon enough.
We need to figure out how to start lending THEM money, or find a shark to attach ourselves to.
Yeap we need to fix what we need to fix to make American lives better in the future.
Time to quit saying the wealthy are too vulnerable to help this country grow.
They can withstand a tax hike and if they cant then Chinna will kill them anyway.
Anyone who thinks American corps owe nothing to the American people are sadly mistaken.
They dont get a voice (avalances of money they can spend in our elections) without getting the bill.
China Promises Sweeping Economic Change - FoxNews.com
Sure, it could be a GOOD thing.....for our grandchildren and great grandchildren.
But webefuct until then.
The Chinese are officially the world's new USA. We better get on board, and fast.
Folks in the know are predicting that foreign investments in China's growth will return about 15%/year for the next 5 years.
Explain to me how having BILLIONS more consumers with disposable income on the planet will be bad for nations or corporations who manufacture consumables.
7 Billion people with disposable income is a producers wet dream, and America is a land of proven producers. So is Germany and 1 or 2 other Euro-zoners.
Explain in detail how this is a bad thing.
Which do you think is better for a US factory worker...
6,000 Chinese with $7 Billion to spend,
or
7 Billion Chinese with $60,000 to spend?
Better in what way? If you mean better as in a growing economy than share the wealth. Let the middle class expand. But the problem is that the middle class consumes far more resources for every dollar they earn than billionaires do. As the BRIC nation's general standard of living increases, and the west's general standard declines, resource consumption will go vertical.
And since that isn't sustainable some compromise must be reached in order to hold societies together.
7 Billion Chinese with $60,000 to spend?[/INDENT][/INDENT]
Think about the guy on the slime line in Alaska canning salmon.
Think about the woman who inspects new Ford Trucks before they're shipped.
Think about the Night Auditor at the Marriott in LA.
Think about the couple who run the bar and sandwich shop next to the Honda factory in Ohio.
Now,
Which do you think is better for the US,
6,000 Chinese with $7 Billion each to spend,
or
7 Billion Chinese with $60,000 each to spend?
If the executives and line workers alike at Ford and BMW don't have big, throbbing boners over this, they need to find a new line of work.
that has to be weathered. That is the basis for my "generation of suffering/sacrifice" comments. It won't happen overnight, but the economy that gets that part of the problem solved the fastest will be the winner.
The American people are already suffering.
The right has managed to shift a huge chunk of the wealth to themselves over the last decade or two by controlling our politicians with money.
They have made it easier for corps to enjoy what America has to offer while avoiding any of the costs of doing business in the US.
When will the American CEO care as much about America as the average Joe American?
Oh yeah that right their only reason for existing is profit , maybe we should not be trusting these people to act in America interests then.
Maybe we should exact our care out of them by taxing them at a reasonable level.
Which do you think is better for a US factory worker...
6,000 Chinese with $7 Billion to spend,
or
7 Billion Chinese with $60,000 to spend?
Better in what way? If you mean better as in a growing economy than share the wealth. Let the middle class expand. But the problem is that the middle class consumes far more resources for every dollar they earn than billionaires do. As the BRIC nation's general standard of living increases, and the west's general standard declines, resource consumption will go vertical.
And since that isn't sustainable some compromise must be reached in order to hold societies together.
Back the truck up and
How you would answer the simple question of:
Which do you think is better for a US factory worker...
6,000 Chinese with $7 Billion to spend,
or
7 Billion Chinese with $60,000 to spend?
Think about the guy on the slime line in Alaska canning salmon.
Think about the woman who inspects new Ford Trucks before they're shipped.
Think about the Night Auditor at the Marriott in LA.
Think about the couple who run the bar and sandwich shop next to the Honda factory in Ohio.
Now,
Which do you think is better for the US,
6,000 Chinese with $7 Billion each to spend,
or
7 Billion Chinese with $60,000 each to spend?
If the executives and line workers alike at Ford and BMW don't have big, throbbing boners over this, they need to find a new line of work.
(Speaking strictly from a US perspective)
Manufacturing in the US has increasingly moved outside the country, primarily driven by the cost of labor. While corporations will obviously adapt as quickly as possible to fill demand, the labor employed will remain heavily outside the borders, while the profits come rolling in. It is logical that a good portion of those profits will be reinvested in increased production. But where?
We've got to figure out how to make that production happen HERE, which is not the trend of late, in order to capitalize most efficiently. Same for the Germans.
