In China, Capitalism is Being Consolidated, Not Socialism
China has a command economy similar to those the US resorted to during WWI and WWII. It is a single party authoritarian state that will likely harness the wealth-generating ability of capitalism more effectively than any other empire in the last five hundred years, imho.
If Red China is as conservative as you allege, George, why pray tell is the American Left Wing supporting them so rabidly in the current trade dispute we are having with them?
Why did they play ball and give a cabal headed by Ultraliberal Scion Hunter Biden a billion and a half dollars?Neither Hunter nor Joe comes close to qualifying as an "Ultraliberal."
Bernie is the closest contender to that title, and he's closer in most of his views to FDR than Chomsky (who is a genuine radical thinker)
Hunter and Joe are corrupt with the former looking like a crony capitalist and the latter a long term enabler of crony capitalists. Neither Biden nor Trump, a crony capitalist who cut out the middleman, has the moral qualifications to serve as POTUS.
https://nypost.com/2019/10/10/6-facts-about-hunter-bidens-business-dealings-in-china/
"Despite his relative lack of private equity experience, Hunter landed a prominent role with the new company.
"Under the terms of the original deal, Rosemont Seneca, Hunter’s firm, shared a 30% stake in BHR with the Thornton Group, which was run by James Bulger, the son of longtime Massachusetts state Senate President Billy Bulger.
"Hunter and Bulger joined the board, along with Devon Archer, Hunter’s longtime business partner.
"Archer would also serve as vice chairman of the fund’s investment committee.
"The value of these partnerships to BHR is clear. Its own website boasts: 'BHR, with its unique mixed ownership, combines the resources and platforms of China’s largest financial institutions … and the networks and know-how of our U.S.-based investment fund and advisory firm shareholders.'"
Of course, Sleepy Joe is an ultraliberal. Mr. Biden slavish devotion to leftwing ideas like Gay Marriage and Abortion shows exactly where he is coming from. He spent 8 long years kissing Obama's ass, that's undisputed.
During the 2008 campaign, Obama and Biden were both senators and both were in the top 3 as far as most liberal
Gay marriage and abortion are wedge issues rich elites use to divide the vast majority of voters. Obama, Biden, Clinton, etc, etc, are corporate tools whose sole concern is making the rich even richer. As bad as that is for most Americans, Republicans don't have any candidates like Warren and Sanders that are talking about re-regulating "free" market capitalism,
In China, Capitalism is Being Consolidated, Not Socialism
China has a command economy similar to those the US resorted to during WWI and WWII. It is a single party authoritarian state that will likely harness the wealth-generating ability of capitalism more effectively than any other empire in the last five hundred years, imho.
If Red China is as conservative as you allege, George, why pray tell is the American Left Wing supporting them so rabidly in the current trade dispute we are having with them?
Why did they play ball and give a cabal headed by Ultraliberal Scion Hunter Biden a billion and a half dollars?Neither Hunter nor Joe comes close to qualifying as an "Ultraliberal."
Bernie is the closest contender to that title, and he's closer in most of his views to FDR than Chomsky (who is a genuine radical thinker)
Hunter and Joe are corrupt with the former looking like a crony capitalist and the latter a long term enabler of crony capitalists. Neither Biden nor Trump, a crony capitalist who cut out the middleman, has the moral qualifications to serve as POTUS.
https://nypost.com/2019/10/10/6-facts-about-hunter-bidens-business-dealings-in-china/
"Despite his relative lack of private equity experience, Hunter landed a prominent role with the new company.
"Under the terms of the original deal, Rosemont Seneca, Hunter’s firm, shared a 30% stake in BHR with the Thornton Group, which was run by James Bulger, the son of longtime Massachusetts state Senate President Billy Bulger.
"Hunter and Bulger joined the board, along with Devon Archer, Hunter’s longtime business partner.
"Archer would also serve as vice chairman of the fund’s investment committee.
"The value of these partnerships to BHR is clear. Its own website boasts: 'BHR, with its unique mixed ownership, combines the resources and platforms of China’s largest financial institutions … and the networks and know-how of our U.S.-based investment fund and advisory firm shareholders.'"
Of course, Sleepy Joe is an ultraliberal. Mr. Biden slavish devotion to leftwing ideas like Gay Marriage and Abortion shows exactly where he is coming from. He spent 8 long years kissing Obama's ass, that's undisputed.
During the 2008 campaign, Obama and Biden were both senators and both were in the top 3 as far as most liberal
There are only two liberals in the (reactionary) US Senate
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You're not qualified to make that judgement
In China, Capitalism is Being Consolidated, Not Socialism
China has a command economy similar to those the US resorted to during WWI and WWII. It is a single party authoritarian state that will likely harness the wealth-generating ability of capitalism more effectively than any other empire in the last five hundred years, imho.
If Red China is as conservative as you allege, George, why pray tell is the American Left Wing supporting them so rabidly in the current trade dispute we are having with them?
Why did they play ball and give a cabal headed by Ultraliberal Scion Hunter Biden a billion and a half dollars?Neither Hunter nor Joe comes close to qualifying as an "Ultraliberal."
Bernie is the closest contender to that title, and he's closer in most of his views to FDR than Chomsky (who is a genuine radical thinker)
Hunter and Joe are corrupt with the former looking like a crony capitalist and the latter a long term enabler of crony capitalists. Neither Biden nor Trump, a crony capitalist who cut out the middleman, has the moral qualifications to serve as POTUS.
https://nypost.com/2019/10/10/6-facts-about-hunter-bidens-business-dealings-in-china/
"Despite his relative lack of private equity experience, Hunter landed a prominent role with the new company.
"Under the terms of the original deal, Rosemont Seneca, Hunter’s firm, shared a 30% stake in BHR with the Thornton Group, which was run by James Bulger, the son of longtime Massachusetts state Senate President Billy Bulger.
"Hunter and Bulger joined the board, along with Devon Archer, Hunter’s longtime business partner.
"Archer would also serve as vice chairman of the fund’s investment committee.
"The value of these partnerships to BHR is clear. Its own website boasts: 'BHR, with its unique mixed ownership, combines the resources and platforms of China’s largest financial institutions … and the networks and know-how of our U.S.-based investment fund and advisory firm shareholders.'"
Of course, Sleepy Joe is an ultraliberal. Mr. Biden slavish devotion to leftwing ideas like Gay Marriage and Abortion shows exactly where he is coming from. He spent 8 long years kissing Obama's ass, that's undisputed.
During the 2008 campaign, Obama and Biden were both senators and both were in the top 3 as far as most liberalThere are only two liberals in the (reactionary) US Senate
You're not qualified to make that judgement
In China, Capitalism is Being Consolidated, Not Socialism
China has a command economy similar to those the US resorted to during WWI and WWII. It is a single party authoritarian state that will likely harness the wealth-generating ability of capitalism more effectively than any other empire in the last five hundred years, imho.
If Red China is as conservative as you allege, George, why pray tell is the American Left Wing supporting them so rabidly in the current trade dispute we are having with them?
Why did they play ball and give a cabal headed by Ultraliberal Scion Hunter Biden a billion and a half dollars?Neither Hunter nor Joe comes close to qualifying as an "Ultraliberal."
Bernie is the closest contender to that title, and he's closer in most of his views to FDR than Chomsky (who is a genuine radical thinker)
Hunter and Joe are corrupt with the former looking like a crony capitalist and the latter a long term enabler of crony capitalists. Neither Biden nor Trump, a crony capitalist who cut out the middleman, has the moral qualifications to serve as POTUS.
https://nypost.com/2019/10/10/6-facts-about-hunter-bidens-business-dealings-in-china/
"Despite his relative lack of private equity experience, Hunter landed a prominent role with the new company.
"Under the terms of the original deal, Rosemont Seneca, Hunter’s firm, shared a 30% stake in BHR with the Thornton Group, which was run by James Bulger, the son of longtime Massachusetts state Senate President Billy Bulger.
"Hunter and Bulger joined the board, along with Devon Archer, Hunter’s longtime business partner.
"Archer would also serve as vice chairman of the fund’s investment committee.
"The value of these partnerships to BHR is clear. Its own website boasts: 'BHR, with its unique mixed ownership, combines the resources and platforms of China’s largest financial institutions … and the networks and know-how of our U.S.-based investment fund and advisory firm shareholders.'"
Of course, Sleepy Joe is an ultraliberal. Mr. Biden slavish devotion to leftwing ideas like Gay Marriage and Abortion shows exactly where he is coming from. He spent 8 long years kissing Obama's ass, that's undisputed.
During the 2008 campaign, Obama and Biden were both senators and both were in the top 3 as far as most liberalThere are only two liberals in the (reactionary) US Senate
For the past thirty years, China's economy has surged because of massive government spending. The government owns strategically important companies that dominate their industries. When hard times hit, the command economy the Chinese version of capitalism functions within will pivot to high priority projects just as the US did at the outset of WWII. As their cost of living rises, they will lose some of their comparative advantage, but they might respond more flexibly to those changes.
In China, Capitalism is Being Consolidated, Not Socialism
China has a command economy similar to those the US resorted to during WWI and WWII. It is a single party authoritarian state that will likely harness the wealth-generating ability of capitalism more effectively than any other empire in the last five hundred years, imho.
China is being fed by massive trade surpluses.
Once that ends, and at some point it will, for one reason or another, their bubble will burst.
MAYBE they will have built up enough internal demand to survive.
But they are doing nothing clever. It does not take a genius to take advantage of a fool.
So, the massive flow of jobs and wealth into the nation, due to the massive, record breaking trade surpluses,
to you, that is a non factor, and it is government spending that creates wealth?
Government spending creates the infrastructure like roads, schools, courts, and public utilities that lower the cost of living and doing business, especially when an economy is functioning in the high-growth stage of capitalism.
For the past thirty years, China's economy has surged because of massive government spending. The government owns strategically important companies that dominate their industries. When hard times hit, the command economy the Chinese version of capitalism functions within will pivot to high priority projects just as the US did at the outset of WWII. As their cost of living rises, they will lose some of their comparative advantage, but they might respond more flexibly to those changes.
In China, Capitalism is Being Consolidated, Not Socialism
China has a command economy similar to those the US resorted to during WWI and WWII. It is a single party authoritarian state that will likely harness the wealth-generating ability of capitalism more effectively than any other empire in the last five hundred years, imho.
China is being fed by massive trade surpluses.
Once that ends, and at some point it will, for one reason or another, their bubble will burst.
MAYBE they will have built up enough internal demand to survive.
But they are doing nothing clever. It does not take a genius to take advantage of a fool.
So, the massive flow of jobs and wealth into the nation, due to the massive, record breaking trade surpluses,
to you, that is a non factor, and it is government spending that creates wealth?Government spending creates the infrastructure like roads, schools, courts, and public utilities that lower the cost of living and doing business, especially when an economy is functioning in the high-growth stage of capitalism.
Tollbooth Trump | Michael Hudson
"America’s first professor of economics at the first business school – Simon Patten, at the University of Pennsylvania’s Wharton School – said that public infrastructure is a fourth factor of production.
"But it’s not like labor, land, and capital, because the role of public infrastructure is not to make a profit.
"It’s role is to provide public services that are basic for the economy’s living standards and capacity to produce, and to provide these at a subsidized rate.
"That’s how America got rich and came to dominate the world industrial economy: by publicly subsidizing its basic costs: Low-cost roads, and low-cost other infrastructure.
"The government bore these costs so that public infrastructure would subsidize the economy to lower the cost of doing business."
I was talking to two millennials at work. They support single payer as well as free college. So I went to a different department where there are also younger employees. They support the same socialist policies.
The country will never go Democrat because Dems made a bad demographic bet. They think cheap labor will always be a good thing for the corporate elites which are the real power brokers in their party. When AI comes out that is cheaper than black market labor their reason for illegal immigration and abuse of the various visa programs will end, as will the demographic growth of cheap labor.
In China, Capitalism is Being Consolidated, Not Socialism
China has a command economy similar to those the US resorted to during WWI and WWII. It is a single party authoritarian state that will likely harness the wealth-generating ability of capitalism more effectively than any other empire in the last five hundred years, imho.
Wish that were true, but Bernie Sanders, Elizabeth Warren, and millions of other life long Commies
In China, Capitalism is Being Consolidated, Not Socialism
China has a command economy similar to those the US resorted to during WWI and WWII. It is a single party authoritarian state that will likely harness the wealth-generating ability of capitalism more effectively than any other empire in the last five hundred years, imho.
Maybe you missed it, but all those controls in World War 2 resulted in a massive economic decline. By any rational measure, the standard of living in the US, declined under government control.
I don't think there was any economic decline during WWII; however, there was a decline in the standard of living during the war years. That changed dramatically when conflict ended:
In China, Capitalism is Being Consolidated, Not Socialism
China has a command economy similar to those the US resorted to during WWI and WWII. It is a single party authoritarian state that will likely harness the wealth-generating ability of capitalism more effectively than any other empire in the last five hundred years, imho.
Maybe you missed it, but all those controls in World War 2 resulted in a massive economic decline. By any rational measure, the standard of living in the US, declined under government control.I don't think there was any economic decline during WWII; however, there was a decline in the standard of living during the war years. That changed dramatically when conflict ended:
https://www.quora.com/At-the-end-of...-better-economy-the-United-States-or-the-USSR
"The war’s effects were varied and far-reaching.
"The war decisively ended the depression itself.
"The federal government emerged from the war as a potent economic actor, able to regulate economic activity and to partially control the economy through spending and consumption.
"American industry was revitalized by the war, and many sectors were by 1945 either sharply oriented to defense production (for example, aerospace and electronics) or completely dependent on it (atomic energy).
"The organized labor movement, strengthened by the war beyond even its depression-era height, became a major counterbalance to both the government and private industry.
"The war’s rapid scientific and technological changes continued and intensified trends begun during the Great Depression and created a permanent expectation of continued innovation on the part of many scientists, engineers, government officials and citizens.
"Similarly, the substantial increases in personal income and frequently, if not always, in quality of life during the war led many Americans to foresee permanent improvements to their material circumstances, even as others feared a postwar return of the depression.
"Finally, the war’s global scale severely damaged every major economy in the world except for the United States, which thus enjoyed unprecedented economic and political power after 1945."
We could derive a similar benefit today with a Green New Deal jobs program without destroying Europe and Japan; although, it is highly unlikely any parasite would get rich from such an effort.
The American Economy during World War II
Economy aside, there's the pesky way they deal with those who cry out for Democracy...…..Tiananmen Square where non-violent students were gunned down. Hong Kong where thousands of people only want what little Democracy they have left....being shot and beaten. Taiwan where they have their own government, want to keep it that way and are constantly under threat from China. China's Uighur's say they can't talk freely because there are government sympathizers that would report them.
In China, Capitalism is Being Consolidated, Not Socialism
China has a command economy similar to those the US resorted to during WWI and WWII. It is a single party authoritarian state that will likely harness the wealth-generating ability of capitalism more effectively than any other empire in the last five hundred years, imho.
In China, Capitalism is Being Consolidated, Not Socialism
China has a command economy similar to those the US resorted to during WWI and WWII. It is a single party authoritarian state that will likely harness the wealth-generating ability of capitalism more effectively than any other empire in the last five hundred years, imho.
Maybe you missed it, but all those controls in World War 2 resulted in a massive economic decline. By any rational measure, the standard of living in the US, declined under government control.I don't think there was any economic decline during WWII; however, there was a decline in the standard of living during the war years. That changed dramatically when conflict ended:
https://www.quora.com/At-the-end-of...-better-economy-the-United-States-or-the-USSR
"The war’s effects were varied and far-reaching.
"The war decisively ended the depression itself.
"The federal government emerged from the war as a potent economic actor, able to regulate economic activity and to partially control the economy through spending and consumption.
"American industry was revitalized by the war, and many sectors were by 1945 either sharply oriented to defense production (for example, aerospace and electronics) or completely dependent on it (atomic energy).
"The organized labor movement, strengthened by the war beyond even its depression-era height, became a major counterbalance to both the government and private industry.
"The war’s rapid scientific and technological changes continued and intensified trends begun during the Great Depression and created a permanent expectation of continued innovation on the part of many scientists, engineers, government officials and citizens.
"Similarly, the substantial increases in personal income and frequently, if not always, in quality of life during the war led many Americans to foresee permanent improvements to their material circumstances, even as others feared a postwar return of the depression.
"Finally, the war’s global scale severely damaged every major economy in the world except for the United States, which thus enjoyed unprecedented economic and political power after 1945."
We could derive a similar benefit today with a Green New Deal jobs program without destroying Europe and Japan; although, it is highly unlikely any parasite would get rich from such an effort.
The American Economy during World War II
Well..... yeah.... The US's share of world GDP would go up during World War 2, because Europe was destroying itself.
If you and I are making $1,000 worth of product. And you cut off your hand, and start making $500 worth of product, while I get into a fight with the next door neighbors, and make $0 worth of product.....
Your share of GDP is going to be 100%, between the two of us, even though the amount of GDP you produced declined.
Moreover, say that you work super hard, and make a prosthetic hand, and your production goes back up to $1,000, and I stop fighting with my neighbors, and start producing $1,000 again.
Your share of GDP would decline to 50%, even though you doubled your production.
Looking at US's share of GDP is ridiculous. Looking at share of GDP when other nations are at war, is a garbage statistic. Even if our economic policies were the worst in the worlds, we would still have a larger share of world GDP simply because our manufacturing plants and cities were not being bombed.
The war decisively ended the depression itself.
I disagree with that claim. Ask the person who wrote that, on what basis they claim the war ended the depression? There is only one data point that people use to claim the war ended the Depression. Just one statistical number they use to justify that statement.
Unemployment.
Well there is a huge problem with that number. The US government rounded up 12 Million men, and ship them over seas, in a nation of only 130 million people..... hey, ya think unemployment might drop?
How about we just make unemployment illegal, and round up millions of people, and draft them into the military, if you think that's a way to solve economic decline?
On top of that, you had hundreds of people making tanks and guns for the military. Now you might think that's a positive for the economy, but it isn't. Tanks do not improve the lives of average Americans. The people of this country were living under strict austerity. Rationed meat, rationed eggs, rationed clothes, rationed everything. People couldn't buy cars, because all the auto plants, were building military gear.
Let me ask you a question, what is the point of ending a depression or recession? Isn't the whole point to improve the standard of living of the people?
Do we end depressions, and economic recessions, just so you can have graph with a number on it?
No, of course not. The point is to improve the lives of the people. Did that happen? No, during WW2 the standard of living FELL. People had less material wealth.
Even when the war was over, we had a huge housing crisis in the US. How is that even possible? We lost half a million people in war, and when they came back home, there was a massive housing shortage.
It was because of price controls, and government regulation. As soon as government repealed all their command and control regulations, the housing shortage disappeared. Just like how wages started to float again, and prosperity returned to the US.
How about GDP?
