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China - The Mother of All Black Swans
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So, what else is new. Get with the program man. Wolves eat dogs.
"So, what else is new." - Nothing.
"Get with the program man." - What program?
"Wolves eat dogs." - Really?
Yeah, Leo, we noticed that you are a true believer. You'd get along fine with the central committee. You belong on CNBC, not here.
Alright, read all your rants this morning as I sipped my coffee. Do you really think China would have achieved half of what it's achieved so far if it had American style "democracy"? No chance. Also, don't forget that while America publicly deplores China's human rights record, privately they are all business. For years, Fortune 500 companies and American consumers benefited from cheap Chinese labor. And now all you red, white and blue Americans are pooing on China. How hypocritical!
I told you this many times, there is no China & America, it's called Chimerica. Whether you like it or not, you're tied to the hip, so be careful for what you wish for...
Our so-called democracy is not. It is not even a republic.
It is an oligarchy masquerading as a demoractic republic, run by 41,000 lobbyists and a gazillion lawyers who write the laws, skirt the very same laws, and generally make for a totalitarian government too.
It's just that our totalitarians hide behind the curtain.
Even if the deomcratic republic were full-blown in this country nothing much would get done because the population is too diverse. The disUnited States is in the end ungovernable. That is why a few at the top can easily manipulate the wealth produced by the many and gather it mostly to themselves.
The Chinese are kicking our asses because WE GAVE THEM every single piece of technology we owned. I say, let 'em overheat!
Kala re Leonida twra katalava yiati les afta pou les. Mas poulas trela!
poo poo and pee pee
muahaha...Yea Leo freedom is always trumped by slavery. Holy smokes and they let you write articles here? That is hilarious.
And yes I know we are starting to imitate slaves ourselves...but we aren't yet to the Chinese stature yet.
Freedom doesn't mean much when a handful control the media, the banks, and pretty much everything else you need to survive. I am no communist and China's human rights record is deplorable, but the fact remains that in a country like China, communism has helped, not hindered their economic boom.
Freedom means much less when there is no such thing as contract law, property law, tort law, tort reform, trial by jury, nominally independent bureacracy, a middle class, greater access to upward mobility, civil rights, a Bill of Rights, an much more indepenedent judicary and the ability to use Google
Next...mercantialism, not intelectual property law, piracy of every kind, currency manipulation and a banking system whose collateral is the Communist Party has helped...and so has American optimism, naivete and tolerance of a poorer nation committed to economic warfare for too long.
The willingness to exploit their own people while wrecking their public health, environment and arable land and aquifers and minorities has helped as well.
Any other moral equivalency arguments you wish to make?
America: Far short of its ideals
China: Does not care about ideals
Sorry...that list makes one current nation not only different...but also better. Flawed...yes very much so...but only a fool could not distinguish one from the other
America has much lower class mobility than China. China also has the largest middle class in the world. China has something akin to a Bill of Rights. And yes they have all those laws. Seems like you're just making stuff up based on something you saw on TV.
A) Prove China has greater mobility. Especially show how this is true when you take out the gdp growth factor...so you can compare apples to apples on the degree the society is open to upward mobility without a strong tail wind.
Try making the comparison across one whole generation or two (which is how it has to be done) in other words across 80- 100 years (tweo working lifetimes of two successive geenrations) instead of ten years (which is mistaking the high tides raises all boats gdp phenomenon with a longer term social phenomenon)
B) Statistically describe the middle class in China versus the US as a percentage basis and describe the deviation around the mean.
C) Demonstrate the consistency and inconsistency of Chinese application of law. Ask the Chinese outside the Party what they would say. Read what their legal scholars say about it.
Great that you are past watching Tv. Thats the starting point son. Try graduating. Thanks for playing.
In sum, the leaders have played a very bad set of cards left over from 1950 to begin with and did well. Now they still have a less worse, but still a bad set of cards.
The US had a great set of cards circa 1950 and had historically world record bad terrible leadership for the next 60 years. Now the US has a bad set of cards but a better deck than the Chinese.
So I would say it depends on the political leadership of both countries over the next century.
Leo you beclown yourself and this site when you utter stupidities like...
that in a country like China, communism has helped, not hindered their economic boom.
Tell me Leo, do you think the Chinese are just too fucking stupid to be allowed the freedom of choice? Is that what it is???
You are a clown and the idea that you believe the Chinese government's statistics makes you even more of a clown and worse actually believe that the Chinese people cannot be trusted with their freedom is...hell I don't have a word for it. And because this site allows you to post your inane drivel as analysis they beclown themselves, and that is a crying damn shame because much of the thought here is terribly valuable.
Freedom is an end unto itself Leo...whether it works better or not is irrelevent. People NEVER deserve to be enslaved...
communism has helped, not hindered their economic boom.
`````````````````````````````````````````````````````````````Leo;```
The AGW hoax has allowed china to destroy an entire continent with pollution the would not be tolerated any where but in a communist country.
The Alarmist's are responsible for this by focusing on harmless Co2. While for more than 2 decades China has dumped the worst toxins known to man all over the countryside. Millions are dead and generations will die.
The global warming scam is a crime against humanity.
What ever toxic shit it takes to make those solar panels you seem so in love with LEO. You can count on it being dumped in a river that people still bath and drink out of or it's dumped in a pile someplace and air borne so everyone gets to breath it. And that's after those people have the only thing worth anything stolen from them, their labor!
I'm getting really tired of hearing about your get rich scheme that rides on the back of an environmental and human Holocaust.
Solar panels, at least my understanding, are manufactured using semiconducter equipment. That is to say when a company like TI upgrades a new fab (12"), all the old stuff (8") is sold off to companies like those that make solar cells.
There are certainly chemicals involved in this process, but its no different than what they use in typical processor/memory/etc type semi manufactuing.
This google search has a few links from Mike Shedlock on the topic, if you care to read more:
http://www.google.com/#hl=en&q=site%3Aglobaleconomicanalysis.blogspot.co...
You are correct; however, anyone from the semiconductor industry (like myself) know that it is, without a doubt, one of the dirtiest chemical-laden industries known to man. Most people don't know that even here in the USA, semi manufacturers pay a service to have spent chemicals like HF (hydrofluoric acid) deep welled somewhere and sealed off (HF dissolves organic, calcium based materials - like human bone). Heavy H2S04 (sulphuric acid) is common to all fabs. Gases that contain arsenic used for doping are common, as are ones like SiH4, which ignites when simply exposed to air (no flame ignition needed). I can't imagine the pollution embedded in the land and streams over there.
http://business1001.posterous.com/amazing-pictures-pollution-in-china-ch...
+100 fabulous insight.
I think you meant to say "totalitarianism" has helped, not hindered their economic boom. I agree with that. In fact, the industrial and coporatist elitists here in the West have been salivating over the possibilities of a docile, rights-free, and completely controlled prole class for some time now and have been assisting in exploiting those workers in the name of capitalism for many years now. A global capitalist dream come true - super cheap labor, no benefits, no days off, child labor - it's f---ing great!
I bet those plantation proformas looked pretty sweet in the South under slavery too.
Yes, thank you for correcting me, totalitarianism has helped them achieve their economic success. If you compare China to India, which is a 'democracy', I think you'll agree with this statement.
Please compare the class diversity, the degree of arable land and the difficult river system and the small amount of livable land between the two nations.
Then compare the raw resources, especially fuel sources between the two nations
then compare the destruction of the climate in India versus China
Then compare the conservatism of the banking practices between the two
Then tell us which is built for a spectacular burst followed by a collapse and which is built to improve over a century.
Thanks for playing
Thanks for mixing up correlation and causality
The Chinese are many times more wealthy than Indians are. Most of the economic growth has benefited only the tiny Indian upper class in India compared to China.
China has secured their future raw material needs in Latam and Africa.
India is perhaps the most corrupt nation in the world, most of the money from the Indian taxpayer is skimmed off for corruption.
Look at India's poverty, India's beggars and the most important point of all India's land reform status.
In any case China could and would invade other nations in the future if necessary.
India's banking system is much worse off than China's. China has been fueling excesses, yes however they have also been fueling real industry and infrastructure unlike the disaster that is India. The US had many booms and busts during the 19th century.
You mean India wasn't built to collapse? The whole idea of the British was to divide India whether it was muslim/hindu or pseudo-historical theories such as the A/D division. In fact if anything the propensity for social unrest in India is much higher than in China and a nuclear war with China's puppet state Pakistan backed by China's other puppet states of Bangladesh, Sri Lanka and now Nepal is far more likely.
Wondering,
At your convenience, could you pen your thoughts on India's prospects for the coming years. Thank you!
From Leo
Leo. China does that too you know. But unlike Amerika, they wear it on their sleeve.
We're not there yet. As soon as that message can be packaged into tasty clover, the sheeple will goggle it up. In fact, they'll demand it.
China is teaching capitalism to the west?? For god sakes man, the West financed and built China's industry. That's what the free trade policies dictated and conceived. This is not Japan where it was Japanese corporations building it's economy. No they could not have done it without US corporate infiltration and knowhow. That's why Obama begged the Chinese officials to encourage consumption in China. He was speaking on behalf of US corporate interests and NOT for the sake of global economic stability.
I posted an analogy of the US-China relationship a while ago. I still think it applies.
#175407
While I agree wholeheartedly with your spirit -
(Asia) Japan's self made status is a weak example.
RE: might I suggest Chalmers Johnson's 'Blowback'.
Very well written and insightful. I agree that China is in into bubble land escially in real estate, how long do you think it will take for them to come out of it? Will the government allow the system to be purged or will attempt a Japanese style solution?