It's hard to turn on the TV without some asshole like Pat Buchanan or some other inbred alarmist going on and on about the Chinese economic "revolution". Let's keep this short and sweet: China's economy sucks. It has always sucked, and it will never compete with the US. Their GDP per capital only recently broke $1,000 per year. Let that sink in, American's earn over 30 times as much as the Chinese.
But if you ask the Chinese press they'll be sure to give you a laundry list of excuses. Let me cut through their nonsense.
People can live for less in China. What constitutes as living in China would be considered extreme poverty in the US. And what do these people do when they want a fungible good such as oil. Answer: They ride a bike. It's the same bullsht the French try to pull when they justify earning 40% less than the US.
China's GDP is growing so fast! And a weakling can double their bench press from 20 to 40 pretty quick too. The Chinese economy has been so mismanaged by their government that all they need to do for quick boast in their economy is to do anything different. When you see a 'flood of investment' it's because China has held off foreign investment until recently. There is more potential than in an established market, nothing more.
But the government provides services (*insert socialist bullsht*). No they don't. And they are notorious for violating human rights. Chinese people hate their government, they just don't have a George Washington or Ben Franklin to watch their backs.
But Amp you aren't from China how can you know that their economy is so bad!? Simple, there is a huge waiting list for people who want to come to the US from China. What does that say? China sucks. You don't need to take my word for it, the people vote with their immigration numbers.
And while we're at it, people talk about a trade deficit, what about the immigration deficit? There are very few skilled Chinese workers who want to stay in China. They know that American's will pay them much more. If we were smart, we'd throw our xenophobia or immigrationphobia to the side and take in EVERY skilled Chinese worker. Is there a better way to take the legs out from a competing team than to steal their best players?
The point most of you might wonder about is will China ever compete with the US economically. Technically they have the talent, resources, and numbers to become an economic force, but don't worry it won't happen.
1) They have very few intellectual property rights. The incentive to innovate isn't as high as in America or Europe.
2) They have horrible human rights. As long as this is the case, people will desire to leave China for America/Europe.
3) Some of the best Chinese minds want to come America. It doesn't work the other way around.
4) At current rates, China won't catch up to the US until most of us are retired. Assuming growth rates stay the same, and they won't.
5) Communist countries have never, in the history of the world, competed with a capitalist republic for any length of time. The USSR tried the whole "Build up the infrastructure with government factories". Are you really worried that China is trying the same thing?
So there you have it, China's economy is about as scary as a panda in a zoo. Should the government ever be overthrown and replaced with a republic similar to the US they will thrive economically (Iraq isn't a republic yet). But if that happens I'm not worried because we'll have a peaceful trade partner. When was the last major war America had with an established free democracy?
But if you ask the Chinese press they'll be sure to give you a laundry list of excuses. Let me cut through their nonsense.
People can live for less in China. What constitutes as living in China would be considered extreme poverty in the US. And what do these people do when they want a fungible good such as oil. Answer: They ride a bike. It's the same bullsht the French try to pull when they justify earning 40% less than the US.
China's GDP is growing so fast! And a weakling can double their bench press from 20 to 40 pretty quick too. The Chinese economy has been so mismanaged by their government that all they need to do for quick boast in their economy is to do anything different. When you see a 'flood of investment' it's because China has held off foreign investment until recently. There is more potential than in an established market, nothing more.
But the government provides services (*insert socialist bullsht*). No they don't. And they are notorious for violating human rights. Chinese people hate their government, they just don't have a George Washington or Ben Franklin to watch their backs.
But Amp you aren't from China how can you know that their economy is so bad!? Simple, there is a huge waiting list for people who want to come to the US from China. What does that say? China sucks. You don't need to take my word for it, the people vote with their immigration numbers.
And while we're at it, people talk about a trade deficit, what about the immigration deficit? There are very few skilled Chinese workers who want to stay in China. They know that American's will pay them much more. If we were smart, we'd throw our xenophobia or immigrationphobia to the side and take in EVERY skilled Chinese worker. Is there a better way to take the legs out from a competing team than to steal their best players?
The point most of you might wonder about is will China ever compete with the US economically. Technically they have the talent, resources, and numbers to become an economic force, but don't worry it won't happen.
1) They have very few intellectual property rights. The incentive to innovate isn't as high as in America or Europe.
2) They have horrible human rights. As long as this is the case, people will desire to leave China for America/Europe.
3) Some of the best Chinese minds want to come America. It doesn't work the other way around.
4) At current rates, China won't catch up to the US until most of us are retired. Assuming growth rates stay the same, and they won't.
5) Communist countries have never, in the history of the world, competed with a capitalist republic for any length of time. The USSR tried the whole "Build up the infrastructure with government factories". Are you really worried that China is trying the same thing?
So there you have it, China's economy is about as scary as a panda in a zoo. Should the government ever be overthrown and replaced with a republic similar to the US they will thrive economically (Iraq isn't a republic yet). But if that happens I'm not worried because we'll have a peaceful trade partner. When was the last major war America had with an established free democracy?
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