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Some Chinese "food for thought"
bronco2078
Posts: 9,964 ✭✭✭✭✭
For those that think that China is poised to pass the US as the number 1 economy in the world. An interesting blog post over on the of two minds blog.
China and the dragon tail of Marx
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Give Me Liberty or Give Me Debt
A jr high track girl who weighs 100lbs or a liberal arts major who weighs 400lbs...
<< <i>I hate to be the bearer of bad news but. . . >>
now that's a good article, and I mean it.
Liberty: Parent of Science & Industry
<< <i>I hate to be the bearer of bad news but. . . >>
Rational, logical and free of rhetoric and hyperbole.
Knowledge is the enemy of fear
<< <i>I hate to be the bearer of bad news but. . . >>
You say Potato I say Potato also
From the first link
1. the consequences of overcapacity and competition Which China is going to get to experience in spades not really an issue here in the US though
2. the dominance of finance capital over industrial capital A problem for China but this also applies more so to the US
2. is a problem everywhere of course because people as a rule are generally lazy and will look for ways to get paid for non productive forms of work i.e. the financial industry , the insurance industry and more than half of people employed by governments of every level are prime examples.