[Cringing Negativism Network]

America needs to bring back American production.

Just saying.

[Da Coyote]

All we need is some folks in our gubmit who could get a C or above in a REAL economics course.

Ain’t happenin’.

Really, imagine bimbos such as Pelosi, Boxer, and Warren....or bimboys such as the Obamadork, Reid, or any of the MSM in any class where the math exceeded adding past the number 10.

See my point?

[PGR88]

The Chinese Communists will need to let go - stop funneling capital to large, state-run industries, allow banks to fail, stop trying to pick the winners of every industry

In sum, they will have to stop behaving like one-party, communist central-planners, whose ultimate goal is to keep absolute political control.

Its not in their DNA.

[Georgia Girl 2]

Agreed!

[ConservingFreedom]

Interesting stuff:

“Americans consume beyond their means, with their level of purchases outstripping their improved income for the past 20 years. The financial crisis helped expose the damage this is doing, Roach says.

“As China shifts to domestic consumption, there won’t be another superpower to provide the U.S. with capital or finance U.S. debt, he argues. That capital could be coming from American savings, he says.”

[dangus]

Isn’t the transformation of China from merely a producer to a consumer good for American production? (Let alone how it creates a just society for China?)

[Gay State Conservative]

I've traveled in China...several times...recently (meaning the last few years).My travels have been in the southeastern part of the country...within a couple of hours of Guangzhou,a major city which is,itself,within a couple of hours of Hong Kong.This part of the country,I've read,is basically the wealthiest part of the country (apart from Shanghai and Beijing).When one travels more than ten miles from the center of Guangzhou it's breathtaking to see how primitive the country is.These people live like animals.

And yet China says they're gonna depend on domestic demand to drive its economy? Yah right!

[BfloGuy]

China’s new leadership is trying to create a shift in its economy from low-wage, investment-driven growth to a consumer economy driven by domestic demand

There is no such thing as a consumer-driven economy.

Prosperity comes only through saving and investing those savings in new production. That creates jobs which ultimately raises the demand for consumer goods. But it is production-driven.

What this means [if true] is that China is going to continue to inflate its currency as the U.S. and Japan have done. I can't imagine why -- it's nonsense and it doesn't work.

They've bought the Keyensian nonsense evidently. They're stupider than I gave them credit for.