Having visited China, it is far from being absurd. China is still very much a third world country. Hell, more than 40 million people don’t even have access to electricity.
China is a first-world, rich superpower.
We need to come to terms with that fact.
Pretending it’s some poor backwater, is just not reality anymore.
We’re becoming the poor backwater, as China takes our jobs, our manufacturing know-how, and our national treasure.
You do know, we’re in debt to China. Massively.
Right?
You do know, Chinese consumers own more cell phones, than we do?...
You do know, China’s technology manufacturing, now has passed our own?
China is becoming the new Soviet Union. A very rich, very large, very intelligently run Soviet Union. They understand our system, and our vulnerabilities in profound depth.
We are by contrast, virtually clueless, with regards to China.
The cold war with the Soviets, alleged ended. Why? Because we had the more productive manufacturing and technology sectors. We out-produced the Soviets.
China has that equation, exactly reversed on us.
China will not go broke. We will...
Unless we stop pretending China is something, it is not. And start to honestly, and with considerable resolve, start to insist on complete reciprocity.
We cannot afford, to continue giving away the farm.
We are almost out of farm.
40 million of 1400 million, 1 of 35...isn't that about the same ratio as in the U.S.A.?
“40 million people” would be only about 3% of the population. I’m sure the number without electricity is more like 400 million
Beijing and Shanghai are truly amazing cities, but as you get to their second tier cities like Xian and Guillan you start to see middle class mafia, beyond that it’s poverty, slums and Communism in it’s full glory.
I don’t know why, but it reminded me of Russia 10 years before it’s demise.
It seems to me that China isn't actually an economy. More of a manufacturing base.
Anyone know the size of its service sector, R&D sector, transportation/utilities sectors etc, compared to the US?
Manufacturing is great for making money, but there's more to an economy than being able to make a product. It takes marketing and advertising and most of all, people/businesses willing and able to buy it.
I started to spit this out on another thread the other night and did a dismal job ;)