I just wish Ronald Reagan would have woken up and pumped trillions of dollars in the old Soviet Union. Just think how much better this world would be. /s
Those who back what we’re doing with China should hang their heads in shame, crawl into a closet, roll up in a ball and rock back and forth.
Should we worry that the people of China, India and other undeveloped countries are getting richer?
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yes if the Chinese government takes a slice of all that money and uses it to build nukes to threaten Taiwan and keep its own citizens under authoritarian control.
When will libertarians understand that governments can oppress people? They claim to but do they really when they give very bad governments a pass?
It's difficult to get rich selling stuff to poor people.
China has greatly raised our standard of living because of our trade with China. In short, we all have more goods and services than we would otherwise have without trade with China.
It is impossible for America to make all the goods and services that we currently consume today. Where we would get the capacity to do so when we are at full employment in economic terms? This is the key fact that stops the anti-China folks in their tracks. Of course, we could go back to the days when VCRs cost $1,000 but were made here in the good ole USA.
Let China produce all the toasters it wants and we will buy them cheap with our higher paying jobs (it’s called comparative advantage folks).
As the people in China becomes more prosperous from our trade, China will become more Westernized.
It is a win-win for all of us.
Meanwhile, to hell with the regular American workers who watch their jobs go overseas. As long as CEO’s and shareholders can make more money, then everything is fine.
One other good reason to applaud their growing wealth: painless population control.
Almost all first world nations (except the US) have to encourage their citizens to reproduce at anything close to replacement rates.
Wealth beats warfare as the Malthusian Solution of Choice.
All very nice, but China is planning to kill us.
The reality is, this planet has the ability to comfortably support 100 billion people with a first world standard of living. Period. And last I checked, there is 7 billion people on the planet.
What occurs, is that as countries grow faster than existing resources can acquire from the earth, whether it be crude oil or soybeans, prices will go up. So, there maybe a time when growth will temporarily subside and production begins to meet demand and prices will drop. And of course, it'll start all over again. This will continue to ebb and flow until countries like China, India, Russia, etc. catch up with the developed nations. Americans, in the future, need not worry about not being able to drive thier 3/4 ton Suburbans. If they aren't able to, it will be because environmentalist will, with federal help, intervene.
We should all look forward to the day when all the world achieves a first world standard of living instead of dreading the day when the US or the West no longer towers above everyone else.
If China were free, I would be applauding as I do for India. Instead they are steling our intellectual property and America companies are subsidiezed by both government to go to the repressive regime.
I must have missed it when Communist China became a beacon for Liberty.