As America Recedes, China is Poised to Take Over the World.

[Jhhnn]

You've got that exactly backwards. Corporate America creates the money which fuels everything. Politicians create no money.

Deficit spending & fractional reserve banking "create money".

 

[GagHalfrunt]

This has not been news in literally 40 years. China is following our roadmap, economic power comes from manufacturing and exports. We learned that in WW2 and it took about 30 years for us to forget it. From 1945 to 1975 we got rich by making EVERYTHING. And we got so rich we decided we were too good to make anything, we could just be buyers instead. Of course China is going to take over the world economically. At this point I doubt we could stop it even if we wanted to. Short of another world war there's nothing that's going to kick-start a new manufacturing boom here.

 

[Starbuck1975]

Nope. You are on your own. Free market will take care of you.

Wasn't asking your help. Don't need it. Free market always has and will continue to.

 

[MagnusTheBrewer]

Deficit spending & fractional reserve banking "create money".

Robbing Peter to pay Paul creates nothing.

 

[senseamp]

Wasn't asking your help. Don't need it. Free market always has and will continue to.

I was talking about Republicans overall. Good to hear free market will take care of them. I am sure supply of opioids will meet the demand

 

[Mai72]

This has not been news in literally 40 years. China is following our roadmap, economic power comes from manufacturing and exports. We learned that in WW2 and it took about 30 years for us to forget it. From 1945 to 1975 we got rich by making EVERYTHING. And we got so rich we decided we were too good to make anything, we could just be buyers instead. Of course China is going to take over the world economically. At this point I doubt we could stop it even if we wanted to. Short of another world war there's nothing that's going to kick-start a new manufacturing boom here.

And, even if we were engaged in WW3 I still doubt manufacturing would come back. If it did come back it'd be heavily automated.

 

[senseamp]

China's focus now is to be at the forefront of the AI, revolution and renewable energy. America's focus is to return to industrial revolution and bring back manufacturing jobs and coal plants.

 

[Starbuck1975]

I was talking about Republicans overall. Good to hear free market will take care of them. I am sure supply of opioids will meet the demand

LOL, is that like trickle down heroin?

 

[urvile]

They have been the world's second largest economy for a while. Apparently Xi's aim is to modernise and strengthen the military. That he sees china's modern history in phases. The last pres. (not the last pres. but Deng Xiaoping) modernised the economy and he sees his role as modernising the military and strengthening chinas position strategically. Like taking control of the East and South China seas. Although modernisation of the military has been going on for a while. They are still a long way behind the US and allies.

Obviously they cannot steal weapons designs quickly enough. I don't think it really has a lot to do with the donald though. Although disengaging from asia will certainly help the chinese but they are already a superpower.

Australia gets caught in the middle between our traditional allies and china which is our largest trading partner and by a decent margin. China is also the dominant military power in our region. So it puts our politicians in a tricky spot.

 

[Jhhnn]

Wasn't asking your help. Don't need it. Free market always has and will continue to.

You silly person. If you live in the first world then you live in a regulated hybrid economy with elements of both socialism & capitalism. We just haven't regulated it in ways that harmonize technological advancement with the welfare of the ordinary citizen. There are more stakeholders in capitalism than just the stockholders, something we seem to have forgotten.

 

[senseamp]

This is what Americans did to themselves through supply side economics.

 

[Jhhnn]

This is what Americans did to themselves through supply side economics.

Please link the source of the graph. They probably have other interesting stuff.

If we just keep voting Republican I'm sure they'll be able to increase the slope of the green line with tax cuts at the top & elimination of the estate tax... never mind the red line. Buncha Losers. They oughta be ashamed of themselves.

 

[senseamp]

Please link the source of the graph. They probably have other interesting stuff.

If we just keep voting Republican I'm sure they'll be able to increase the slope of the green line with tax cuts at the top & elimination of the estate tax... never mind the red line. Buncha Losers. They oughta be ashamed of themselves.

It does have lots of other interesting stuff:
www.linkedin.com/pulse/our-biggest-economic-social-political-issue-two-economies-ray-dalio

 

[John Connor]

Your mom had a choice, she chose to save a few bucks and get her doll made by a child in China

So are you the ACTUAL original Earl or the Duke of Earl?

 

[Svnla]

Taking over the world? Is that the same thing about Japan during the 80's and early 90's?

Not too fast about commie china.

Look here, look at the problems in china -

Getting older rapidly and not enough pension/money to take care the old folks
https://www.forbes.com/sites/kenrap...tion-becoming-more-of-a-problem/#5cbcf526140f

Getting old before getting rich
https://www.cnbc.com/2017/04/19/emerging-asia-risks-growing-old-before-becoming-rich.html

Huge debt problem
http://money.cnn.com/2017/05/25/news/economy/china-debt-economy/index.html

Economic problems
https://www.cnbc.com/2017/08/10/chi...ly-why-its-global-influence-is-expanding.html

Them rich in china are leaving in droves, and the country them rich love to move to? US
http://money.cnn.com/2017/07/17/investing/chinese-rich-immigration-hurun-report/index.html

Do any of you see/hear about them rich in US/EU/Western countries moving to commie china in droves?

Do you want to live like this?
http://www.businessinsider.com/hong-kong-housing-crisis-coffin-cubicles-photos-2017-10

Don't forget about air, land, water pollution problems.

 

[OverVolt]

China has historically always overproduced crap to the point of saturation.

 

[pmv]

Well, with the stock market going up and up and the GDP climbing to 3%, combined with Trump's endeavor on jobs and Make America Great Again. I really don't see how a currency manipulator of a slave labor-based country can compete. Especially when we start making our own shit for a change and increasing our exports. I for one, and I'm sure Trump is in agreement, don't want to see that big F U! of Made In China anymore.

The only thing China is good at is generating greenhouse gas, making cheap knock off products and stealing intellectual property for their own benefit. For all intents and purposes, China can keep skinning their dogs and eat a bag of dragon dicks.

Good parody of the 'ugly American' stereotype. Except I guess you mean it.

As for 'stealing intellectual property' - take a look at the early history of the US. Foreign copyrights were generally ignored. And the greenhouse gas emissions are of course from producing products for the West. And China does have a huge prison population and makes heavy use of prison labour. But which Western country leads the pack in both those areas?

 

[pmv]

Taking over the world? Is that the same thing about Japan during the 80's and early 90's?

Not too fast about commie china.

Look here, look at the problems in china -

Getting older rapidly and not enough pension/money to take care the old folks
https://www.forbes.com/sites/kenrap...tion-becoming-more-of-a-problem/#5cbcf526140f

Getting old before getting rich
https://www.cnbc.com/2017/04/19/emerging-asia-risks-growing-old-before-becoming-rich.html

Huge debt problem
http://money.cnn.com/2017/05/25/news/economy/china-debt-economy/index.html

Economic problems
https://www.cnbc.com/2017/08/10/chi...ly-why-its-global-influence-is-expanding.html

Them rich in china are leaving in droves, and the country them rich love to move to? US
http://money.cnn.com/2017/07/17/investing/chinese-rich-immigration-hurun-report/index.html

Do any of you see/hear about them rich in US/EU/Western countries moving to commie china in droves?

Do you want to live like this?
http://www.businessinsider.com/hong-kong-housing-crisis-coffin-cubicles-photos-2017-10

Don't forget about air, land, water pollution problems.

I kind-of agree with that. But I don't think anyone should be gleeful about the idea of China faltering. For some time now it's been keeping the global economy afloat. I'm undecided as to whether the economy is just shifting towards the east, or whether it's running into (potentially terminal) global problems. On the whole the former seems a less scary prospect than the latter.

 

[John Connor]

Good parody of the 'ugly American' stereotype. Except I guess you mean it.

No, not really. I presented straight up facts.

As far as the Industrial Revolution. That was an economic revolution that ushered in a better life for the populace at large as time went on. The thing with China is it's not like they have to depend on coal and steam. The technology exists now not to. They only use dirty technology because they are too damn cheap to pay the price of cleaner technology. They can give two shits less who breathes it all in and how much of the ocean they pollute. I bet because of them it's why you can't consume too much sea fish now a days thanks to mercury. Damn shame.

The Industrial Revolution is the quintessential historical moment in mankind that marks progress. And it is by this progress that technology gets better and better and cleaner and cleaner. Not by taxation, overburden regulation or asinine "carbon credits." It will evolve, it will grow and it will conform to how we live. It's happening now with robotics and AI and we will adapt as always.

But I digress. The last President was pretty Climate changey. Why on earth didn't he mandate the post office drive natural gas powered hybrids? You simply can't get any cleaner than that. It would have been a step in the right direction, and given the fact he's spent hordes of money, "at this point what difference does it make?" To borrow a phrase from Madam Liar, Liar.

 

[Jhhnn]

No, not really. I presented straight up facts.

Kellyanne & her cohorts have done their job well.

 

[senseamp]

Taking over the world? Is that the same thing about Japan during the 80's and early 90's?

Not too fast about commie china.

Look here, look at the problems in china -

Getting older rapidly and not enough pension/money to take care the old folks
https://www.forbes.com/sites/kenrap...tion-becoming-more-of-a-problem/#5cbcf526140f

Getting old before getting rich
https://www.cnbc.com/2017/04/19/emerging-asia-risks-growing-old-before-becoming-rich.html

Huge debt problem
http://money.cnn.com/2017/05/25/news/economy/china-debt-economy/index.html

Economic problems
https://www.cnbc.com/2017/08/10/chi...ly-why-its-global-influence-is-expanding.html

Them rich in china are leaving in droves, and the country them rich love to move to? US
http://money.cnn.com/2017/07/17/investing/chinese-rich-immigration-hurun-report/index.html

Do any of you see/hear about them rich in US/EU/Western countries moving to commie china in droves?

Do you want to live like this?
http://www.businessinsider.com/hong-kong-housing-crisis-coffin-cubicles-photos-2017-10

Don't forget about air, land, water pollution problems.

China's population is 10x of Japan, 3x of US.

 

[John Connor]

China's population is 10x of Japan, 3x of US.

That's a lot of waist management. Imagine the logistics.

 

[OverVolt]

China is bamboozling you guys.

Most of the numbers coming out of China are fake. Negative is 0 and positive is overblown. China doesn't have the principles like the US has. Anyone can write down any numbers over there. Fudging numbers is rampant. If they can fudge together cheap crap that breaks you bet your ass they can fudge the numbers too.

Oh yea China is a gajillioniare because guangdong industries says so. They're an industrial powerhouse about to overtake the world. And their plastic coat hangers break when you put a T-shirt on them. Oh wait.

You hear about the bridge they built that had TRASH mixed into the concrete? It flaked away revealing the trash. Then they had to build ANOTHER bridge. Two bridges!!! Great for GDP!

Except you know... a major shipping route in a major city is literally just a pile of garbage, lol.

https://www.weirdasianews.com/2010/02/05/shanghai-wonderbridge-trash-collapses/

 

[Jhhnn]

China is bamboozling you guys.

Most of the numbers coming out of China are fake. Negative is 0 and positive is overblown. China doesn't have the principles like the US has. Anyone can write down any numbers over there. Fudging numbers is rampant. If they can fudge together cheap crap that breaks you bet your ass they can fudge the numbers too.

Keep blustering. Whatever the price point the quality of Chinese goods meets or exceeds that of those produced in any part of the world. They've partnered with the world's multinationals, particularly the Japanese whose quality control revolutionized several industries.

40 years ago, voicing the notion that they'd come as far as they have would have been greeted with laughter & derision. It's no accident that they're a large & integral part of the world economy.

 

[mindless1]

Keep blustering. Whatever the price point the quality of Chinese goods meets or exceeds that of those produced in any part of the world.

That's not saying much, when their philosophy trends towards making things the cheapest way possible. What they "can" do, and "do" are two different things.

China's focus now is to be at the forefront of the AI, revolution and renewable energy. America's focus is to return to industrial revolution and bring back manufacturing jobs and coal plants.

Yes it's human nature to state a focus on eliminating one's shortcomings, but all it really does is tell you where those shortcomings are. It seems you would like to imply that China is on a path towards the future but they're just hoping to catch up.

Who pollutes more? The US with all its coal plants, or China?