I agree on much of what you say
you consistently refer to micro-capitalism issues, which are certaintly important
I consistently refer to macro-capitalism issues, which steadily have been replaced by socialism policies, whose effects are largely to undermine most micro-capitalist opportunities
I have learned in the last few years some harsh lessons
MACRO SCREWUPS EASILY TRUMP MICRO STRENGTHS
an example
if thru socialist and manipulative policies,
USDollar is bloated and
debts are omnipresent and
taxes are oppressive and
health costs are burdensome and
Sochacurity costs are huge and
workmen compensation costs are hefty and
environmental laws are restrictive and
failed large corporations are subsidized by govt funds .....
then what difference does it make it you can start a new business, make independent decisions, hire as you wish, develop innovative products .....
when you cannot compete internationally
and cannot turn a profit in this so-called capitalist system ???
of course, your points are important, but I do not wish to discuss much more even though it is important visavis China
I believe the more important immediate issues with China are Bank of Japan's allowance of a rising JYen, and China's allowance of a more realistic peg vs USDollar, and PBOC tightening of credit
China has shown itself since MFN in 1999 was granted to be a colossal economic growing power
as Marshall Auerback points out, China is responsible for about 30-40% of Asian regional growth in the past 12-18 months
you talk about China's naivete on capitalism
look all around you
they are fast becoming the second world economic engine behind the United States Economy
our USEcon is powered by vastly overextended credit and bankrupt spending
our leaders quietly believe our growth actually benefits on vacant military spending boosts
China's Econ is powered by trade surplus, endless cheap labor, growing middle class, state-of-art Japanese technology, and more prudent central banking decision making
I just dont see any capitalism naivete in China
sorry, take the last word again
eventually yours will be the last word
you know me, hard not to respond
/ jim |
