>>Since they've been growing at 10%, without being in the WTO and still being reluctant to accept investment in a free economic system, I dare say they could turbo-charge that up to 15% without a problem and maybe 20%.<<
I agree. These kind of growth rates are possible when you have an essentially infinite supply of cheap labor and minimal regulation, but most importantly, you are starting from a relatively undeveloped economic base.
>>China is still lean and hungry, not fat, lazy and entitled with a dole and bludger system<<
This comment is a risible generalization. It overlooks completely the many structural and social problems that China faces and also overlooks the tremendous creative energy and strong work ethic still present in the USA. It is however, typical of the simplistic China meme that has invaded the popular gestalt this year.
>>$1.2 trillion, increased at 20% a year, compounding, gives $46 trillion after 20 years.<<
This is not analysis, it is utterly nonsensical. I am genuinely surprised to hear this from you, Mq. You must be playing devil's advocate. 20% growth rates are only possible in short spurts for developing economies. The idea that China, or any other country for that matter, could maintain a 20% growth rate for 20 years is absurd. Show me just one example of any country, of any size, that has grown at 20% for 5 consecutive years. |
