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Strategies & Market Trends : ahhaha's ahs
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To: ahhaha who wrote (7935)4/7/2006 11:42:52 PM
From: Jorj X MckieRead Replies (1) of 24758
 
When you say "China is making a ton of money", do you mean everyone in china? the government of china? or a small group of chinese that are making a boatload of money while the vast majority of chinese live an agrarian subsistance lifestyle?

To be sure, many individual Chinese are more aggressively capitalistic than the vast majority of westerners. But to ignore the fact that most Chinese are still living in the communist ideal of a rice of bowl a day, makes no sense. The minority of Chinese who are truly aggressive capitalist know how to play the greed of us westerners like no other. They dangle those 1.25 billion potential customers in front of us and we geek on foolish deals that will never be profitable, when in fact the real addressable market in china is still about the same as that of the U.S.

But China is fraught with the same issues as the U.S. There is no way that a government which subsidizes every aspect of the economy, can go on indefinitely without imploding.

If you criticize the increasingly socialistic nature of our own country, it is facile to not evaluate other countries by the same standards.

Without the government subsidies, I seriously doubt that China would be seen as the threat that we see it today.
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