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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: geode00 who wrote (176445)	11/30/2005 10:59:07 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 281500

Geode, communism specifically means not capitalism. Though even communists have capital in the form of state assets and state-owned enterprises earning profits from capital. It's tough to have discussions if words don't have agreed meanings. I'm not much interested in a linguistic discussion and reinventing the dictionary. China's growth rate is in part because they are very poor and can import capital and technology and sell into huge markets which dwarf their own economy. As they grow and equalize, the "voltage" drops and gains will be less. They will demand higher pay, profits will shrink as margins are competed away and the "wealthy" west will become not so relatively wealthy and will buy less. Mqurice