Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (408045)	1/31/2011 8:25:27 PM
From: FJB	2 Recommendations Read Replies (1) \| Respond to of 793986

RE:No one is going to tear down a government under which the economy is growing at 10% a year. You say that like China is some kind of economic utopia. The 11 year olds working 14 hour shifts building iPhones probably aren't happy. Same goes for their co-workers jumping off bridges. China is not a shiny, happy place. ----------------------------------------------------------- China's unemployment rate came in at an incredibly low 4.1% for Q3, according to China Daily. businessinsider.com But what does that unemployment rate really include? Only 9.05 million urban Chinese claimed to be unemployed in Q3. So, if 9.05 million is 4.1% of the urban workforce, that means the total workforce is 231.7 million, by our calculations. But the total population of China was 1.325 billion in 2008, according to the World Bank. In other words, China has hundreds of millions who aspire to join the party that's currently happening in the big cities. This constitutes a massive problem for Beijing. And thus although the economy is humming, the country isn't really in a position to slow its growth by revaluing its currency.

To: skinowski who wrote (408045)	1/31/2011 11:10:18 PM
From: LindyBill	1 Recommendation Respond to of 793986

No one is going to tear down a government under which the economy is growing at 10% a year. Exactly. Especially when they know the consequences of mobs in the square. What shows to me when things like this happen is the lack of knowledge of history, or even worse, the false premises our reporters operate under. The history of the last couple of hundred years shows societies get rich under capitalism and star or get poor under socialism. But none of this comes across in the reporting.

To: skinowski who wrote (408045)	1/31/2011 11:32:20 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 793986

Nonsense. No one is going to tear down a government under which the economy is growing at 10% a year. China has 20 years. They are bringing 400 million chinese living under agrarian conditions into modern society. And they don't have the energy resources to support them. So they are raising their expectations and then the benefits of modern society to which they have become accustomed will become scarce. And then they will have revolution. China may be moving in a more capitalistic direction that the US, but they are far from a free market. They have an artificially sustained economy and it will implode in much the same way ours will (or has).