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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (609481)	4/30/2011 11:55:28 AM
From: tejek	Respond to of 1578131

Stupid wingers......they always seem to worry about the wrong thing. The more I read about China the more I wonder how badly they are screwing things up. Comments from a subscription site: "Speaking of China, Mark Lapolla was through here this week, and he is extremely bearish on China. I'm not an expert on China so I won't try to repeat his whole case, but one funny quip he made that is apropos of Marc Chandler's comments... he was speaking to a group in Texas who was extolling the virtues of China and damning the poor government process here in the U.S. He said, "You mean the country where IP rights are suspect, bribery is the only way to get anything done, they have a manipulated currency, their Central Bank answers to the central planning committee, they build bridges first and then ask whether anyone will drive over them later, ... But let's forget all that and focus on the American government that spends a little too much." "

To: bentway who wrote (609481)	4/30/2011 11:57:21 AM
From: tejek	Respond to of 1578131

Now Confucius wasn't a bad man, but he did base his political philosophy on taking authoritarian government as a given and trying to civilize it. He did not, as Western political thinkers since the dawn of democracy in Ancient Greece have done, base his political ideology on trying to prevent despotism in the first place. As a result, he simply wasn't that interested in concepts like individual freedom or limited government. The bottom line, after a few thousand years of history and some astonishing ideological twists and turns, is an approach to politics that is systematically opposite to liberal democracy. And the recent Jasmine revolution was nipped in the bud very quickly! China is unique because it combines standard-issue (if exceptionally cynical) mercantilism with other policies, like forced savings and systematic technology acquisition, made possible by its despotic ex-Marxist political system. For example, it has, by deliberate state fiat, a savings rate close to 50%, while America's is close to zero. This gives China a tidal wave of investment capital to put into everything from factories to freeways. (It is also enabling China to accumulate ownership of American government securities and private-sector assets.) In the end, democracy will over take China.....it just won't be for a while.