Posted on Feb 18, 2018
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Countries like the United States can never compete with China effectively, because China is an ancient civilization, with an idea. They think in centuries.
America is organized like a business with a quarterly profit statement that must be met.
Articles like this don't even mention the massive amount of corporate welfare the US government provides, literally hundreds of billions to a trillion dollars a year to favored economic Enterprises like Monopoly finance and the oil industry.
In America profits are private eyes and the cost of doing business is socialized, creating public debt. Companies know if they fail they will be bailed out by the government. Not so the little people, if I over spend my budget I will go bankrupt.
Think of the loan forgiveness guarantees to foreign States like Egypt and Israel, ongoing Bank bailouts which total nearly 800 billion dollars in slush funds like TARP.
"In The Face of Chinese Threat, Conservatives Turn Toward Ending The Entitlements State"
America is organized like a business with a quarterly profit statement that must be met.
Articles like this don't even mention the massive amount of corporate welfare the US government provides, literally hundreds of billions to a trillion dollars a year to favored economic Enterprises like Monopoly finance and the oil industry.
In America profits are private eyes and the cost of doing business is socialized, creating public debt. Companies know if they fail they will be bailed out by the government. Not so the little people, if I over spend my budget I will go bankrupt.
Think of the loan forgiveness guarantees to foreign States like Egypt and Israel, ongoing Bank bailouts which total nearly 800 billion dollars in slush funds like TARP.
"In The Face of Chinese Threat, Conservatives Turn Toward Ending The Entitlements State"
In The Face of Chinese Threat, Conservatives Turn Toward Ending The Entitlements State
Posted from amerika.org
China
Economics
Conservative
Political Correctness
American History
Posted 7 y ago
Responses: 5
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Lots of good stuff here. Interesting. However, I'd take exception on just one point. Is China really an ancient nation? It seems to me that it isn't even as old as the US, a relative new-comer in the world of nations. To be fair, its people are rediscovering ancient traditions now that the government has relaxed its grip on them, but it seems that they are still more modern than traditional
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Hmm... under Communist control, Chinese banks are directed to make massive ‘loans’ to government sponsored businesses which then, being massively inefficient & ineptly managed, are unable to repay the ‘loans’. Being that both the banks & the businesses are government controlled, the loans in default are written off.
Such an unstable system will eventually collapse. China’s entry into the WTO will only hasten this collapse unless drastic reforms are undertaken.
Hence, Xi’s crackdown on corruption, China’s drive for foreign investment (which require greater reform), and the territorial claims in the South China Sea (a potential source of oil wealth).
Things aren’t exactly as portrayed.
Such an unstable system will eventually collapse. China’s entry into the WTO will only hasten this collapse unless drastic reforms are undertaken.
Hence, Xi’s crackdown on corruption, China’s drive for foreign investment (which require greater reform), and the territorial claims in the South China Sea (a potential source of oil wealth).
Things aren’t exactly as portrayed.
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Our best hope is the citizens of China continue the drive for capitalist results they are becoming used to. Patience and long term strategies are gradually are being overcome by the give me mine now, that we are so familiar with.
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