Comparing Chinese military spending to American military spending, for example, should take into account that building something in China costs perhaps 1/300th of the cost as in America.

http://www.worldreportnews.com/7/post/20 11/11/the-middle-kingdoms-capitalism-tug -and-war.html

Was not it just unwillingness from the side of the GOP that stopped Obama from creating at least some jobs that could not be exported and would leave a stronger backbone to the American Society?

Then…laissez faire prohibits import duties, so if you would try to balance out too cheap imports…the only way to recreate heavy industry…you would find the “trade liberals” against you.

I am afraid that if the West will not introduce limitations to the supply side economy we will never survive this game. We only think markets(money), not people (work)

But in the case of China and of India, there is a big difference: When they will be fully developed, there is not much wage competition possible, as the world runs out of poor, but reasonably well run countries. Should be good news for the Chinese people. On the other hand, at that point, maybe in 20-30 years, the wage competition by autonomous robots will start for good.

The most effective tool capitalist nations have used in the past to suppress other nations from competing with them is to make them embrace laws and political terrain that would ordinarily not work for them, or fit into their fundamental culture and history. We see this in Africa. Effort to woo China to embrace full democracy and their declination, I will say, contributes to their on-going economic successes. As long as they hold on to what they can, what they believe and restrain external influence from the like of “western countries”, IMF, World Bank, UN, etc and rely on personal strengths, they will continue to grow. However, the day the bow to pressure is the day they will start to fall.

I will argue, from basic economic principle of comparative advantage, that any nation that simply copy democracy or simple privatisation of government properties as constantly proposed by capitalists and their machineries without considering her internal structure, culture and visions will fail.

I will argue, China is successful today because they chose to control from intern rather than to be controlled from extern. This success will continue as long as they hold on to this strategy. That is while I agree with HU when he said, “…if we help the EU, we have to have a say”. Just like they, the capitalist are having a say in Africa. After all, “he who has the pipe, dictates the tone”, meaning, whoever has the largest economy controls the world. That is real capitalism, and that is what China currently has.

In China, capitalism was seen as a way of increasing productivity, not of changing their religion wholesale. And their phenomenal success mixing capitalim with strategic governement planning is testament to the (overall) soundness of their approach.

Just goes to show, economics is not an exact science, though it certainly is a dogmatic one, and very very much overrated…

Farfoor

But anti-development environmentalists, bidding disputes, union disputes, local politics, and right-of-way land use disputes – have crushed our ability to address large infrastructure needs, much less create much needed heavy industry.

We have handicapped ourselves with out-of-control and corrupt legal and political systems.

And the anti-growth segment is still growing in power. But do they realize they WILL impoverish us if they have their way?