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O - M - G !! I'm not often STUNNED...

Posted by Zero 10 years, 4 months ago to Economics
118 comments | Share | Flag

This is the worst news in a long time.
Some of the worst news EVER.

We have succeeded in making the last Communist Power into the world's most powerful economy.


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  • Posted by 10 years, 4 months ago in reply to this comment.
    Y'know, AR never endorsed any politician or political party. She felt it was too soon for political action, we needed to persuade the populace first.

    But a great many OBJ's consider Dems the default position due to the Republican social agenda.
    In fact, She famously refused to endorse Ronald Reagan because of his support for the Moral Majority.

    Myself, I vote Republican but never with enthusiasm.
    I might vote for a Democrat if I could find one with any concept of economics.
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  • Posted by mckenziecalhoun 10 years, 4 months ago in reply to this comment.
    Absolutely not.
    You live in a country because you support it's ideals, it's vision, it's dream.
    Each person has a line after which the country/group has changed enough that they leave.
    Some refuse to leave the group to those they disagree with (in my case, Socialists) and continue to fight them in my own way.

    Are you really saying you can't comprehend that?Or the parallel between staying in a country? You seem to not understand that I am drawing a parallel there - it's too close to be a metaphor.

    And I'm still waiting on answering a simple question which you've evaded twice now. That's revealing in itself.
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  • Posted by khalling 10 years, 4 months ago in reply to this comment.
    I gave you a point back for the discussion but this is an incorrect statement. Wealth creation comes from invention. Since China has weak property rights for invention they must steal technology. That is a separate question from currency manipulation. Invention determines which resources have value and invention determines how to get the resources, what to manufacture and how to manufacture. Invention provides hardy crops to harvest, how to irrigate the crops andhow to harvest. Invention is the source of all wealth creation and it is unlimited barring regulation and weak protection in IP rights.
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  • Posted by khalling 10 years, 4 months ago in reply to this comment.
    How is it possible snezzy enjoys 4 points for that completely incorrect statement? Up is down.
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  • Posted by edweaver 10 years, 4 months ago in reply to this comment.
    So I think I am starting to understand where you are coming from. Let me see if I got this right. You believe simply living in a country means that you support everything that happens in it. Is that correct?
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  • Posted by mckenziecalhoun 10 years, 4 months ago in reply to this comment.
    Then as I said, no matter where this country goes, you will support it.
    Unless you leave and my challenge remains - WHEN would you leave the country to the very people you oppose?

    Still waiting on that.
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  • Posted by edweaver 10 years, 4 months ago in reply to this comment.
    Instantly. Being a member of something, no matter what it is, is supporting their agenda.
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  • Posted by edweaver 10 years, 4 months ago in reply to this comment.
    I am not assuming. The democratic party is all about a socialist agenda and has been for at least the last 100 years. Voting democrat is voting socialist.
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  • Posted by mckenziecalhoun 10 years, 4 months ago in reply to this comment.
    At what point if Christian fundamentalists lost their roots and tried to create a theocracy in the USA using the Republican Party would you flee the party leaving them to do what they want?

    I'm curious as to your answer.
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  • Posted by mckenziecalhoun 10 years, 4 months ago in reply to this comment.
    Why do you assume I support it because I am a member of the Democratic Party? That's the error in reasoning you make. I merely pointed out a parallel situation which you could use to understand, if you chose.
    Why would I abandon my party to the very people I disagree with? I watched them take more and more power as so called "Democrats" proved cowardly under the guise of "the party left me, I didn't leave the party", giving more and more power to those they disagreed with.

    I stayed, and fight. I despise Socialism.

    If staying and fighting for something while remaining a member is madness, then I suggest that the alternative, running and leaving your group the the people whom are destroying it and that you disagree with is cowardly and if you expect it to help, insane as well.
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  • Posted by edweaver 10 years, 4 months ago in reply to this comment.
    Just because I am an America and live in America does not mean I support socialism and I would never support or vote for anyone who does.

    I did not say anything about mad. I did however suggest it sounded like madness to support something you don't agree with. Doing so says to me that one may not be that much against it. If that is the case I would not believe that those individuals would even consider Ayn Rands philosophy acceptable so it surprises me that you are on this sight. Are you just following Saul Alinski path and trying to stir the pot?
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  • Posted by DaveM49 10 years, 4 months ago in reply to this comment.
    A bit of a tangent: several of the largest iron ore reserves in the world are located in part of the U.S.A. (northern Minnesota). At least one of the mining companies there is partially owned by a Chinese firm. Which means that every American dollar that goes to buy iron is in part paid to the Chinese. Not a good sign.
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  • Posted by term2 10 years, 4 months ago in reply to this comment.
    It pains me to send money to china, only to support a communist country which will one day turn on us. I do have to say the chinese people I have dealt with are very entrepreneurial and are really into customer service. They are a pleasure to deal with. My choice is to buy from chiina, or just stop doing business. We sell about $1M of goods here in the US, and it would all go away.
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  • Posted by term2 10 years, 4 months ago in reply to this comment.
    Its a difficult situation. I am not sure what caused this to happen, but I can see that the difficulties of running businesses in the USA cause the costs here to be artificially higher. The more employees you have here, the worse it is and the greater the risks of getting into burreaucratic troubles. I think we are headed to a venezuela type economy, particularly with the likes of the Obama socialist crowd in power.
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  • Posted by $ Terrylutz3682 10 years, 4 months ago in reply to this comment.
    You missed my whole point. Sorry that I don't have a way with words like you do. As the owner of a business I can only tell you what I saw with my own eyes. Currency manipulation destroyed American manufacturing jobs and contributed to the decline of the middle class. Maybe you should read my book "In Pursuit of Manufacturing Excellance-The Signicast Story". Maybe then you will understand what I am saying.It does not matter now that China owns us.
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  • Posted by $ jdg 10 years, 4 months ago in reply to this comment.
    Read Mises. Subsidizing exports (or taxing imports) doesn't help your country's economy as a whole; it helps the subsidized (or protected) industries at the expense of the same country's other industries and workers.
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  • Posted by $ jdg 10 years, 4 months ago in reply to this comment.
    For every resource there are multiple alternatives. Read Julian Simon's "The Ultimate Resource 2".
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  • Posted by mckenziecalhoun 10 years, 4 months ago in reply to this comment.
    You're an American, right?
    You see the socialism in the country.
    You continue to support it - you're still American.
    Are you mad?
    By the standards you're applying, you seem to judge it so.
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  • Posted by Eudaimonia 10 years, 4 months ago in reply to this comment.
    I'm not predicting doomsday.
    I'm saying that, as China's economy grows, American companies will need more people to interact with Chinese companies in their language.
    People who can speak Mandarin will be in high demand.
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  • Posted by edweaver 10 years, 4 months ago in reply to this comment.
    I like a poitive approach but one also has to understand the obstacles. IMHO americas exceptionalism came more from the freedoms offered by a limited government. People were free to become exceptional. I am positive that if our government becomes limited again we will return to exceptionalism. Once a nation becomes a socialist empire it will take generations to right the ship if it ever gets righted.

    I also believe that it does not matter what country it is. If people are free from government intrusion and control, all people will become exceptional. America is proof.
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  • Posted by $ nickursis 10 years, 4 months ago in reply to this comment.
    Do you really believe we have more than one party rule right now? Does it matter which dysfunctional party has a majority in the US? Both parties claim they "care" more than the other, yet the results are the same. Control of the media? I have to grant some of that, although they just filter out the extreme critical material, there is a thriving underground internet there, as well as texting done. Jail for dissidents? I think we could scrape up some people in jail on some very suspicious and loose charges here. My point is calling a nation "Communist" like some dirty disease, is no longer true, oppression and control can be painted in many colors, even Red and Blue. We are no longer a nation united behind a moral ethos, and a fair application of laws and rules, and that has been going on for a while.
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  • Posted by dfreund 10 years, 4 months ago in reply to this comment.
    One of my favorite homilies is: "If you think you can or if you think you can't, you're probably right.". America's exceptionalism is largely based on our obsession with believing we can. Let's not lose that edge.
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