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 Some Encouraging News Heading Into the New YearThere are several indications about Communist China's internal leadership failures with coming to terms with economic challenges. The basic organic weaknesses of Communism which led to the USSR's demise now is being made evident in China as well. As has been suggested previously, the freedom protests in Hong Kong has started making an impact even within the heavily censored Chinese mainland. |
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I don’t agree with many of the ideals of Communism or China's governing methods, but to argue that China’s plan for governing is a failure that shadows the USSR of olde is entirely off course --- China’s one party somewhat communistic government with a taste of Capitalism appears to be succeeding masterfully and China is well known to be capable of making surprisingly fast adjustments to policies at have profound impact on China’s upward growth, trade marketability, world leadership and economic standing. Not that China’s take on “democracy” isn’t something that can’t be argued by Western style “democracy” pushers, but then: There ain’t no western democracies that have almost 2 Billion mouths to feed. Although the Chinese Communist Party considers the country to be in the initial stages of socialism, many learned foreign observers see China as in transition from a system of limited public ownership to one in which private ownership plays an increasingly important role. Privatization and increasing freedom to make choices about education and employment severely weakened the work unit system that was a basic plan of Communist control over its people. Not that social, cultural, and political as well as economic consequences of reform haven’t created tensions in Chinese society. The show-and-tell argument may well be that gradual political reform, as well as repression of those pushing for overly rapid change over the next decades, will be essential if China is to avoid an overly turbulent transition to a middle class dominated and politicized society |
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This report provides details about the internal problems which succinctly appraise difficulties within the Chinese country. The fact that state run businesses are siphoning off profits from businesses which have been successful speak pointedly about why Consumerist and Socialist systems of government have always failed to last over the long haul. |
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actual China and ex USSR China might call itself communist regime but this nation has considerable inequalities of revenue. In USSR, all the business was owned by the State and the top dogs were high executives of the state. In China, people are allowed to make business and can get very rich, as long as they conform to the law of the dictature - their system is more flexible than the soviet's one. In fact, China is demonstrating that capitalism and democracy are 2 different things which are not related together. Yet, the Chinese could be in trouble economically because they choosed to run into debt to invest a lot in developpement of infrastrucures which are not as rentable as they hoped - Putin has chosen another option : develop slowly, with very little debt. Those different choices have little to do with the political system of the countries. It's a matter of strategical choice. |
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ptit Finally: I strongly disagree that National Debt is an indication of great danger --- The economic dangers of national Debt are highly exaggerated by the political right. China, with it's $5 Trillion plus national debt, doesn't even make the top ten debt to GDP list (Japan is #1 on the list with a National debt of $9 Trillion and USA is #8 on the list). |
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mo-oneandmore 02-Jan-20, 04:43 |
Deleted by mo-oneandmore on 02-Jan-20, 04:43.
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The good news is that USA is still --- by far --- the richest country in the world ($105+ Trillion net worth (assets less liabilities which INCLUDE the national debt)). China is #2 with about 1/2 the riches of USA --- USA holds almost 1/3 of the World's wealth. Countries like Greece, etc are not so fortunate --- Greece is at near bankruptcy and is the recipient of considerable "welfare" from other countries to stave-off it's financial woes. en.wikipedia.org |
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Phoney Money System Since Leaving the Gold Standard! Most everybody who I have heard back from regarding the corruption taking place through the Federal Reserve because they are not following Constitutional guidelines say I am full of malarkey. Maybe I am, but you can not convince me that Woodrow Wilson and the international bankers did not pull the wool over our collective American lives when we went off the gold standard! Ever since we have been playing "Monopoly" with the Federal Reserve money. I watched a documentary video explaining how the gold at Fort Knox has been ripped off, with no accounting to the American people where it went! Anyway, I sure do hope they do not pull another "market crash" like they did in the 1930's. We sure do not need another one of those. |
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Gold standard nuts Not that increasing the value of Gold wouldn't substantually improve the wealth of the rich. |
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@ Inhis - about debt The USA are in a very particular position. As the dollar is (still but maybe not for long), the money of reference in international trade, a dollar is always worth one dollar, which enables the USA to produce as much as they need and finance their debt by making dollars. This is not the case for other countries. |
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Very good and interesting observations. Your point about the Dollar being "the money of reference"; and the fact that other countries - notably, China - are trying to unseat America's influence in this regard. But isn't the Dollar directly tied to the price of petroleum? And with America's petroleum production as high as it is, coupled with the fact that everyone does not have the energy Independence we do means that the Dollar will keep it's trading power for the foreseeable future. On the other hand, our printing all of this money has to cause prices to go up - inflation in other words. Meaning poorer people are going to have a harder time to purchase basic necessities. All of which points to the fact the International Bankers are controlling the world's economies. Which I believe is making them rich. << This is not the case for other countries. >> Again, causing an artificial and unfair monetary system! |
