Originally Posted by drobforever
People here throw the word 'free-market' around like there's actually one here. It's pretty sad when people have been brainwashed to think that whenever there's a market, there's a free market. If you want free market, 1st you need private property rights, that's been proven by economists since the 1930s. But in China, people don't even own themselves as private properties, they can't speak freely, they can go choose their job freely, they can't interact with others freely, it's not a free labor market at all. Time to wake up folks.
gosh, man, you are the reason why china is kicking our axx and keeping doing it for at least the past 10 years. if you can not wake up, 10 years later you would wake up with another trillion debt from china.
china DO have private property;
china DO speak freely as long as you don't want to explicitly overrule gov;
china DO choose their jobs freely;
china DO interact with others freely;
china DO have a free labor market;
in certain sense, china's capitalism is very much like that of japan in 80s.
it is not currency issue at all. over the past 5 years, chinese YUAN raised to 6.3-to-$1 conversion rate from 8.5-to-$1. look at our deficit with them, it is not shrinking, but increasing!!! those god damned politicians in washington all wanted to cry like baby for something they don't want to admit: they did not manage this country well. we are still importing the same stuff with higher price while american have to pay that difference from 8.5 to 6.3.
it is not the cheaper manufacture in china causing america into this madness. american have been outsourcing labor to east asia since ww2. my kitchen cabinet was made in korea in 70s. so if not china, someone will pick up these labor intensive work.
what went wrong america?
i am surprised to hear that our president asked a private sector CEO for some basic field situations. where are his advisors? can't they provide some better stuff?
we are proud of our democracy. but please take a look at the price we have to pay. don't take me wrong about democracy, but i don't think we need spend almost a billion to elect a president. yes, every 4 years, we have a new president. but take a deep look at washington, they are all the same old people your grandparents and my grandparents knew. when they are elected to be expected to fix problems for us, they would do nothing literally until their time is up. then we would have to pay to elect another one among them. we all called up chinese government as dull and undemocratic. but can anyone tell me how a god damned undemocratic country lent us a trillion dollar! ya, politicians blamed china cheaper labor or currency manipulation and unfair trade. but, i did not hear anyone among them pointing out what went wrong with us.
you know what? sometimes, i think we have to ask chinese to adopt the same political system as we do. this way, it would exhaust their money to elect their leaders and fail them and collapse completely. just like after a bank collapse, we, as owing china money, would be debt free.