China Economy Closes On U.s. And Japan

sogood

You are indeed confused, and badly at that! I would suggest that you start with a bit of Wikipedia. Watching Fox News has a deleterious effect on one's intelligence!

http://en.wikipedia.org/wiki/Exchange_rate
http://en.wikipedia.org/wiki/Floating_currency
http://en.wikipedia.org/wiki/Renminbi#Exchange_rate

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Morphed Bianchi Camaleonte IV 2006, Ridley Damocles 2006, Garmin, Mac

davidmc

Ah ha So you admit your error.


I won't hold it against you

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I'm completely in favor of the separation of Church and State. My idea is that these two institutions screw us up enough on their own, so both of them together is certain death.
George Carlin
US comedian and actor (1937 - )

davidmc

That must have went over your head. Adults use this debating tactic from time to time. I should have guessed that you wouldn't have caught-on. Oh well Incidentally Fox (faux) News is one of your countrymen's invention Please explain. Additionally, your PM is conservative so you have the best of both worlds-a right wing news organization & a right wing PM. All that aside, I do like the Australians I have met w/ one exception that is

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I'm completely in favor of the separation of Church and State. My idea is that these two institutions screw us up enough on their own, so both of them together is certain death.
George Carlin
US comedian and actor (1937 - )

willocrew

The Solow Economic model explains China's rapidly growing economy.

However it also predicts deminishing returns to capital investment.

Consequently, the model predicts a tapering off of China's growth, as it approaches the likes of US, Japan.

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Old World Monkeys, Lesser Apes & Cyclists.

Common trait? ~Ischial Callosities~ !!??!

willocrew

This point on "cheating" you bring up only begins to scratch the surface of a more in depth argument made by some US economist over the undervalued Yuan. Furthermore this angle of argument is narrow and incorrect. Some economist blame poor US economic performance on the CHINA PHENOMENON. However this alleged negative China influence dims in significance when you look at the US RGDP attributed to trading with China.

I'll try to find a link to the journal that comments on this. Its very interesting.

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Old World Monkeys, Lesser Apes & Cyclists.

Common trait? ~Ischial Callosities~ !!??!

Carrera

Merry Xmas to you both. Now, where were we.....?
I think in the future we may be looking at a far more diverse America and I can see this has been a major factor of late.
America started out through pioneers who arrived mostly from Europe with very many Irish, Slavs, Germans and Britons. English was adopted as the main language.
However, over the last few years we've seen thousands of thousands of Hispanics arrive (many in the military), more Africans, Arabs and Orientals.
This tells us that in another 20 years there is going to be a whole series of Americas in one America. There will be African America, Arab America, Hispanic America, Asian America and European America.
Somewhere at the top will be a President. As in the case with the Romans, eventually these Presidents may be African, Arab, Jewish, German and whatever.
America still isn't as diverse as Rome in 300 A.D. but it's getting there.
Even today, many military decisions are taken by Hispanic generals which, I figure, may partly explain the sudden abuses of human rights that wouldn't have been acceptable some years ago in the U.S. In countries such as Argentina, abuses of human rights are fairly commonplace. Sometimes imported ways of doing things become grafted in but we've been brainwashed into the belief all immigration must be a positive - never a negative.
This is the problem America already has - the contrast of values and the emerging Americas. This is what causes so many problems for the Romans. The Romans started out as a kind of Italian/Latin superpower with a Senate but became more diverse as time passed by and more peoples were absorbed. This diversity led to disunity in the infrastructure and contrasting value systems and many difficulties. Even Latin was virtually replaced by Greek.
I recall Margaret Thatcher did refer to this some years ago. She once stated America was turning its back on its root values and becoming too diverse. What horrifed her was the idea Spanish could be the main language in the U.S. On the quiet she believed America was becoming too open to cultural change.

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"Everybody has a philosophy. However, what philosophy you have is a matter of choice, and most people don't make a conscious choice with regard to what philosophy they accept."

davidmc

Its simple really. Thier wages are a tiny fraction of ours & they don't enjoy workers rights. Our rich industrialists are pressed to send their production overseas to compete w/ other industrialists who do same. U.S. productivity rises every year BUT w/ a marginal wage increase due to the sea of imports that come into this country I beleive Nixon/Kissinger thought that increased trade would bring about freedoms in china. How wrong they were for all concerned. Our stores over here, all of them, should be named "China 'R' Us". Everything is made by slave (read-underpaid) &/or child labor w/o just compensation. Is the communist parties control weakening during all of this Not noticeably so.

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I'm completely in favor of the separation of Church and State. My idea is that these two institutions screw us up enough on their own, so both of them together is certain death.
George Carlin
US comedian and actor (1937 - )

sogood

Your depth of knowledge and analytics match that of your present day President, who argued and sold his Iraq/Regime Change concept to his populace in a similar way... It's simple really!

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Morphed Bianchi Camaleonte IV 2006, Ridley Damocles 2006, Garmin, Mac

sogood

I agree. The strength of America has always been its diversity and it's ability to attract the creme de la creme from every country. But it'll be interesting how it works out for the Muslim sub-group there in America.

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Morphed Bianchi Camaleonte IV 2006, Ridley Damocles 2006, Garmin, Mac

Carrera

Is there really strength in diversity as the U.S. claims? Plato, for one, disagreed. Roman generals always used the diversity of people they fought against as a means to "divide and rule". They used these tactics against Britain since Britain around 100 B.C. was a tribal nation made up of groups of Celts and Germans. They were too divided to resist the unified Romans which is something Caesar understood very well.
The Greeks always analysed disunity in other societies. They understood if you arm a dozen or so ethnic groups within a country, the war is half-won before you even send your troops in.
The U.S. in my opinion never was a superpower in the sense it's been portrayed. It was the same thing with the USSR. Both countries were propped up only by nuclear weapons but internally there were all sorts of problems. The U.S. has never been tested by an invading army as Russia was in WW2 and always relied on a huge stack of weapons controlled by a political elite at the top. However, beneath all that, the U.S. has many many chinks in its armour.

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"Everybody has a philosophy. However, what philosophy you have is a matter of choice, and most people don't make a conscious choice with regard to what philosophy they accept."

davidmc

Don't forget about 1776. However, more contemporarily, we do have our share of over-fed, inactive, cow's.

__________________
I'm completely in favor of the separation of Church and State. My idea is that these two institutions screw us up enough on their own, so both of them together is certain death.
George Carlin
US comedian and actor (1937 - )

sogood

The angle I look at is that the US has been able to attract the most talented people from around the world and accept them into their society and work environment ie. Tolerance. This has been most prominant since the end of WWII and has been an important factor in its technological, economic and political growth. Effectively, countries around the world spend the time, money and energy to train and educate their populace and the best of them goes off to the US to work. This brain drain is a real problem for some countries, Australia included.

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Morphed Bianchi Camaleonte IV 2006, Ridley Damocles 2006, Garmin, Mac

Carrera

I believe it makes sense invest in imported brainpower as it were but maybe China is doing this differently. China now allows Americans to work in China if they're proven to be highly skilled in business or science/technology. The same goes for all imported "specialists".
However, there's a significant difference between China's stance and what we see taking place in Europe and the U.S. European immigration has followed the U.S. pattern of allowing virtually unrestrained immigration so we see thousands of semi-skilled or even unskilled immigrants arriving.
I agree with your point the U.S. benefited from free immigration but we need to also bear in mind U.S. immigration wasn't only directed to foreign specialists. Many criminal gangs or people who don't share democratic ideals (or human rights values) also flooded into the U.S. California especially has a problem with this and even Arnold Schwarzennegger expressed concern over imported gangland rivalry e.t.c.

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"Everybody has a philosophy. However, what philosophy you have is a matter of choice, and most people don't make a conscious choice with regard to what philosophy they accept."

lwedge

What? Einstein was American.... He's from Eugene Oregon!

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