Should China's economy be a model for the US?

[Oldguy]

Most economic experts predict the Chinese economy will surpass ours to become the largest in the world in about 7 years. In just 40 years or so, China has moved from an economy crippled by Mao's "Great Leap Forward" to one of, if not THE most influential economies in the world.

Their economy, a blend of state control (utilities, oil, banking, aerospace, export/import control), free market capitalism and a social safety net, has raised the standard of living for the average Chinese to rival ours. They are rapidly becoming the world's largest consumer market and, in 2011, bought more cars than we did by several million.

The point is that while China continues to grow, our economy seems to be moribund. Should we adopt the Chinese model?

 

[Sallow]

Which experts are these?

Right now..China's experiencing a mini industrial revolution. That is already stalling, for very much the same reason ours went south for a while.

No regulations.

Also China needs to liberalize it's information dissemination.

If it doesn't, it will be like it's running on a treadmill. Looks like a lot of effort..but goes nowhere.

 

[Katzndogz]

Once the US loses the dollar as reserve currency, anything could happen.

 

[Murhy]

America. Built by the blacks and owned by the Chinese.

 

[JWBooth]

Could be. I am all for reducing state interference in the market

 

[Sallow]

Once the US loses the dollar as reserve currency, anything could happen.

 

[Ava]

Most economic experts predict the Chinese economy will surpass ours to become the largest in the world in about 7 years. In just 40 years or so, China has moved from an economy crippled by Mao's "Great Leap Forward" to one of, if not THE most influential economies in the world.

Their economy, a blend of state control (utilities, oil, banking, aerospace, export/import control), free market capitalism and a social safety net, has raised the standard of living for the average Chinese to rival ours. They are rapidly becoming the world's largest consumer market and, in 2011, bought more cars than we did by several million.

The point is that while China continues to grow, our economy seems to be moribund. Should we adopt the Chinese model?

And for 10 years they have been trying to send their poultry and meats to America. They have not yet been approved, as of this post. I don't want them sending us any of their homegrown foods. Their standards are poor.

No to the Chinese model. They, as our own government, cannot be trusted to act in this country's best interest.

 

[Sallow]

Could be. I am all for reducing state interference in the market

No government interference led to the deaths of 70K people.

Earthquake in China - Sichuan Province - News - The New York Times

 

[Sallow]

Most economic experts predict the Chinese economy will surpass ours to become the largest in the world in about 7 years. In just 40 years or so, China has moved from an economy crippled by Mao's "Great Leap Forward" to one of, if not THE most influential economies in the world.

Their economy, a blend of state control (utilities, oil, banking, aerospace, export/import control), free market capitalism and a social safety net, has raised the standard of living for the average Chinese to rival ours. They are rapidly becoming the world's largest consumer market and, in 2011, bought more cars than we did by several million.

The point is that while China continues to grow, our economy seems to be moribund. Should we adopt the Chinese model?

And for 10 years they have been trying to send their poultry and meats to America. They have not yet been approved, as of this post. I don't want them sending us any of their homegrown foods. Their standards are poor.

No to the Chinese model. They, as our own government, cannot be trusted to act in this country's best interest.

Ah..so you stopped eating US food products?

Because our government can't be trusted?

Bold move.

 

[Katzndogz]

Once the US loses the dollar as reserve currency, anything could happen.

Your ignorance is not my fault.

Is the Dollar Dying? Why US Currency Is in Danger

The U.S dollar is shrinking as a percentage of the world's currency supply, raising concerns that the greenback is about to see its long run as the world's premier denomination come to an end.

When compared to its peers, the dollar has drifted to a 15-year low, according to the International Monetary Fund, indicating that more countries are willing to use other currencies to do business.


Dollar could be in danger as the world?s currency ? RT USA

While the dollar currently constitutes 62 per cent of the $6 trillion in foreign holdings by the world’s central banks, when a historical view is taken into account, Dick Bove, vice president of equity research at Rafferty Capital Markets says the dollar’s actual percentage of total money supply worldwide has gone from 90 per cent in 1952 to about 15 per cent today.

Bove, like many other analysts, believes that the rise of the Chinese currency, the yuan, is at the expense of the US dollar’s dominance as a safe haven.

"Generally speaking, it is not believed by the vast majority that the American dollar will be overthrown," says Dick Bove.

"But it will be, and this defrocking may occur in as short a period as five to 10 years,"

 

[Katzndogz]

Most economic experts predict the Chinese economy will surpass ours to become the largest in the world in about 7 years. In just 40 years or so, China has moved from an economy crippled by Mao's "Great Leap Forward" to one of, if not THE most influential economies in the world.

Their economy, a blend of state control (utilities, oil, banking, aerospace, export/import control), free market capitalism and a social safety net, has raised the standard of living for the average Chinese to rival ours. They are rapidly becoming the world's largest consumer market and, in 2011, bought more cars than we did by several million.

The point is that while China continues to grow, our economy seems to be moribund. Should we adopt the Chinese model?

And for 10 years they have been trying to send their poultry and meats to America. They have not yet been approved, as of this post. I don't want them sending us any of their homegrown foods. Their standards are poor.

No to the Chinese model. They, as our own government, cannot be trusted to act in this country's best interest.

As the Chinese bought Smithfield foods, look for all that trying to sell poultry and meat to America to change into selling poultry and meat to America and taking the trying part out.

Shuanghui Agrees to Buy Smithfield for $4.7 Billion - NYTimes.com

The Chinese are looking to export most of our meat supply to China, and they will send theirs here.

 

[Sallow]

Once the US loses the dollar as reserve currency, anything could happen.

Your ignorance is not my fault.

Is the Dollar Dying? Why US Currency Is in Danger

The U.S dollar is shrinking as a percentage of the world's currency supply, raising concerns that the greenback is about to see its long run as the world's premier denomination come to an end.

When compared to its peers, the dollar has drifted to a 15-year low, according to the International Monetary Fund, indicating that more countries are willing to use other currencies to do business.


Dollar could be in danger as the world?s currency ? RT USA

While the dollar currently constitutes 62 per cent of the $6 trillion in foreign holdings by the world’s central banks, when a historical view is taken into account, Dick Bove, vice president of equity research at Rafferty Capital Markets says the dollar’s actual percentage of total money supply worldwide has gone from 90 per cent in 1952 to about 15 per cent today.

Bove, like many other analysts, believes that the rise of the Chinese currency, the yuan, is at the expense of the US dollar’s dominance as a safe haven.

"Generally speaking, it is not believed by the vast majority that the American dollar will be overthrown," says Dick Bove.

"But it will be, and this defrocking may occur in as short a period as five to 10 years,"

Let me know when the world starts pegging toward the yuan.

Till then..quoting right wing doomsayers is about as valid as chicken little's diatribe about the sky.

 

[Oldguy]

Which experts are these?

Right now..China's experiencing a mini industrial revolution. That is already stalling, for very much the same reason ours went south for a while.

No regulations.

Also China needs to liberalize it's information dissemination.

If it doesn't, it will be like it's running on a treadmill. Looks like a lot of effort..but goes nowhere.

Information dissemination would be a political issue, not an economic one.

 

[Sallow]

Most economic experts predict the Chinese economy will surpass ours to become the largest in the world in about 7 years. In just 40 years or so, China has moved from an economy crippled by Mao's "Great Leap Forward" to one of, if not THE most influential economies in the world.

Their economy, a blend of state control (utilities, oil, banking, aerospace, export/import control), free market capitalism and a social safety net, has raised the standard of living for the average Chinese to rival ours. They are rapidly becoming the world's largest consumer market and, in 2011, bought more cars than we did by several million.

The point is that while China continues to grow, our economy seems to be moribund. Should we adopt the Chinese model?

And for 10 years they have been trying to send their poultry and meats to America. They have not yet been approved, as of this post. I don't want them sending us any of their homegrown foods. Their standards are poor.

No to the Chinese model. They, as our own government, cannot be trusted to act in this country's best interest.

As the Chinese bought Smithfield foods, look for all that trying to sell poultry and meat to America to change into selling poultry and meat to America and taking the trying part out.

Shuanghui Agrees to Buy Smithfield for $4.7 Billion - NYTimes.com

The Chinese are looking to export most of our meat supply to China, and they will send theirs here.

Guess you folks really do like big government.

Federal Meat Inspection Act - Wikipedia, the free encyclopedia

Chinese meat and poultry would never make it past our inspection regime.

 

[Mr Natural]

Cheap, plentiful labor is what fuels China's economy.

 

[Sallow]

Which experts are these?

Right now..China's experiencing a mini industrial revolution. That is already stalling, for very much the same reason ours went south for a while.

No regulations.

Also China needs to liberalize it's information dissemination.

If it doesn't, it will be like it's running on a treadmill. Looks like a lot of effort..but goes nowhere.

Information dissemination would be a political issue, not an economic one.

Actually it is.

If you are blocked from reading about new technologies, that has an impact on your economy.

A big one.

 

[Oldguy]

Which experts are these?

Right now..China's experiencing a mini industrial revolution. That is already stalling, for very much the same reason ours went south for a while.

No regulations.

Also China needs to liberalize it's information dissemination.

If it doesn't, it will be like it's running on a treadmill. Looks like a lot of effort..but goes nowhere.

Information dissemination would be a political issue, not an economic one.

Actually it is.

If you are blocked from reading about new technologies, that has an impact on your economy.

A big one.

Of course it has an economic impact, but even in this country the economy does not dictate the limits of information sharing.

 

[Oldguy]

Let's pick a specific of China's economy and apply it to the USA.

Should we have a government controlled banking system, rather than the privately owned FED?

 

[Ropey]

I like the US economy.

Ghost towns of China: Satellite images show cities lying completely deserted

China's is very flimsy even if somewhat more robust at this time.

 

[Unkotare]

Most economic experts predict the Chinese economy will surpass ours to become the largest in the world in about 7 years. In just 40 years or so, China has moved from an economy crippled by Mao's "Great Leap Forward" to one of, if not THE most influential economies in the world.

Their economy, a blend of state control (utilities, oil, banking, aerospace, export/import control), free market capitalism and a social safety net, has raised the standard of living for the average Chinese to rival ours.

The average? No.