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

[Dont Taz Me Bro]

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?

Is this a joke?

 

[Unkotare]

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.

They have loads of regulations, they just also happen to have loads of corruption. A long and pretty-much accepted tradition of it, really.

 

[Unkotare]

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

Then you don't want to emulate China's economy.

 

[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. 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.

You didn't hear the news yesterday?

 

[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?

Is this a joke?

No, it's not.

 

[Katzndogz]

China is actually adapting and modeling it's economy on what worked in the US.

 

[boilermaker55]

No.

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?

 

[Oldguy]

China is actually adapting and modeling it's economy on what worked in the US.

In what way?

 

[Harry Dresden]

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?

as soon as the Chinese worker starts wanting more.....like 15-20 bucks an hour....things will change....

 

[Harry Dresden]

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 a 7.9 Earthquake is going to do some damage ...Govt or no govt interference.....

 

[Mr Natural]

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?

as soon as the Chinese worker starts wanting more.....like 15-20 bucks an hour....things will change....

But first they'll be put in front of an open pit and machine gunned as a warning to the next bunch of workers wanting more.

 

[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. 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?

as soon as the Chinese worker starts wanting more.....like 15-20 bucks an hour....things will change....

But first they'll be put in front of an open pit and machine gunned as a warning to the next bunch of workers wanting more.

Maybe not.

 

[AmyNation]

Chinas growth is not sustainable. They are working on flimsy footing with an already floundering industrial boom, industries built on the backs of near slave labor and businesses proped up by government intervention.

 

[Harry Dresden]

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?

as soon as the Chinese worker starts wanting more.....like 15-20 bucks an hour....things will change....

But first they'll be put in front of an open pit and machine gunned as a warning to the next bunch of workers wanting more.

and then the revolution begins....

 

[TakeAStepBack]

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?