04-27-25 savo
"given one party system, the chinese economy and public is more resilient to "pain" than the US one"
brilliantly put..
for all the talk about US democracy the fact is that China is a democracy too.. the difference is that the US is a democracy of two parties and China is a democracy within one party.
Which one is the best one for economic development is an open question.
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04-27-25 panasonic
Ruspan, I'm old school like you, to us productive has a different meaning, but let's face it, intelligent machines are far more productive leaving the young with tons of idle time.
How they invest that time is what will mark their future.
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04-27-25 ruspan
| Spal: "In 2023, China's exports to the US accounted for approximately 14.8% of its total global exports. This translates to $502 billion out of a total global export value of $3.4 trillion. " |
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04-27-25 ruspan
Pana, just a small example :-)
"The Coronavirus Aid, Relief, and Economic Security Act,[b][1] also known as the CARES Act,[2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020"
"Now, when you say US consumers will join the bunch, you see this as a good thing or bad?"
There will be a lot of pain for everybody - but yes, at the long run I see it as a good thing.
Ultimately, people should earn enough money by working and producing useful things or moving science, not by flipping RE or creating uncountable "derivatives". |
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04-27-25 panasonic
Ruspan, you can't separate US consumers from those "printed dollars", money is transferred via buying stuff, not donations.
Now, when you say US consumers will join the bunch, you see this as a good thing or bad? |
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04-27-25 carib
In a less philosophical perspective, given one party system, the chinese economy and public is more resilient to "pain" than the US one. Besides, the RMB does not freely float, and the chinese bond market is essentially domestic.
Trump is forced to look out for bond vigilantes and 401ks more than Xi.
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04-27-25 carib
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04-27-25 carib
| (it'a vary ols japanese Zen Koan) |
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04-27-25 carib
The sound of one hand clapping is the same as the sound of two hands clapping.
(if there "clapping".. there is "sound") |
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04-27-25 spal
Notice how tariffs topic is always framed as "only a matter of time before shortages hit the US" & never "only a matter of time before loss of revenue & excess production start piling up overseas"...?
===
As poetic as it seems - one never can hear the sound of simply one hand clapping. Two must tango. |
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04-27-25 spal
In general the idea in the US is to arrest some of the excess consumption of an essentially unproductive class of people. Since you don't have a party (CCP) that constantly programs you and monitors you it needs to be done indirectly. Moving to tariff (sales tax etc) will make the costs of this consumption more evident to a very large class of people and at some point lead to better decisions (given that their Walmart Vouchers are depreciating).
The people that most benefit from the US system continues to they just do not want it to completely blow up.
China is less healthy than meets the eye and a tremendous amount of their growth is internal (think real estate developments that in vast amounts lies dormant). They would also benefit from a significantly more open econonmy and for the CCP machine to be turned down a few notches. |
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04-27-25 ruspan
Pana: "The one thing world won't find elsewhere is US consumers."
The world never needed them :-) It needed their freshly printed (credited) money!
And this, I am afraid, would be gone anyway.
Once US consumers are forced to pay with what they really earn, they will become just another 350 million people, one of the bunch of 7.5 billion.
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04-27-25 panasonic
Ruspan, on a positive note me think AI is a game changer, I would not use the word "beat" as posted before, but Chinese goods can be replaced, following well structured plans.
The one thing world won't find elsewhere is US consumers. |
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04-27-25 panasonic
Ruspan, not only education also significant impact on healthcare, crime stats and pressure on public services.
You just joined DT's team on immigration :-) |
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04-27-25 ruspan
Pana: Education is low priority in the West lately, contrary to China etc.
Imho there is no way for US to "beat" China economically in a fair competition. The only way would be to try to slow it down - cutting it from the markets, technology, supplies. (the former two is also too late imho) |
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04-27-25 panasonic
Ruspan, interesting list tks.
I see a strong correlation with immigration policies, and makes sense.
Open borders like USA/Europe had in the past years hits directly overall IQ numbers.
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04-27-25 ruspan
Pana: https://worldpopulationreview.com/country-rankings/average-iq-by-country
It is not only about industry. |
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