Why China Isnt Happening Yet


I have found it interesting to read about Chinese tube amps for a fraction of the price of US, how China is taking over the world etc.

A colleague of mine in the trading and investment business is actually thinking that the prosperity of the US is over forever, Medicaid/Medicare and our pension system are bankrupt, interest rates are going up, the housing market is going to collapse and one day Americans will figure out that there is more than one currency in the world.

At that point, the US will experience flight capital for the first time, and then we are really in big trouble.

Now some of this worries me, but I thought is was interesting that of the 6 or so, bargain priced, obviously knocked off in China, toys that were given to my baby boy for Christmas....

NONE of them worked properly?!?!

The robot? He wouldnt wind up, didnt walk, and sparks failed to fly from his mask.

The magic sliding coin tray? Also didnt work, and was so cheesily made that the mechanism was obvious.

Radio controlled car? Had a range of about 10 feet -- no fun at all.

Now none of this excuses the problems we may have here in America, but FYI I am less likely to buy a tube amp from China in the New Year.

Cheers.

cwlondon
cwlondon

Showing 2 responses by danlib1

Cruz 123 nailed it. China is growing exponentially, but their people are going to become more savvy and demand more. Will China loosen the chains or drop the Maoist shit on 'em?

Stay tuned, this ones far from over.
Just a couple of thoughts...

to describe human nature as "selfish" is not unlike calling an elephant large. What we call "selfishness" is simply a basic human trait. Sure we try to rise above our base instincts, but they are in the end an inseperable part of human beings. That's why every attempt at idealized "egalatarian" socities has failed. These systems ignore the fact that you don't get gold from cow shit.

Western style democracies with free market economies approach the subject from the opposite end- acknowledge this "selfishness" through respect for personal property rights and personal freedoms. Yeah, it can be ugly in some respects (lopsided distribution of wealth, etc.) but it at least recognizes the basic traits of human beings and attempts to channel these traits productively.

Now, as for this term "right wing facist"..

Germany and Italy, as "AXIS Powers", were National Socialists. In National Socialism, private parties can own the means of production but government determines what is produced and the quantities thereof. According to Marx and Engles, National Socialism is NOT "right wing"- it is in fact a stepping stone toward the "true communist state".

China, and the USSR, have never really been communist. They have always been subject to rule by party personalities with no term limits, who ruled with absolute power until they died. The "common citizen" in China is no worse off than he was under Maoism, and far less likely to die at the whim of the party leader.

What will be interesting is how China will control it's citizenry's desire for prosperity. It won't be easy, given our selfish nature :)