A Question For the China Squad
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  • Yes, it will fizzle out, if not collapse.

    China will grow old before it grows rich. Just look at the demographic disaster brought on by the one child policy combined with their idiotic penchant for aborting girls.

    Google the words “china’s ghost cities.” They have been levitating, and it’s going to be a hard landing.

    Unrest, stagnation, repression, are on their way.

    We Americans always feel like our competitors are ten feet tall, right up until they collapse. Our worst enemy is our profligate K-12 and University systems.

    No outside power can defeat America. We can only defeat ourselves.

  • YES, most emphatically (IMO).

  • Mark Michael

    Conservatives wondered why the leftist elite got away with touting the Japanese “miracle” with its MITI industrial policy as vastly superior to our more decentralized private sector approach (e.g., Lester Thurow, MIT econ prof) for so long. It’s been 20 years since it became apparent that approach was inferior. Japan has had a stagnant economy for two long decades. Its public debt now exceeds 200% of their GDP. That is higher than Greece, Italy, Portugal, Ireland. (The reason it hasn’t resulted in panicked withdrawals and higher interest rates is that most of it is borrowed from their Post Office, which doubles as a saving bank for most Japanese. The Japanese are big savers.)

    Where are the public, serious, mea culpas? Is there any hope for a change in their thinking to, say, a more “progressive” way that actually WORKS? They claim to be Progressives, but to what are they “progressing”? They seem stuck in the mud.

    Their central planning ideas were first advocated by early 20th century thinkers who idolized Henry Ford and his assembly lines. Workers as cogs in a wheel.

    Our MSM downplays it, but China has had an increasing number of “incidents” (read: riot-level demos) for over a decade. I believe they now approach 100,000 per year. Imagine if the US had 25,000 riots (adjusting for pop.) across the US each year. (No, the Occupy Wallstreeters don’t really match the worker-level riots in China.)

  • Kris

    now that the high speed rail in China has turned into a huge public embarrassment, the Chinese green tech world is choking on excess capacity, and there is increasing unease about the bubble in Chinese assets driven in part by state-led policy loans, what do we do now?

    Silly Mead! Dontcha know that the principles are sound, it’s just that the Chinese didn’t do it right? So to answer your question: twice as fast, twice as high, twice as strong!

  • Corlyss

    Americans have suffered from an inferiority complex since, oh, 1607. Things are running pretty true to form re: China. We have nothing to be ashamed of or feel inferior about. No need to change from being ourselves.

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