New Chinese Leadership

Granted there has always been business conducted in other countries but in the past the advantages of doing so were not so great as recently. There was more protection for indigenous industries in the form of tariffs and other punitive measures that made off shoring en mass a lot less attractive than today. A free trade global economy changed all that. China has very smartly taken advantage of this. None of this happened overnight but over a course of at least the last 20 years so nobody paid any attention till the next to last horse left the barn. Where do you keep getting the money to consume goods if a huge chunk of good paying jobs are gone.

Bob

You let the currency weaken naturally. Apparently, that's a politically bad thing to do in the short term.

But it sure would help competitiveness internally if that was allowed to happen.

Dave

I think it is a complex problem but if we in the west were to live like the average Chinese and work under the conditions they do, we would have no problem being competitive. It is just not possible to be competitive and maintain our life style under the current global economic conditions. China simply has too many advantages and is wisely ruthlessly exploiting them to the fullest.

Bob

Quote:

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Originally Posted by BobH

Granted there has always been business conducted in other countries but in the past the advantages of doing so were not so great as recently. There was more protection for indigenous industries in the form of tariffs and other punitive measures that made off shoring en mass a lot less attractive than today. A free trade global economy changed all that. China has very smartly taken advantage of this. None of this happened overnight but over a course of at least the last 20 years so nobody paid any attention till the next to last horse left the barn. Where do you keep getting the money to consume goods if a huge chunk of good paying jobs are gone.

Bob

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This is what I meant when I said they ( entrepreneurial capitalists) killed the goose that laid the golden egg. (the USA worker). The saddest part is the younger generation doesn't even have a clue of what happened. They think that having two or three low paying jobs per day is the norm, rather than one with a decent wage. How could they know? You have to be 60 or older to remember how it was.

The USA worker couldn't compete with the Mexican or Chinese workers. Rather than bring their standard of living to a parity with ours they've headed toward bringing ours down to theirs.

Ah well, Jimmy at least the younger generation is better educated with more college/university degrees than any previous generation. That sure to come in handy when working at those two or three subsistence jobs. :gaah:

Bob

Perhaps the following statement is simplistic, but the way I see it there are only 2 options left available for the youth of today to get enough money legally upon which to live:
1. Inherit it.
2. Marry it.
I truly wish I had the answers...

Quote:

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Originally Posted by mapleleafalumnus

Perhaps the following statement is simplistic, but the way I see it there are only 2 options left available for the youth of today to get enough money legally upon which to live:
1. Inherit it.
2. Marry it.
I truly wish I had the answers...

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I married up :).

have nt read all the tread so if this has been touched upon forgive me.

To those that say the big difference between us and them is the fact that plans are laid out years ahead and we just look to the next day . yes this is true. The big thing with XI is his stated commitment to root out corruption in the party. what makes this so important is two fold, one is that the leader even admitted to their being any corruption in the first place and second is this acknowledgement is a nod to the power of the people the GOV has no choice any longer but to publicly address the issue..

Another key point to look at is his statement about the People being important and his goal of improving life even more for the common man and doubling salaries for everyone to help increase the quality of life Ie. consumerism.

so while there will be no major shifts in power or sharing of power with any new parties its hardly a return to hard line maoisim . though they are being dicks to japan as usual.

Shayne