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22 Comments
- NanoStuff, on 10/12/2007, -0/+5"China is all about cheap and fast, and some things can't be built that way. It doesn't stop them from doing it anyway though."
It doesn't stop you from buying it. They make cheap stuff because there is a demand for cheap stuff, they're only giving the world what it wants. When the day comes people no longer desire to purchase cheap stuff, they will stop producing it, economics 101. - NanoStuff, on 10/12/2007, -1/+5I for one am excited about China and India's rapid advancements towards modernization. Not only for the fact that after being stuck in the economic gutter for such a long time, they well deserve it, but also because the technological benefits the two largest countries in the world can create because of this change is staggering.
Look at the United States, 300 Million, a mere number by comparison, and look back at the huge strides in science that have come out of this country over the years. Now picture a United States with 2.5 Billion people; eight times the scientists, eight times the research facilities, eight times the productivity, eight times everything. Nanotech/Biotech facilities in China are spreading like wildfire, it shall be an interesting century ahead. - NanoStuff, on 10/12/2007, -0/+4I was also going to mention Discovery Channel is running "China Week" this week; at least in Canada. It's worth checking out.
Their international trade value went up 700% over the past 8 years, I can't begin to imagine that kind of growth. - kendawg, on 10/12/2007, -1/+3Is anyone else scared of China right about now? Or is it just me?
- ishmal, on 10/12/2007, -0/+2An amazing fact. What is even more remarkable is that somebody somewhere has the resources to snip 1/3 off each and every chip in the world.
- inactive, on 10/12/2007, -2/+4I'd be scared of China if they had the slightest concept of quality control. They still build junk by and large, and are more apt to trash a faulty product than redesign the manufacturing process that made it junky to begin with.
Remember about a decade ago, getting crappy toys and electronics with the golden MADE IN CHINA or MADE IN TAIWAN R.O.C label on them? You always just sighed and hoped it worked for more than a week.
China is all about cheap and fast, and some things can't be built that way. It doesn't stop them from doing it anyway though. - NanoStuff, on 10/12/2007, -0/+2"All levels of China's government, top to bottom, are rife with corruption -- siphoning away money from the system. "
I probably don't have enough information to judge, but I can't see how that's much different than the United States; as an example. Surely there are the good mixed in with the bad.
There's only so much money these people can leech out of the system, life goes on. Whatever corruption there may be isn't stopping their immense growth. - inactive, on 10/12/2007, -0/+1If you're American, you know that India and China's growth spells nothing but trouble. I think the West (Europe and America) are the only countries that can actually handle having money without feeling the need to blow something up. Look at the middle east right now. If they didn't have money, we wouldn't have the ongoing threats from "terrorists" or extremists. I can definitely see a Communist state like China trying to take over the world and failing or possibly even India, if they develop correctly. This has happened multiple times in the world, from WWI w/ Hitler to WWII where even Japan tried to get in on the fun. It's inevitable it will happen again. And at the point that these two countries are revolutionizing, one being under Communists rule, I will say we could expect a war within the next 20 years.
P.S. Digg me down but, a lot of countries want what the West has, but few countries will admit the fact. It's pretty much an ongoing cycle. - inactive, on 10/12/2007, -2/+3You also can't begin to imagine the commercial pollution that poisons every inch of China as a result of rapid, unregulated growth. If you ever visit China, bring a respirator, you'll need it just about everywhere you go.
- robbiedo, on 10/12/2007, -0/+1I have a drawer full of them..and a couple of boxes in the garage. 8 out of 10 are no longer used iPods...and a Turbo Grafx Express.
- imkookoo, on 10/12/2007, -0/+1Big whoop. These articles always seem to me like a comparison of who has the bigger.. Wang! Pay attention!
- Satanael, on 10/12/2007, -2/+3Semiconductors are the only thing America has going for it these days...
- NanoStuff, on 10/12/2007, -1/+2"You also can't begin to imagine the commercial pollution that poisons every inch of China as a result of rapid, unregulated growth. If you ever visit China, bring a respirator, you'll need it just about everywhere you go."
It's pretty bad in some places, Japan isn't particularly happy about it either; the pollution reaches their west coast. But that's the cost of rapid industrialization. It won't last forever. - nullcodes, on 10/12/2007, -0/+1Since US unemployment is at what 5% .. let's say it's misreported and the real number is 10% ... that's still only 15-20 million people (10% of labor force which is reported as 150 mil by the DOL). The number of people needed to make all the stuff we have today is WAY more than 20 million.Truth is, if we wanted to have cheap clothes, shoes, cars with all the improvem,ents/features of today, computers, microwaves, refrigerators... we would have to work more, harder and in crappier jobs (factory work).
The number of hours you need to work to afford a refrigerator or computer has been steadily decreasing. Look up the numbers. Per capita number of phones/cell phones is up. Per capita number of music players is up. Per capita tv's? Up. Etc. Long term if the whole world was allowed to participate in the economy, people would not have to work even 40 hours a week to afford a decent standard of living. Also why is healthcare cost rising? Why are real estate prices going up? If people were broke .. services would cost less .. but instead why are costs going up?
So unless u want people to work in factory jobs slaving away and the number of things u can afford to reduce .. don't think trade is bad. Closing the door on trade has been tried before, not just by the US .. but by other countries ..always with disastrous consequences.
Comparative advantage folks. - nullcodes, on 10/12/2007, -0/+1If trade is bad, how come the declaration of independence cites the cutting off of trade as one of the reasons for seceding from the Brits?
Quote: "For cutting off our Trade with all parts of the world" .. hey if trade is detrimental, evil .. how come it was considered a bad thing when the british prevented it? Isolating oneself, and preventing people from buying things from abroad was not good policy 230 years ago .. and it's not good policy today. - tmcdigg, on 10/12/2007, -0/+1why you may ask?
because china is not generally the place for innovation.. it's just the world's XEROX machine... just like the Japan, Taiwan, Hong Kong of 1946-1990.
a better question to ask is, what will happen when millions of chinese say they don't want to be the world xerox machine anymore.. - piratearggghhh, on 10/12/2007, -1/+1I'm not worried about China - they're big and rapidly growing but on the backs of dirt cheap labor, not on the merits of their R&D - which is basically reverse engineering and bootlegging. They're too cheap to think in terms of long term investments for a quick dollar (or yen) today.
- inactive, on 10/12/2007, -0/+0"Besides a near-historically high Dow, a very low unemployment rate, opportunities at every turn for anyone willing to try, and this past great summer weather?"
...Astronomical amounts of debt (both public and international), crippling trade imbalance, plummeting human rights and the target of the world's terrorists.
Ok, you can keep the "great Summer weather". - shrewduser, on 10/12/2007, -2/+2"If you remove the Japanese and Taiwanese markets from the equation, the US market percentage is larger than every other nation in the rest of the world—combined."
lol. - Rayonic, on 10/12/2007, -2/+1"Picture a United States with 2.5 billion people"? Not gonna happen. China's economy may still be rocketing up, but the endemic corruption of the Chinese system will eventually catch up to them.
All levels of China's government, top to bottom, are rife with corruption -- siphoning away money from the system. As long as the economy grows faster than the leeches, they're fine. But it can't go on like this forever.
Not sure about India. They seem to be in a better position overall, though they do have their own problems with class mobility and hindu/muslim conflict. - inactive, on 10/12/2007, -2/+0Besides a near-historically high Dow, a very low unemployment rate, opportunities at every turn for anyone willing to try, and this past great summer weather?
Oh yeah, and a shortage of workers to fill manufacturing jobs doesn't hurt wages much, so that's nice:
http://www.nam.org/s_nam/doc1.asp?SID=1&DID=237441&CID=67&VID=2&RTID=0
Yep, all we've got is semiconductors. - Bigcat1021, on 10/12/2007, -6/+1I am getting f@@@@@@ by the comment system right now.
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