~ If China it going to be #1 world chief they better do it soon before they go broke — or kill themselves with their own virus "accident " ...
“Investments in the poor” are in schools and training facilities that prepare the poor to get jobs and careers. Handouts are vote getting devices. “Reparations for slavery” are a prime example of a handout which will yield few positive results. I will grant you that getting these things to work is difficult. People have to be willing to work to get trained. They just can’t sit through required classes and come out with something of value. They have give it an effort. One of the solutions is giving parents educational choices. If the local school is substandard, a child should have the opportunity to got elsewhere. The teachers’ unions oppose this, which makes implementing the program politically more difficult. Still, it’s something that needs to be done.
Responsible people believe that you should repay your debts. The student loan program has made college more expensive. Kids get “monopoly money” which gets handed over to colleges. The institutions use that money to pay higher salaries and create more bureaucracy. That raises tuition which prompts students to borrow more money which keeps the cycle over again. What do you say to the honest people who paid back their loans? “Though luck. You were a fool to repay them.” What do you say to the people who didn’t go to college. “You are required to pay for someone else’s education because they don’t want to pay their honest debts.” This is a vote buying program if there ever was one. The people who supposedly are better equipped to raise the money to pay the loans, because of their higher education, get subsidized. Some of them might be quite well to do because of that education. They just want to slip out of their obligations. You complain about public handouts to the rich. There is one.
I think overall that's a little off topic. The American people won't elect Presidents who would have normal energy or border policies. That's a bigger problem than who is President at any particular time. The US is declining because it's people won't support normal policies, such as policies giving us abundant cheap energy. If you can't convince the American people of something so simple that cheap abundant energy is good, I wouldn't worry about American superpower status.
Then the gov't needs to build up production facilities. Which I think the gov't did in one of their recent bills passed this past year. Maybe it was in the infrastructure bill.
I can see it being a world power, yes. But not as world hegemon. (~ world mover-shaker) But it will be much like Russia: China will be “a factory with nukes”. Eventually, our intellectual property will be secure so there goes China’s R&D. Businesses around the world are becoming wary of China and will be taking steps to protect themselves from China’s tentacles. Our transfer of chip tech to the USA means Taiwan will not a strategic asset for much longer - so there is less reason for entanglement in a far away war. (~ 6500 miles). Then we have workers used to the US exporting paychecks to Chinese workers. The outcry is getting louder and the politicians are listening.
Yes, China very soon will became nr 1 superpower and we should be proud of it. China will became superpower thanks to American corporations which outsourced to China American industry. Make American Industry Great Again, this time in China!
Will China be the #1 superpower soon? I doubt it. More likely, the people will put the authoritarian government out of business. It is pretty hard to control a billion people.
Actually you can thank American consumers like you who asked for lower prices in favor of American production. The businesses, as always, just do what their customers want. Businesses don't work like the federal government.
I almost agree with you. Corporations want to makes as much money as possible, even if it means outsourcing American industry to our adversary. Consumers want to buy the best and the cheapest products, even if it is made by our enemies. Government has the power to stop outsourcing American industry to the enemy country and to tax products made by our enemies. So we should blame voters for electing governments which let China to became superpower which now threaten us.
Ironically, Xi might be the reason why China doesn’t get to be #1. His pandemic lockdowns have driven people to revolt which has prompted Apple to look for another country for their operations. He constant military threats are prompting other countries in the area to fear and distrust China. He has aligned himself with the Russians and their imperialist war on Ukraine. Finally he’s been making noises about re-establishing the old Soviet style economic system with central planning boards. That failed before, and it will fail again.
Of course. Their purpose is to exist into the future and that requires profit. The amount of profit affects management compensation. Shareholders demand that to maintain or improve the value of their shares. We could have domestic production with higher prices. Consumers rejected that. One company moved production abroad as a competitive action. Others had to follow for competitive reasons. Obviously so. It is self interest not an interest in the common good and short sighted. It is that same self interest that causes us to have the incompetent office holders to which we give political power. Politicians buy votes and voters return the favor. It is not an appropriate role for government to decide how business management should do business. It would be appropriate for government to impose tariffs on imports. It is a legitimate revenue source that makes more sense to me than taxation. It also motivates domestic production. Every country imposes tariffs. That just sets up a hurdle for business management to overcome. It may motivate some businesses to return but it has to be a decision made by the company.
The government HAS the power to decide how business management should do business. We have laws against employing slaves in in American corporations overseas, against bribing foreign states, against hiring mercenaries in order to conquer foreign states, against selling sensitive security material to foreign nations and much more. For US governments Democrats and Republicans was much more important to secure profits for US corporations than to secure wellbeing of US voters. So now the price of the enormous profits of the US corporations is communist China becoming nr 1 superpower while our industry is decimated.
It was the hope - the Chinese people will be more interested in improving the standard of living and personal freedom than sticking to the communist ideology - it never happened. Chinese communist party know exactly how rule China. During 50thies they starved to death 15 million to 55 million people and nothing happened: https://en.wikipedia.org/wiki/Great_Leap_Forward Millions of people were killed during Cultural Revolution - and nothing happened: https://en.wikipedia.org/wiki/Cultural_Revolution So I doubt Chinese people will put the Communist government out of business.
I don't know what will happen in China. Repressive governments usually fail over time. It is not a stretch to think that this one will also. It happened in the U.S. through revolution and in the USSR through economic failure. It happened to the Roman empire through invasion. Anything is possible.
Over time, all governments fail, including democratic ones. They don't suddenly become democratic because they fail. We bet our industrial base that if China was opened to trade they would become more democratic...we lost that bet.
Nowhere did I write that I thought China would become democratic. We trade with China for business profits, not a road to democracy. Which democratic government has failed? Some have been overtaken by strong arm dictators but I'm not aware of one that failed for being a democracy.
For what? To make us buy the same electronics we are buying from them already? China is ALREADY the "#1 Superpower". We've bankrupted ourselves with our trillion dollar and totally useless military while they took over the rest of the world's industry, which is mainly consumer electronics which they sell to us. They will never take over Taiwan because then we might recognize how we are financing our own destruction and how necessary that has become. No worries, it's a rather benevolent process requiring nothing more than our entry into the world economy which is inexorable no matter how much our own stupid economic nationalism stands in the way. I only hope we can realize this before it bankrupts us yet again
What do we mean by fail and democracy anyway.? The Chinese people are living better now than they ever have in their history The closest thing the Chinese language has to a word for freedom is a word meaning "to run about aimlessly and accomplish nothing" China IS the world premier civilization and has been forever. If you examine world history objectively then we are the outliers, not them.
