All The Significant Inventions/Discoveries Were Long Ago

You can dismiss the more recent advances like the internet, GPS etc, but they are actually quite significant.

 

I think you're still not getting it.

I'm totally anti Xi.

But, that doesn't justify being STUPID about China's economic power and success.

 

The US is missing from this list?

 

Yeah, Misleading with statistics. Puerto Rico isn't a country. Notice that?

I was taking issue with the point about China's growth rate. It's meant to sound impressive, but meaningless without context. Quite possible for China's manufacturing to be the fastest growing, and fastest shrinking sector of their economy. Especially with the reports coming out now based on what the party admits is best case scenario. Manufacturing is a much smaller section of our economy and we've still way out in the lead as far as GDP goes. So the argument shifts to speed of growth. The scientologists, witnesses, Mormons. Even Muslims. They all like to make that claim. Fastest growing religion. Same thing. Join the communist cult for great growth! We're climbing out of the sewer faster than ever. Promise.

Success? It's smoke and mirrors built on the shell of Chinese style crony capitalism. Steal IP, sell drugs. sell weapons, pay off XI to look the other way until he decides to tighten the one belt.

https://www.alamy.com/a-chinese-boy...euterscarlos-barria-china-image380394574.html

 

China leads the world in manufacturing.

No reputable economic analysis doubts that.

Their GDP growth rate has been WAY higher than that of the USA for the last 20 years.

The US may lead this year by a fraction of a percent, a projection attributed to China's harsh isolation requirements in combatting COVID.

I don't know what you're trying to prove about China's economy.

You should pick a point and try to defend it.

 

Please note that your cite of theglobaleconomy.com says nothing about growth rate or anything else you even mentioned.

So, why did you post it?

 

The US GDP is higher than China's GDP by more than all of third place plus half of fourth place. That's why you're focused on growth. That growth keeps shrinking, and has been since Xi started doing that whole reigning in capitalism thing. China's current economy is no longer the economy that produced that growth. That growth was produced by a relaxation of control, not an application of it.

 

https://www.wsj.com/podcasts/the-jo...-economy/e4fd4a7b-8cbe-4072-8188-5a6d56846164

 

If China's growth stays exactly the same as 2021 (about 8 percent), and ours stays exactly the same (about 5.5 percent) it takes 20 years for China to break even with us. (we both meet at about 62 trillion) That's not going to be the case though. China's expected growth rate is 5.5% according to China. That's pie in the sky. Their economy is falling on its face. That's why they want to take Taiwan and shoot missiles at Nancy Pelosi. That's the same old innovation of communism. Run out of stuff. Take someone else's.

 

Yikes the gdp per unit of energy looks real crappy for China..They reallycould use some innovations to get that efficiency up.

Someone better start writing them some software so that engineers can get working on that hardware they don't use.

 

So you're buying a used car. A salesman that cannot lie shows you a car that's just been repainted. Looks great on the outside, but he refuses to let you look inside. He says, This car has the fastest acceleration of all the cars on the lot. Oh yeah, you say? What's it's top speed? Well, it will take second place in a race with all the cars on the lot. How fast are the other cars? Not very, but second is good, isn't it? I guess. Who makes it? It's got a Volkswagen engine, Ford rear end, Chevy transmission, Honda brakes, Kia suspension. What? All those companies collaborated on this car? Actually we built it here on the lot out of parts we stole from neighboring dealers. We pay our team way less than the other guys and can pass the savings on to you! Oh. So how about gas mileage? Gas? No it runs on coal. A mere15 trucks of coal should get you to the grocery store. Did you say trucks? Yeah. We sell those too. And the coal in fact. Though lately our sales have dropped quite a bit owing to the fact that we use so much of our inventory putting together the trucks. It looks like it's been repainted red. Yup. Bosses' orders. The lead will only slow the car down 30% he says. Lead??! Just don't let your kid gnaw on the bumper and you'll be fine. Can I sit in the driver's seat? Not today I'm afraid. We heard a rumor that the guy who installs the seats had a fever and a cough so we welded the doors shut for safety reasons. Don't worry we'll cut him out after the mandatory 2 week waiting period. There was half a bag of wasabi peas in the glove box so he should be good.

I'll pass...

Ya sure? It comes with a free bag of fentanyl and the trunk is filled with Norinco semi autos.

 

Our own fed would not allow the growth rates that China has experienced for decades. There are legitimate reasons to control growth.

Economists looking to understand the slowing growth in China point to China's COVID response, measures taken to limit real estate speculation, and their work on income inequality.

China has been the main driver of world economic growth over the last years. A slowing Chinese economy is something to watch.

We all don't like communism. But, let's be careful about how we allow that to twist economic analysis.

 

Wow.

 

Too late. Besides, you don't limit growth. You limit fraud that takes place during that growth.

 

Visual analogs are better than straight math

Do you want a car that accelerates to 60 faster than a car that accelerates from 70 to 80?

Our rate of productivity increase is slower than a country with less productivity. So what? I just now mentioned the idea that they put 70% of their earnings into vaporware real estate. Who's gonna invest in next year's GDP? The cccp?

 

No, the Fed actually works to keep growth within limits.

I almost never watch media. If you want to cite something, find something from a reasonably trusted authority or analyst.

 

You should just address the issue you care about. Car analogies are ridiculous.

Is your concern real estate speculation? As I mentioned, China is concerned about that, and their policies for controlling that are one of the dampening moves that has slowed standard economic growth measurements.

 

Right, like the growth figures from a country with a central propaganda department that will jail you for not properly studying Xi's little red book.

If there's anything to learn from 2022 it's that you need to read all sources and put it together yourself.

Okay.

Government participation is the cause of their current collapse. It is a direct consequence of their "vision of the future". It had nothing to do with looking forward, and everything to do with the acquisition of the power necessary to impose that vision. My problem is that there is little shade of gray between that statement and "If only we had a benevolent master that we could enslave ourselves to, we could finally achieve bliss" Their government participation is not a strength. It's a great weakness as evidenced by the reality that it was Jiang Zemin's embrace of the market and lack of typical Chinese "strongman" politics that allowed such growth to take place.

But now it's going back to it's cult of personality ways. And that's not a plus for them. That's not just because communism is bad. It's because people believe statements like the one you made are good.

 

I think you are WAY off track from anything I'm interested in discussing, and I've said so to you before.

You want to discuss competing theories of government. That's an interesting topic, but confusing the hate for their system with analysis of the economic situation of today is a BIG mistake.

I'm interested in the economic situation today and the record of the last 20 years.

Our own economy and that of the world is significantly influenced by China's economy.

The recent slowing of growth in China is a harbinger of bad news for the world. And, we need to understand that part of the situation that WE are in.