Quote:
Originally Posted by kirakira
That is a whole lot of bullocks at the rate US is digging them a hole. As soon as China stops buying T-notes, the US dollar is going to fall through the floor and do you think the government has any money to pimp up its military with a 12T debt and growing by 3.2 billion a day as we speak and an extra 54T in additional spending of the money they don't have?
China is in a trasitional stage where it is going from a exporting nation to a consumers nation. It needs to for its economy to survive, it can't be a world factory forever, because the rest of the world is practically broke, given your prediction, it will collapse before it even gets to that stage.
I mean you are letting your ideals rear its ugly head again and it is totally unrealistic. Democracy trumphs Authoritarism, as Singapore being a shiny example, thats just a whole lot of crap. Sound economic management leads to prosperity, not democracy. These days US government is owning private assets at an alarming rate, it is turning in to a socialist state.
I don't blame you for not being a economist, cuz clearly the things you are saying is completely contrary to economic realities. Remember, money talks.
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Sure it will become a consumer nation... I'm not denying that.
But tell me... how will China become a consumer nation without a middle class?
You keep referring to Singapore as empirical evidence that you're right and I'm wrong.. I see it as proof that things are not as black or white as you think I'm saying they are. Sound economic management may not necessarily lead to democracy... but it leads in it's direction.
Also you dismiss ideals... but the fact is that ideals are powerful.
For example... ever hear of Democratic Peace theory?