Why is China supposed to be the future?

JohnRichards

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Aug 12, 2014
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A lot of economists see a dim future for the US and a bright future for countries like China and Russia (also blogs like ZeroHedge). Especially China.

China doesn't even have a democracy. The people there are very poor and most live on very poor health standards (smog, food).
They might have a high population and a high GDP, but that's basically all I see there. They produce plastic for the whole world and they are good at copying things but there doesn't seem to come any pioneering or innovation from them. Let's not even talk about social issues (freedom of speech in China?).

Most innovation still comes from the US. Especially the tech stuff, the way I see it the US is the absolute undisputed trendsetter and pioneer when it comes to any tech or internet stuff.
Ok I get it the US has a lot of debt but wouldn't any country take that much debt if they could? (Implying someone would borrow $16 trillion to Zimbabwe).

Why all the US bashing and China/Russia love? Those countries are medieval compared to the US....
 


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First.

Why do you think we give a fuck about this issue, or what you think in general?

Explain.

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<...>
Most innovation still comes from the US. Especially the tech stuff, the way I see it the US is the absolute undisputed trendsetter and pioneer when it comes to any tech or internet stuff.<...>

You have no idea, right?

'MURRICA!

Edit:

Adding some laughs:

MP3 --> Frauenhofer Institute Germany
4G --> First deployed in 2007 (South Korea, WiMAX) and Norway and Sweden 2009, US --> 2008 (wimax) 2010(LTE)
Bitcoin --> Japanese inventor
HTML --> Tim Berners Lee (Brit) at the CERN in Switzerland

etc..

The US is still one of the main drivers, but don't delude yourself into superiority thinking.

::emp::
 
Last edited:
NOBODY does capitalism today like communist china... They've already surpassed us in many ways, including the friggin GDP.

This chart's a few years old, but they've stayed on schedule excepting for when they passed our GDP earlier this year.

DHQNIqH.gif
 
You have no idea, right?

'MURRICA!

Edit:

Adding some laughs:

MP3 --> Frauenhofer Institute Germany
4G --> First deployed in 2007 (South Korea, WiMAX) and Norway and Sweden 2009, US --> 2008 (wimax) 2010(LTE)
Bitcoin --> Japanese inventor
HTML --> Tim Berners Lee (Brit) at the CERN in Switzerland

etc..

The US is still one of the main drivers, but don't delude yourself into superiority thinking.

::emp::


I think you are cherry picking examples.
Yes I'm aware that others contribute but I cannot understand why you would even question the US superiority.
And regarding Bitcoin, how do you know it's a japanese inventor?

Look at Alexa topsites, you can see the domination of US innovation. There are a few clones from china/russia that are merely copying US concepts for their langauges (and given that they have higher population it's a joke china isn't dominating the top 10)
 
Look at Alexa topsites, you can see the domination of US innovation. There are a few clones from china/russia that are merely copying US concepts for their langauges (and given that they have higher population it's a joke china isn't dominating the top 10)
You're living in the past.

Besides growing tax rates, here's what companies have to look forward to today when choosing where to set up shop:

tumblr_m7bbtnmSoP1rbxfido1_r1_400.jpg
 
NOBODY does capitalism today like communist china... They've already surpassed us in many ways, including the friggin GDP.

This chart's a few years old, but they've stayed on schedule excepting for when they passed our GDP earlier this year.

DHQNIqH.gif

Ok the US is outsourcing their labor force to china and this graph is reflecting that.
Would china be that strong without US demand?
 
Alexa topsites as an indicator of technological innovation?

wut?

You do know that technology consists of much more than websites, or even software right?


::emp::
 
Ok the US is outsourcing their labor force to china and this graph is reflecting that.
Are we even looking at the same chart? Fixed investments, Foreign assets, Cars and Patents? Those aren't what cheap labor buys you; in many cases they're the bosses.

Do you know how big Tencent is? It makes both facebook and google look like startups.

Also did you know about the high-speed Chinese rails being laid across Eurasia right now? The rails being laid across an empty continent made the USA a superpower... Imagine what high-speed rails that can take cargo from Korea to Scotland could do for them!


Would china be that strong without US demand?

Of course not, we're still a richer people with a strong appetite for their goods... But we won't always be able to afford them. Inflation rates in the US are so much worse than what is being reported that it's getting impossible to even listen to them any more.
 
You've hit the nail on the head in the OP: China don't give a fuck about IP or human rights = cheap goods.

OK, granted the entire world economy is somewhat tied to the States - but it's not just the US - China is the worlds factory. Arguably their economy (especially real estate) might be a bit of a bubble, but this has created a growing middle class which place a high value on education (more innovation en route) AND they invest their surplus for future prosperity.

The soft imperialism exercised via investment is very clever. If you're a shithole country in Africa with resources they will come along and say: "Hey, we'll build roads & some basic infrastructure in the area, in exchange for these rights at a knock-down price." Of course the labour and expertise for these projects is just imported from China. One good example of this type of investment, off the top of my head: China Boss in Peru on $50 Billion Peak Bought for $810 Million - Businessweek

I'm no economist anyway, but given that nearly 20% of the world's population is Han Chinese, it sort of goes without saying that they'll play a key role shaping the future regardless, lol ;)
 
Because Chinese firms have firmly embedded themselves in the sourcing of natural resources from nearly every country in the world? That would be one reason. While the US has been busy playing global domination militarily in the Middle East, China has been silently doing the same thing except economically, and they're doing a good job.

Oh, and they're the world's manufacturing capital too! This becomes pretty important when all hell breaks lose, and you need to manufacture shit like tanks faster than your enemy.
 
Also did you know about the high-speed Chinese rails being laid across Eurasia right now? The rails being laid across an empty continent made the USA a superpower... Imagine what high-speed rails that can take cargo from Korea to Scotland could do for them!

trains so fast they cant give no shit about oceans
 
To add what others have said.

Jonbird is right, they do the same in the middle east.
In Tadjikistan, they just built a huge, modern hichway connecting them to China.
They are also invested in the rest of the 'stans .. not because of humanistic reasons, but because they are a trade hub.

China is also literally buying up strips of land and whole cities in Africa and Eurasia.

Rare earth minerals, anyone?

And we have not even talked about military power.

::emp::