IS AMERICA GOING TO THE DUMPS AND CHINA RISING? PART FOUR
Posted: August 13th, 2007 | Author: Stock Pitcher | Filed under: Econ Talk | No Comments »The continuation of the discussion of how America is faring in this new global economy from my buddy: Read Part One, Part Two, and Part Three
This is the Rebuttal to the Second Support for China:
So now we have to figure out while the Euro is growing against the dollar. Is the European counterpart much better equip as a country than the US. I really say no. Their emphasis on jobs and socialism really puts them at a disadvantage against the highly capitalistic US while all the talents of the world come here (well not quite with these retarded immigration restrictions – we need to solve this because imagine if the US stole all the global talent because we all know that all the talent would go to the US because of the higher wages – from China, India, Europe anywhere because our corporations can afford this but keep in mind we are developing egineering and design facilities all over the world to take advantage of this as well while maintaining the best talents in the States while using the best talents of the world) What do you say to that! But Europe is only growing because of the Eastern european state and not because of growth. Germany, Spain, France and everyone else is not growth either. If the US can annex Canada and Mexico, we could destory the world but too bad we can’t.
I agree that China is exporting everywhere in the world but as the wages in China growth and their competitive advantage disappears because they are destroying their country so that they can make money. Look at the rivers, the skies, the land, the pollution, the disease, the air….there is no price on that. While they keep growing uncontrollably, there is neglect of the environment which is becoming damaged beyond recognition. So is there a price on that? Also what about the humanitarian issues that China will face eventually, that will cause wages to rise and the cost associated with health care, retirement, welfare, etc. What will happen if they don’t take care of all those issue…will that cause their economic advantage to go down?
So that’s the end of the discussion. Only time will tell whether America and withstand the growing global powers around the world. Japan was once great and now it’s a shadow of itself. Will America be the same way? Will it end up to be a lumbering giant among great superpowers. We’re not the only super power anymore and that’s one truth that we all have to face. From outsourcing to military power to capitalistic dominance, the world is getting more competitive.
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