On that note this may well correct itself over time, seeing as China's economy has only benefited the few (quelle surprise) look at the Gini coefficient and China looks like an M shaped society. Which TBH can only end in drowning in inflation as the large numbers of Chinese exploited demand more money and want part of the pie. Just like their Korean, Japanese and Taiwanese fellows had. Or you get civil strife.
09 November 2010
It's all China fault part 2
On that note this may well correct itself over time, seeing as China's economy has only benefited the few (quelle surprise) look at the Gini coefficient and China looks like an M shaped society. Which TBH can only end in drowning in inflation as the large numbers of Chinese exploited demand more money and want part of the pie. Just like their Korean, Japanese and Taiwanese fellows had. Or you get civil strife.
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Is it possible to support China's "ant" population? (Young, talented people who have no hope of getting work)
ReplyDeleteI think there's a lot of economic hypocrisy out there. People who scream and yell about how awwwwfullllll it is that China manufactures 99% of goods sold in the US then promptly turn around, and buy from Wal-Mart, who bought from China. And if you call them out on it, they'll blubber about "BUT BUT CHEAPEST!!!!"
Yeah, Chinese made is cheap because of some rather bitter realities in our two countries. To expect to buy American and to pay less is expecting to have your cake and eat it too.
As a Buddhist proverb goes, "The frog does not drink up the pond in which he lives."
Do you have any idea how difficult it is to find American made products anymore? Especially in America? Its gotten sad. Maybe I'll open a store that only sells products made in America as a sales ploy. Not this economy though.
ReplyDeleteWhenever Im in Wal-Mart or a dollar store with my friends I sometimes like to like to play a game to see who can find something thats American made.