DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - China's Trade Surplus

**scoundtrack** · 05-29-2007, 06:01 PM

For the record, the title of that article was "Pirates and Sanctions."

In my opinion, any country that has a society with so much internal repression, so many restrictions on foreign investment, such a poorly-established system of laws and standards, and a central government planning virtually the entire economy doesn't equate to capitalism. Capitalism at its finest? Far from it. Check back in a few decades.

For the record, I am not condoning the lack of rule of law in China nor denying that govt repression still exists, but that does not detract from the fact that Chinese people have a work ethic that has long passed us by. And it is that work ethic togethe with a cultural bias toward living a frugal life style and within ones means, a sense collectivism, and a willingness to sacrafice that drives the growth we see today. . They are out working us pure and simple, and that is what I mean by capitalism at its finest.

One of the article's main theme is that US protectionalist trade and IP policies are to an extent red herings because, because while unfair practices and violations exist, those factors are not the primary drivers of China's economic boon. Production output, foreign investment, and industrialization are driving China right now. The Chinese Govts record on human rights violations and social, political and religous freedoms is reprehensible. But that does not take away from, nor is it a primary driver of their economic performance in terms of GNP growth, improving living standards, and by extendion Global infuence. If we do not face up to that we are simply hiding our head in the sand.

China still needs to provide a citizen living standard that would enable greater domestic consumption, but they are leaps and bounds ahead of where other industrialized countries were at this point in thier development

05-29-2007, 06:01 PM	#12
scoundtrack Join Date Oct 2005 Posts 469 Senior Member	For the record, the title of that article was "Pirates and Sanctions." In my opinion, any country that has a society with so much internal repression, so many restrictions on foreign investment, such a poorly-established system of laws and standards, and a central government planning virtually the entire economy doesn't equate to capitalism. Capitalism at its finest? Far from it. Check back in a few decades. For the record, I am not condoning the lack of rule of law in China nor denying that govt repression still exists, but that does not detract from the fact that Chinese people have a work ethic that has long passed us by. And it is that work ethic togethe with a cultural bias toward living a frugal life style and within ones means, a sense collectivism, and a willingness to sacrafice that drives the growth we see today. . They are out working us pure and simple, and that is what I mean by capitalism at its finest. One of the article's main theme is that US protectionalist trade and IP policies are to an extent red herings because, because while unfair practices and violations exist, those factors are not the primary drivers of China's economic boon. Production output, foreign investment, and industrialization are driving China right now. The Chinese Govts record on human rights violations and social, political and religous freedoms is reprehensible. But that does not take away from, nor is it a primary driver of their economic performance in terms of GNP growth, improving living standards, and by extendion Global infuence. If we do not face up to that we are simply hiding our head in the sand. China still needs to provide a citizen living standard that would enable greater domestic consumption, but they are leaps and bounds ahead of where other industrialized countries were at this point in thier development
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