all built on spec...
Posted on 06/18/2011 3:51:49 PM PDT by SanFranDan
Note my post above.
National Socialism == patriotic fascism == crony capitalism
Any situation the Chinese might encounter in the future, they will be better served by contemporaneous builders investing their own money in projects suited for what those future occupants might need, than by trying to populate dusty old dilapidated buildings planned by eggheads in Beijing years before.
And now they want to build a new city in Idaho?
China’s system will not fail until we stop propping it up with “free trade”.
Let’s stop.
“National Socialism == patriotic fascism == crony capitalism”
National Socialism == Patriotic Fascism =/= Crony Capitalism
... unless your understanding of crony capitalism is different than mine. I see it as the abuse of the free market system with nepotism, bribery, and subversion of the system, whereas the other two ARE the system. I’d agree that the results for people in those three systems would be about the same though.
I’d agree with your assessment. The video King_Corey presented above in post no. 26 is instructive and states what you’re saying well. It’s worth a look.
Here’s the direct link: http://www.youtube.com/watch?v=rPILhiTJv7E
Yours is a distinction without a difference. The end results are pretty much the same.
“The end results are pretty much the same.”
Did I not make that clear in my response?
“Yours is a distinction without a difference.”
The difference in the distinction that I made is that crony capitalism can be fixed by bringing it back to heel, by enforcing the laws that keep the free market system free and fair. Since the other two are the system in place; those systems have to be replaced by another system in order to remedy their problems. It’s a big difference, a big distinction, as big as a world war or revolution.
Normally I read your posts with a tinge of skepticism, but that one is intriguing. Given the often impenetrable Chinese way of thinking I may be inclined to label this one “plausible.”
He said they were building lots of commercial office space in cities, to make things look more impressive when they host the Olympics.
But most of the buildings were "see through" space, which is a real estate term for vacant space that has never been used - no walls, nothing - you can see all the way through it.
He also said the buildings looked good on the outside, but inside they were poorly designed - badly placed elevators, halls, and other problems that made the buildings less than ideal or functional - not that it mattered because they were mostly empty anyway.
all built on spec...
The United States is being set up for the greatest military and economic “hit” in history.
China lacks the population and jobs to fill the apartments and commercial buildings they are construction. It is a real estate and infrastructure bubble that will end badly.
That seems to be the consensus, but you should watch the video linked above. They have the population, for instance. It does look likely to be a bubble which will end badly for many Chinese, but we’ll see.
The Chinese leaders fulfilling Agenda 21. This morning I saw an item on the Chinese and Russian presidents demanding a new world order through the U.N.
True enough. If the central govt. in China wiggles its little finger and says— “every couple should now have 4 children” the empty spaces will be filled. Question is, can they feed them, much less house them.
Such are the numbers of chinese extant now of childbearing age, even in the no children era. Scary. But the point about overbuilt and their economic bubble also being burst is striking.
Nobody can afford to rent or buy and the investors are about to get killed with devaluation.
We saw the “China collapse,” “ghost city” news several years ago, and we all know that China’s been living in the Stone Age all along instead of increasing manufacturing and trading its products to other countries for natural resources (e.g., oil). Prepare. Have fun. Enjoy the slide.
Funny, until you think about the current socialist in the WH, who wants to drive a “command and control” market by keynesian stimulus and govt. projects and who refers to marxist “full employment” vs labor lost to machinery and efficiency (his idiotic ATM comments)in his mindset.
The chinese can have “full employment” too— by command. Everybody is working, for next to nothing, and on projects that drive up their GDP in their “books” to look good on paper. These are Potemkin villages, where there is nothing there.
Your point is well taken— we had REAL growth and real demand for US made goods= quality goods. So, who shipped the manufacturing overseas in the name of “globalization”. The ones who did this have no sovereign loyalty- no national identity, devoid of character but in love with power. That IS scary.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.