Posted on 11/06/2001 5:10:12 PM PST by American_Patriot_For_Democracy
As for foreign debt, even American economists don't view that as a problem for China, in part because China has about $300 billion in foreign exchange reserves and can easily pay its bills. All countries have foreign debt, and the biggest debtor nation in the world is America. China is actually the biggest holder of US bonds right now. This means China has excess money to even loan to America. It's America that has $6 trillion in national debt.
As for drugs and AIDs, it's funny to hear an American talk about any other country's drug or AIDS problems. America is the biggest consumer of narcotics in the world.
The whole theme of the essay focuses on the argument that China is far from "destined" to become the world's largest economy by 2015. You should learn to read more carefully. People like you love to hem and haw about China's inevitable eclipsing of the United States in its economy, and this essay is a response to the arrogance of people like you and your ilk. By the way, you quote the CIA, but so did I. In fact, all the facts and figures used in the essay were from the CIA Factbook. Your perceptions are routed by facts.
"This eventuality is just a matter of time (China's eventual economic takeover). There's really nothing anyone can do about it, so it's best just to get used to it."
No. Why should we accept or get used to something that is not even true, or even backed up by fact? Part of Chinese strategy is psychological intimidation, designed to make the "enemy" give up, even before they fight back. But Americans aren't stupid, and if Sun Tzu were here, we would kick his a$$.
The rest of your arguments about hi-tech workers, poverty, and construction are just postures. You basically agree with everything I said, but just tried to say "China is trying hard to overcome these weaknesses." Therefore I will ignore them, as it proves my point, that China's economic destiny is anything but certain.
Again, you are merely echoing my arguments, that China's legal system is a quagmire of contradictory statutes interspersed with Confucian and Taoist blather. News flash: This is a major weakness. Second, the reason India and other democratic nations, like the US, Britain, and Israel "shirk" reform in their legal systems, is precisely why THEY HAVE BETTER LEGAL SYSTEMS. Legal systems should not be subject to haphazard and continuous "reform," because that would render the law unstable and unpredictable, two things that would drive a foreign investor in China broke faster than crap through a goose. Ever heard of the concept of "stare decisis" in the law? It is considered a GOOD THING for the law not to change, but only minimally, over time, to overcome precedent, only by very good legal arguments and social changes necessary to continue the viabilty of a Constitutional Republic.
"As for foreign debt, even American economists don't view that as a problem for China, in part because China has about $300 billion in foreign exchange reserves and can easily pay its bills. All countries have foreign debt, and the biggest debtor nation in the world is America. China is actually the biggest holder of US bonds right now. This means China has excess money to even loan to America. It's America that has $6 trillion in national debt."
Now that is just an abject lie. Look at the article above. Read the part about China's debt again. Then come back and respond. Your lies are not going to make China any stronger. Maybe you should read more Adam Smith or Alexander Hamilton, instead of Sun Tzu.
"As for drugs and AIDs, it's funny to hear an American talk about any other country's drug or AIDS problems. America is the biggest consumer of narcotics in the world."
Maybe so, but even if that is true, don't you think that this is a problem facing China right now? You forget, that the thesis of the article above is that "China's economic destiny is anything but certain." China's massive drug problem militates strongly against your arguments about China's "manifest destiny" to control the economic world by 2015. I am not saying it is not possible, I am simply saying that it is also quite possible that it will not be, taking into serious consideration the myriad problems facing China in the modern world. And you can bet that China has many, many enemies, all willing to exploit, to the fullest, all of the problems it is facing, to ensure that Communism does not prevail.
We must crack down on the wholesale loss of our technology, drastically improve our science, math and history education and initiate a large scale technical project or two (Moon base would frost the communist Chinese). All would have the effect of renewing national pride and infrastructure.
China GDP
1980 216.2 US Billions
1990 363.0
1999 997.5
2000 1076.9
All the problems you point to as reasons to hinder growth have existed in China for at least the last 50 years, with the exception of the environmental issue. If they had, and are having, such a debtremental effect, we should not have seen growth at these levels since 1980. In other words, if it didn't stop them then, why now?
I will admit, it seems to me that China is a nation in turmoil caused by... rapid growth. It could go either way. I'm not dismissing what you have to say out of hand. There is a great likelyhood you may be correct. However, I choose to be extremely cautious and vigilant of the threat.
First of all, economic "extrapolation" is never a good indicator of growth, in fact, it is actually quite misleading. Second, the reason why China's myriad problems have not hindered its growth is because the Western powers have done everything possible to ensure that it does not. Why, I do not know. But it is certainly hastening our own demise as a free society.
With China's massive problems, it would be easy to bring it down, or to curb its growth substantially, provided that we took advantage of its many weaknesses. But for some reason, our policymakers are not doing this at all. You tell me the answer.
And don't give me any cr*p about "democratizing" China or "bringing them closer to our way of thinking." The fact remains that everytime we give the Chinese another billion dollars in trade, they are a billion dollars stronger. And also do not tell me that other nations are doing business with them, so we must as well. If we can get every nation in the world to join us in a war, then can't we get those same nations on our side against a nation like China, which kills thousands of its own people a month, commits the most vile and heinous human rights violations since Stalin, stifles art, religion, individuality, creativity, and freedom on a daily basis? Again, you tell me.
This thread has your name on it -huh Jade/rofl.
(Jade, I'm truly looking forward to reading more of your material about Communist China and filthbag Bill Clinton...let's see how you do ..... in this thread, good luck!
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