China's Economic Boom Hits Home

Milwaukee Journal-Sentinel ^ | 12/28/03 | John Schmid and Rick Romell

[ninenot]

Texas Dawg deals only with mythology, rumor, and silliness. We'd run across him earlier--he never seems to have facts to bolster his assertions.

That's why I made the not-so-subtle references about his Mom letting him use the computer.

[ninenot]

The "struggling" US auto manufacturers are selling at a rather strong pace this year, as for the last several years in a row.

What's a "struggle" is to sell automobiles to people who do NOT have jobs.

The WSJ also ballyhooed the Chinese' move to allow GM/FORD/Daimler to sell about 600K cars into Red China. Woop-de-dooo!!! That's about one-HALF of one month's US sales.

Now GM you tell us that GM will make big monies by financing car purchases in China? How?? 25-year payment schedules at about 2% gross margin on the money?

You are out of your mind.

[ninenot]

Ninenot admitted he does not care about the Chinese workers and only cares about American businesses. At least he's more honest than you are.

Paul Ross does not take second to me in honesty, nor in what we old-fashioned types call "patriotism."

How are things back home in Beijing?

[A. Pole]

We should take a lesson in economics from the Red Chinese? What an interesting notion!

I am a follower of Deng Xiaoping theory - "It doesn't matter if the cat is black or white as long as it catches mice" . You either can learn something from everyone or you cannot learn anything.

[Texas_Dawg]

How are things back home in Beijing?

I've never even been to China. I'm a native Texan. I'm a conservative and a capitalist. All things you are not. You're just another blue-state socialist. Nothing new there.

[Texas_Dawg]

Just wondering, what do you do for a living?

[Redcloak]

I am a follower of Deng Xiaoping theory - "It doesn't matter if the cat is black or white as long as it catches mice" . You either can learn something from everyone or you cannot learn anything

I learned from the Soviets that a centrally planned economy will not work and is doomed to failure. What did you learn from them?

...and personally, I prefer Hayek's theories to Deng's.

[A. Pole]

I learned from the Soviets that a centrally planned economy will not work and is doomed to failure. What did you learn from them?

I learned from them the same thing that Chinese learned - that NEP was a good idea and should not have been abandoned - free market under the supervision of national government will bring foreign capital. Nations need their government to look up for the national interest and not serve the ideology be it Communism or Free Market Fundamentalism or interest of small party elite or wealthy oligarchs.

[A. Pole]

and personally, I prefer Hayek's theories to Deng's.

Deng's theory must work by definition, ideological correctness can go to hell.