Yes, go read the financial statements for DollarTree or the other dollar stores. We covered them in one of my MBA courses last year, they've had record growths. The Fed says one thing, company statements tell the truth, or at least a lot closer to the truth then the Fed ever will. As for government jobs being the fastest growing sector, that has been posted here so many times you can find it rather easily.
You keep confusing political and institutional China with the cultural and economic China that I am talking about.
And there is what difference in an authoritarian state that controls the means of production? The Economy is not free in China (not that it's free here either, but China is not even close), the Party and their choosen control everything. Tiaiman Square was the last opposition to full party control, it ended with kids crushed by tanks.
We're talking about a HUGE MARKET that is largely unexploited.
And just what Made in America (not that there's that much of it left) goods will someone making $.12/hour buy? Please provide a list and don't forget the tacked on transport and tariff fees. As for your other statements, we've followed that line since Nixon and in 30 years there have been how many free elections in China?
This is not even a good try at addressing the question. Do you expect me to believe that because DollarTree and other discount retailters are experiencing revenue growth that it is a necessary corrolary that wage deflation is occuring. That is prima facie absurd. Likewise the growth in government jobs. I didn't quibble with the fact that government is growing and that there are probably more people employed in the public sector than ever in our history, but again, what does this say about wages? And what, if anything, does this have to do with trade with China?
Your response on China and market conditions there tells me just about everything I need to know about your knowledge of the current situation there. Bottom line . . . you don't know much.
Again, you keep ignoring my theory and keep jumping back to your own false, ill-conceived and erroneous premises. Sorry, but that just isn't cutting it. Again you keep conflating the political with the economic condition in China thereby demonstrating your lack of knowledge of current conditions there.
You have yet to demonstrate to me that you understand the point I'm making. You have yet to demonstrate to me that you can speak in anything but platitudes about a complex set of economic factors that you obviously know little about. China has a huge and complex economy and you keep boiling that down to Tiananmen Square and 12 cents an hour (you have yet to provide any basis for this assertion about wages in China). Even if I accept those as givens, what makes those facts germaine? What do they say about the potential of the market or about the current trends in the Chinese economy?