http://www.youtube.com/watch?v=OTSQozWP-rM
Absolutely ridiculous.
That’s not bad propaganda, even if China only owns about a fifth of the total government debt.
Owning a fifth of total American debt is a bad thing for China, not a good thing.
My reaction was exactly the same as the Chinese youngsters in the video: laughter.
That was quite well done.
Time to learn Mandarin. LOL.
Man, I fear the need of learning Mandarin. I really dislike the concept of highly monosyllabic language.
Absolutely retarded.
Both it’s premises fail remarkably.
Don’t Bet on China: Redux - Libertarian Standard - Kinsella.
And then read the first link as well.
Well, some of the growth of China is indeed very bubbly, but the fact is that the chinese are hard working and they love to save, as long they dont feel entitled to consume beyond the means, they will develop for real.
Did you actually read the entire link (first post) embedded within the one I linked too? Don’t think so.
I’d recommend you do.
Very fun video. It reminded me of that classic - Red Dawn.
They don’t “love to save.” They are forced to save. There’s a big difference, and saving =/= efficient capital accumulation and organization.
That’s not too far-fetched.
http://www.youtube.com/watch?v=d8SFXSKM4P8
http://www.youtube.com/watch?v=lAVDgUnmX1E
China is better than the US in some ways, worse in others. I’d say there’s a decent chance their government will screw them over with its subsidies, protectonism and inflation. However, if it doesn’t, the relatively low levels of regulation, taxation, centralized power, welfare and external aggression could make them the next big thing.
Wow, who made this slop?
Wow, who made this slop?
Some Tea Party Conservative hacks, I’d guess.