Damn wolves. Hope they don't show. But if they do...
If we in Australia didn`t have what China needs then we would be in the same situation as the US is in now there is no turning back the genie is out of its bottle people world wide wont the cheapest products and china can under cut our labour forces so thinking that Americians will buy Americian made products you are dreaming they will buy the cheapest and China has learned well from their teacher over the last thirty years the masters of capitalism the U.S of A.
Well said. We need to focus on America and clean up our own house. This will go a long way toward achieving much of what we need to recover from our current situation.The issue is that the US is asleep. Maybe comatose. We don't need to hate China or hate the stuff they are selling (although a lot of it is pure junk). What we need to do is respect them as an industrious and capable adversary, and get our own house in order with respect to getting US industry back on the right track.
This is a case where looking at things from China's perspective isn't going to create one single domestic job, reduce our budget problems by one dollar, or provide anything for our children. Increasing domestic production, valuing (that means, "buying") US made goods over imports, increasing investment in the US, removing stifling and unreasonable government regulation, and getting those jobs back here will accomplish those things.
Light is faster than sound. That's why some people seem really bright until you hear them speak.
“If I had my life to live over again, I'd be a plumber.” - Albert Einstein
"Its a table saw.... Do you know where your fingers are?"
I don't agree that china has learned well from us, there's is a brutal government with no room for human rights and freedoms. Would you have the USA learn from china and become a nation of slaves being told how many children we can have and how much we can earn and under what conditions?
I'm not too impressed with our legislators, but maybe they will wake up and save us? Yes, china is doing well regarding their economy, but would you want to live under their rule?
He was the start of the problem, not the solution! It's often said that we don't have a free market economy in the United States and policies by FDR created that!
FDR is probably the reason that the Great Depression lasted so long and didn't correct itself. FDR would have likely been the end of the economy had it not been for WWII.
Attempts at regulation of a free market only succeed in opening the door for corruption and manipulation of the "regulations" to transfer wealth. History is full of this, including our own history! Look at what is going on today! The mortgage industry is very highly regulated. The regulators themselves were the problem, along with government agencies like HUD, Fannie and Freddie that pushed relentlessly for housing loans to be made to low income and poor credit people, and created the market for mortgage backed securities. As a group effort with the Fed, who held interest rates artificially low, THIS CREATED THE HOUSING CRISIS, Had the free market been allowed to operate, none of that would have happened. Even Bernanke has reluctantly admitted this.
Do you realize that when FDR confiscated private citizen's gold, he paid them $20 in paper? Then, shortly thereafter, he raised the standard price for gold dramatically, instantly devaluing the paper he just forced the nation to accept. Look it up. These are facts. It was one of the greatest screw jobs ever perpetrated on the American public.
Get your facts straight, Tony! Government and regulation has never, ever been the solution. It has only succeeded in forestalling the problems, making them all the worse. Big government = corruption + disaster.
I can't hope to comment on Australia. I must admit I spend no time studying Australian politics, economics, or government. I don't know if your Government regulation is too much, not enough or just right.
I do spend a lot of time on US history, politics, economic system, and banking. I've not reached my opinions on the problems with the US lightly or easily and they are not my first impressions. Generally, my first impressions are beyond wrong... more towards "idiotic", "naive", "not factually correct" or "in conflict with history, theory or both". Therefore, I would certainly not presume to explain why Australia is doing well in comparison to the United States.
However, I firmly believe that the US suffers from stifling over-regulation that inhibits domestic production and encourages US firms to take it offshore. It is pretty widely accepted that it was almost entirely government intervention, regulation and meddling that caused the mortgage meltdown of 2008. And it is also a fact that the roots of the unworkable ponzi scheme of entitlements that started with FDR and Social Security are posed to be the largest reason for our undoing. Ironic name.... it has proven to be anything but "social security".