China's Economic Rise

[Aye Capn]

China was never "ahead" in economic theory, even if at certain times in history they were the wealthiest and for most of history the most technologically advanced.

What happened during the Industrial Revolution was unprecedented ...

But that's what I'm saying: China was ahead for over two thousand years, then Europe made a massive leap forward in about 200 years. What is happening now is a rebalancing - China was caught off guard and is now catching up, once it does it will be the dominant superpower.

Oh, I get it, sorry, I misunderstood.

Any economy that goes from collectivist / statist to free market is going to enjoy a huge boom.

IF China does it, logic demands they become a dominant economic power simply by virtue of sheer size.

But if they don't they'll continue to be an economic backwater with an industrial core for the military, just like the Soviet Union was.

What's different about China, sorry to repeat myself, is that they're so huge that even if they only go halfway the impact on the rest of the world will still be huge.

[Aye Capn]

China was never "ahead" in economic theory, even if at certain times in history they were the wealthiest and for most of history the most technologically advanced.

China and NK ..heh...the inventors of warp drive and tehy even have God in a bottle

Someone please give me the definition of communist propaganda

I wouldn't call what I wrote "pro-Communist".
China invented all that stuff yet never did anything with it. How much more damning an indictment of a political / economic system does one need than that?

[Incubi]

btw thanks for the replies to my question. I did read them, I just am not familiar enough with this subject to really be able to add much to it other than ask more questions

[Lyth]

I agree with Tsar,
When China decided to expand their steel works a few years ago they didn't just go at it half baked. They bought the companies, secured the expertise then shipped all the assets to China then went about steam rolling the market. That kind of aggressive expansion is what will make them a force in the world of economics in the decades ahead as they expand into new markets.

The masses thinking they cannot compete on a Capitalist playing field under the assumption the Chinese are "backwater" is probaly one of their best aces.

However, that being said you don't see a few hundred workers beating their directors & managers to death with their fists for mentioning reduncancies are in the pipeline in the west, it has encouraged some pretty good management decisions in the last few years though.

Thinking Chinese business isn't cut-throat is a mistake.

[amtct]

http://articles.cnn.com/2010-10-08/worl ... s=PM:WORLD

Of course ,the economy is free and only the owners of those free businesses have access to information

[Lyth]

No one is saying it's a free economy just a free market model, you should know the difference if you want to talk about it.

I'm not sure how your link contributes to the convo, we're all aware they are not a free country and have implemented a massive curtain but this doesn't stop them operating successful business models.

What was your point? Sorry I missed it.

[amtct]

No one is saying it's a free economy just a free market model, you should know the difference if you want to talk about it.

I'm not sure how your link contributes to the convo, we're all aware they are not a free country and have implemented a massive curtain but this doesn't stop them operating successful business models.

What was your point? Sorry I missed it.

IIRC you said they have a free economy and now you say is not free....

[Lyth]

Did I? I'll take your word for it, only ever meant the above - late night mistake if I did.

To recite what I said a few pages back, China has many issues but a fully functioning economy isn't one of them.

<add: went back & checked:>
Recession aside all are perfectly capable economic models embracing free markets. - closest I coud see. (that was regarding euro-communisms of which all are free economies incedently.)

[RegisterMe]

Absent the rule of law and you can't have a "free market" or a "free economy" model.

[Warenwolf]

Absent the rule of law and you can't have a "free market" or a "free economy" model.

Out of curiosity how would one classify a market that suffers no intrusions from any government or entity and is also not restrained by any laws?

[Lyth]

Black Market or Epic Fail?

[RegisterMe]

Anarchic perhaps? I'm not sure that there's a real world example (thankfully). Maybe the economy in Eve comes close?

[Warenwolf]

Sure you do - operating in Horn of Africa, Caucasus and Central Asia will (more or less) give one an approximation of how such economy works.
But that's OT.


Regardless, in my opinion you don't need civil rights for free market economy. Pinochet's Chile is just one example. Spanish miracle under Franco is another.

Unless you meant by rule of law, those laws that make business a predictable affair (regarding contracts, protection of IP, etc...)

[RegisterMe]

Yep, that's exactly what I meant. If the state is in the habit of turfing farmers off their land, deciding whether or not to grant you a permit to live in a city, expropriating assets, stifling comment, buldozing your home etc without compensation then the "market" becomes, shall we say, a little unpredictable.