10-01-2004, 10:15 AM
|
|
|
Nice Kitty
Industry Role:
Join Date: Sep 2002
Location: The good old USA!!!
Posts: 21,053
|
Quote:
Originally posted by mrskin
Evidence once again of the dumbness of the average lefty....
Anyone who has studied economics can work out that China cannot sustain current growth into the extended future.
China's current GDP growth is merely an effect of China opening up some of its trade and modernising parts of its work force.
Population alone does not equate to power or development potential. 1 worker with 1 machine or 1 computer is 10 times more effective than 10 workers without any machines. The technological infrustructure and capability of America would take decades to develop in China.
In 20 years time or so oil will be more scarce than it is now, yet America will still have trillions of barrels in its reserve stockpiles. China will not.
I could go on and on but frankly im not getting paid to teach. Socialism does not work and it not only makes the rich poorer but it makes the poor poorer aswell.
And for all you tools out there that think that the democrats are responsible for the surpluses america received in the clinton era - go and study economics.
It was reagans tax cut implementations and economic policies that led to the economic growth during the clinton era, it takes years for economic benefits to sink in not months.
The current economic climate is as a result of clinton's poor economic management and his failure to properly track down terrorists and in particular bin laden.
|
Excellent critique. |
|
|