After visiting China for the first time in 2003, then returning again
in 2004 and moving here since 2006, I have a pretty good handle on the
countries economic health.
You have given the barest assesment based on what could be true but
you have not taken into account their history, demographics ,
culture , tradition , economic growth , way of life nor how the
average citizen thinks.
Nor did you address the tax issue which was one of the reasons I left
the USA.
Nor did you address the issue of my initial question.
The best I can get from you is their economic system is not
sustainable, yet it has defied every negative prediction since Deng
Xioping , Mao's successor when he chucked the communist/socialist
system for a capitalistic/socialistic system.
When he started that program by declairing Shengzheng to be where the
new system would start most of the people were living in poverty.
Today , percentage wise, China's middle class is about equal to ours
with a poor class percentage that is less than ours. This is based on
urban population , rural are obviously not nearly as good but is
moving up.
I could go on and on. No need for that. But when you look at one
indicator and try to make that the bases for your argument , what I
belive to be , your lack of knowledge of todays China , it will
probably fall apart.
May I suggest you read Henry Kissingers book "On China" published last
year. I am no fan of Kissinger , but as an elder statesman with a vast
knowledge of the inner workings of China , it is well worth the read.
Yours Jim
On Jun 7, 10:50 pm, plainolamerican <plainolameri...@gmail.com> wrote:
> The real GDP per capita (growth rate) of an economy is often used as
> an indicator of the average standard of living of individuals in that
> country, and economic growth is therefore often seen as indicating an
> increase in the average standard of living. However, there are some
> problems in using growth in GDP per capita to measure the general well-
> being of a country´s population. In fact, GDP was first developed by
> Simon Kuznets for a US Congress report in 1934, who immediately said
> not to use it as a measure for welfare. First, GDP per capita does not
> provide much information relevant to the distribution of income in a
> country. Second, GDP per capita does not take into account negative
> externalities such as pollution consequent to economic growth. Third,
> GDP per capita does not take into account positive externalities that
> may result from services such as education and health. Finally, GDP
> per capita excludes the value of all the activities that take place
> outside of the market place such as free leisure activities or less
> positive activities like organized crime.
>
> On Jun 6, 3:24 am, Just Plain Jim <chinab...@gmail.com> wrote:
>
>
>
>
>
>
>
> > I lived in a country, the USA that wears its capitalism on its sleeve.
> > That is till the last six years were I now live in the PRC, commonly
> > known as China, a retired vet working part time here.
>
> > What I have learned over these years is that major industries and
> > services are jointly owned by the government and private enterprise,
> > and that small businesses are privately owned.
>
> > This seems to have created a check and balance system within big
> > business where the good of the country and private investors is
> > protected while encouraging competition. They have also seemed to
> > have created a system that allows small businesses flourish. This has
> > also created shared profits where the tax burden on the people seem to
> > be far less.
>
> > While the political and social impacts are obvious in their system,
> > nevertheless this is not about that, this is about an economic system
> > that enjoys 9% growth for the last few decades and that I believe we
> > should take a few pages out of their economic playbook and learn to
> > beat them at their own game.
>
> > What are your thoughts?
--
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