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Hakkarin, I’m among the proponents for USA adopting a transferable Import Certificate policy. That’s a market driven unilateral trade policy that’s recommended for nations chronically experiencing annual trade deficits of goods.
USA’s international agreements can be of mutual military, environmental or political benefit to both the USA and other nations but the mutual TRADE AGREEMENTS we’ve entered into have been of no net benefit to USA's economy; on the contrary, many of them are to our own economic detriment.
I’m generally opposed to USA entering or remaining within any international TRADE agreements.
Google Wikipedia’s article entitled “Import Certificates”
or to the paragraphs entitled “Trade Balances' effects upon their nation’s GDP” within the article “Balance of trade”.
What they once had wasn't communism either, though it looked like it superficially.
What they have today is even further from that. There has never been a real pure free market economy, much like there has never been a real orthodox communist society.
It's an overstatement that China combines the best of market and government. They actually are getting some of the worst of capitalism and government planning. In some ways, they are the Wild West, and that is how corporations like it there.
It seems that if one wants the good part of government, they have to put up the bad part there. If they don't want the bad part, they aren't going to get the good part of it either. The people have no choice.
Another factor you seem to ignore is culture. China does what it does not because of western ideology like communism and capitalism, which were exported to China when they we weak. They do what they do because of their culture and historical pattern. What is happening there now is more like China going back to what they were, a powerful central government, complex interest networks, and citizens doing small business. That isn't new. That describes so many dynasties of its history. Each country has its own historical patterns and future inclinations.
There has no shortage of westerner intellectuals who predicted what would happen to China. But most of them didn't get it right. They assumed how the Chinese would respond the way westerners do. But that exactly where the biggest difference lies. In many ways, their system is very self contained, China specific.
I agree with much of what your said about the Chinese mentality. By "best of capitalism and communism" I meant not what's best for an average Joe, but what's best for the long term economic development of the nation. Which, as Japan, China, and to some extent Germany show, means a sort of fusion between centralized planning and market freedom, with government helping corporations and corporations working with Government. Japan, Inc but on an even larger scale.
I agree with much of what your said about the Chinese mentality. By "best of capitalism and communism" I meant not what's best for an average Joe, but what's best for the long term economic development of the nation. Which, as Japan, China, and to some extent Germany show, means a sort of fusion between centralized planning and market freedom, with government helping corporations and corporations working with Government. Japan, Inc but on an even larger scale.
If government and corporations helping each other is the "best" , does that mean that the american status quo is the best?
The 1930s depression was primarily caused by increasing taxes and tariffs.
Wow, that's some revisionist history! It was caused by unsustainable speculative paper wealth accumulation that crashed in 1929. Finance. The time it takes to recover depends on the magnitude of the BS, and the steps taken to recover. 10 years was short, considering.
The 2008 crash was the result of 3 decades of unsustainable finance, trade, and fiscal policies. We are 7 to 8 years into this one, and recovery for the middle class will never happen, given the steps that have been taken so far.
If government and corporations helping each other is the "best" , does that mean that the american status quo is the best?
Except that in Germany, Japan, China the governments had long term plans and worked in cahoots with corporations to increase exports and boost domestic industrial base. In that respect the governments set the goals and had vision for the country.
In the US, the government officials are helping the corporations to increase profits at any cost without any regards to the future of the country.
I’m generally opposed to USA entering or remaining within any international TRADE agreements.
That's because you don't understand and you ignore Labor Utilization as well as Standard of Living.
Quote:
Originally Posted by Supposn
Google Wikipedia’s article entitled “Import Certificates”
or to the paragraphs entitled “Trade Balances' effects upon their nation’s GDP” within the article “Balance of trade”.
Not gonna happen.
Are those articles you wrote? It's intellectually dishonest not to disclose that, and it doesn't matter since Pukipedia is not an authority on anything.
US is forced to do free trade, because PRC's increased its influence in countries of Asia/Europe/aferica/America/world.
Do you know PRC has been building everything everywhere with their own companies and people?
They even lease lands(even Russia, S. America...) and move their population over.
Imagine, the leased lands have more Chinese than the original population of the countries.
Soon, there might be a Chinese country in South America.
You're both wrong. It was caused by surplus Labor.
Stock Markets cannot cause depressions or recessions, rather they reflect symptoms of an economy.
Mircea, I do agree that that stock market performances are a reflection of opinions regarding the economy and those opinions are to some extent correct reflections of our economy. When those opinions are correct, the stock market index numbers are symptoms of our economic conditions.
[Analysis and conclusions are to some extent subjective. Certainly they are much more objective within the physical sciences and much more subjective in the context of social studies; economics and financial analyses and conclusions are is not sciences].
Regardless of reason for nation’s inability or unwillingness to better employ their labor, and due to any detriment to the nation’s median wage, the nation’s economy will perform poorer than otherwise.
Respectfully, Supposn
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