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Old 06-04-2019, 09:40 AM
 
Location: San Jose
2,594 posts, read 1,246,568 times
Reputation: 2590

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Quote:
Originally Posted by The Dark Enlightenment View Post
I'm not suggesting that the right choices should have been obvious to them, just that in hindsight they would have been better off choosing a different course.
Ok so it wasn't due to complacency then. Glad we cleared that up.
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Old 06-04-2019, 11:02 AM
 
9,229 posts, read 9,778,491 times
Reputation: 3316
Quote:
Originally Posted by cttransplant85 View Post
China is a house of cards waiting to tumble. You think our debt problem is bad? Their debt to gdp is estimated at 300%. 80% of their business which are essentially publicly owned are insolvent. They have the world’s largest malls, amusement parks, cities completely empty. They have the world’s oldest workforce and population because of the stupid one child policy. Top down government simply doesn’t work; the government can not allocate resources, innovate, improve quality of life as well as the market can.
If you have really been to China, you won't say so.
The so-called empty cities almost always get filled in a few years. Western media only tell you the first half of the story.
They have over 40% rural population and urbanization still has a long way to go.
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Old 06-04-2019, 11:39 AM
 
Location: in my imagination
13,609 posts, read 21,420,438 times
Reputation: 10116
Quote:
Originally Posted by Avondalist View Post
Intelligence is the most important human trait.
I would argue that wisdom is more important.

All the intelligence, knowledge, power or money can be misused if wisdom isn't used.
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