How can a cheap American buy a HOUSE in the 1st. World ?

So you are an anchor baby.

 

Those country bars can be kind of rough. My cousin got a ball shot off in one.

 

I went to a sand bar once but the drinks were too gritty.

 

People keep dropping him off but he always finds his way back.

 

On China- the local news radio was doing a bit on the issue. The expert on the show mentioned that they have seen 10% GDP growth for some 30 years running... Is that even possible?
I haven't done the math.
He compared their record the US which had never seen more than 4% sustained growth over their huge advances as the industrial revolution came on line.

A more intriguing ideal he put forward was the late comer effect whereby the last adopters of industrialization have an easier go of it and have more dramatic growth.
He attributed this to having the example of how to proceed being laid out over a hundred years of these changes occurring elsewhere.

We have all long heard the complaint of China being the great copiers.
The greatest compliment... and all that.

But a competitive advantage through having an example to follow?
Perhaps this support more rapid growth- but what happens when parity is reached? I don't know enough about economics- we measure productivity by per-capita?
One part of the puzzle perhaps.

 

Don't use a space between : and P and it will look like .

 

A competitive advantage through paying a vast workforce a lot less than standards elsewhere doesn't hurt either. Not only has China had the template of earlier industrializations to cherry pick, they've also seen the pitfalls of the centralized economy model of the USSR and swerved around it.

 

, When considering the Chinese challenge , Remember that the reason thousands of students and innovators from around the world come to America is to take advantage of Americas culture of failure. Americans are free to pursue innovation, and are free to fail. Failure in many countries means financial ruin, social stigma and hari kari.

It took generations for Americans to perfect their culture of failure. It is very difficult for other societies to duplicate it. This will always give America a huge competitive advantage .

 

If at first you don't succeed....

 

I find it odd that Americas success has been its freedom to fail ,yet now America is morphing into TO BIG TO FAIL society. Something is going wrong. Better get a handle on it fast

 

.... Americans are free to pursue innovation, and are free to fail. Failure in many countries means financial ruin, social stigma and hari kari.
.........
This will always give America a huge competitive advantage .[/QUOTE]

I hope you're right, I am afraid that it is really empty rhetoric.

Example crowds.

10% of Western enslaves the remaining 90% of them to work for free.
At current market conditions, maintaining a slave and his family is more expensive than pay a Chinese worker.

Stupid question.

How do you win against the Chinese economy, now using our technology without paying for it and when we will not be able to evolve will do it by itself? (500,000 new engineers a year).

 

Agreed. Market, not government needs to determine viability of industry. Don't force us to prop up failed ventures we didn't support on the free market, like Solyndra.

http://www.reuters.com/article/2012/01/17/us-solyndra-idUSTRE80G27P20120117

 

Big Business means OLD GAURD. Important that the old guard don't set the conditions for the young generation to compete in.

And all this China worry...I ask, how will the Chinese authorities ever be able organize one billion people into a competitive society ?

 

You must understand the concept of Chineseness or Chinese Nationalism. That is a powerful force which holds together by the strong threads of Chinese culture. They will achieve working toward a common goal through self-sacrifice. They will live like peasants to out-do us.
Do not under-estimate them.

 

The solutions are actually pretty simple, its just that the corporate oligarchy that runs the place doesn't want to let go of its stranglehold.

just a few thoughts
loose the decision that corporations have the same rights as people, as the saying goes, I'll believe a corporation is a person soon as Texas executes one
make it illegal for any corporation to interfere with any portion of the political process and return to a gubment by the people and for the people.

another great idea thats long overdue is a flat tax, no exceptions, stocks, bonds, commodities, groceries, cars, you name it, it its bought or sold its subject to the tax. Eliminate the IRS and stop wasting time on all that accounting. Think of it this way, right now there's about a 25% non compliance rate. We'd have them paying up instantly, Next there's all that money wasted on the IRS, fire every last one of them, sell off the buildings. Then there's tax court, and all its infra structure, Then there's the jails, and all those folks in for evasion. Waste of perfectly good space that could be used by a violent offender.

End the big box stores monopoly on imports, and subsidies. Watch The high cost of low prices if your not already aware of the problem

http://www.google.com/url?q=http://...twIwAA&usg=AFQjCNG_sG3y6xZZIdqHaZ0mXBj26m64uQ

Forget the concept of to big to fail, and initiate a policy of lopping off the dead branches. If a corporations all that screwed up, it deserves to fail, regardless. Our present situation is proof positive that the previous policies aren't working.

Prosecute white collar crime. We have the laws, so enforce them, now.

I suppose I could go on but that should be enough to get me in enough trouble for the time being