|
Korean Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
|
| View previous topic :: View next topic |
| Author |
Message |
mises
Joined: 05 Nov 2007
Location: retired
|
 Posted: Wed Jun 03, 2009 7:09 am Post subject: |
 |
|
| Quote: |
| The students that attended graduate school with you are the elite. Mostly they did not attend regular schools but often had private tutors or attended school abroad. |
Oh, no doubt.
| Quote: |
| Poverty in China is not caused by U.S. monetary policy. A look at Chinese policy would show that U.s. policy is in response to the Chinese keeping the Yuan at an artiical low. |
You're right. The extreme poverty in China is Mao's fault, really. The Yuan is low to keep wages low. Those huge reserves the Chinese state has, are an informal tax on the labor of the country. The Chinese are aggressive trade supporters. They do everything in their power to fix trade in their favor, and when we discuss export policy at home, quickly we hear shouts of "protectionism" etc. But this will have to change. But it might not. |
|
| Back to top |
|
 |
rollo
Joined: 10 May 2006
Location: China
|
| Posted: Wed Jun 03, 2009 3:07 pm Post subject: |
|
|
Absolutely right about Chinese protectionism. i think this is one of the major issues facing the world's economies. How to get China to open its markets. This benefits everyone and would benefit the chinese people most of all. Yes Mao made a huge mess that will take another generation to clean up. As dark as the future looks I think there are tremendous oppurtunities ahead, if the right steps are taken.
Chines nationalism is a poison deliberately manufactured by the government, it enables them to manipulate and keep markets closed. It is really ugly to see, I imagine Germany was much like this in the late thirties. |
|
| Back to top |
|
|
Kuros
Joined: 27 Apr 2004
|
| Posted: Wed Jun 03, 2009 4:54 pm Post subject: |
|
|
| rollo wrote: |
Chines nationalism is a poison deliberately manufactured by the government, it enables them to manipulate and keep markets closed. It is really ugly to see, I imagine Germany was much like this in the late thirties. |
I dont think the nationalism is a top-down phenomenon here.
There are high tariffs, but most of those only apply to non-Most-Favored-Nation status countries.
For example: Cereals.
180% tariff for countries generally, but 1%-3% for countries with MFN status. There's a VAT applied as well. |
|
| Back to top |
|
|
lithium
Joined: 18 Jun 2008
|
| Posted: Wed Jun 03, 2009 6:29 pm Post subject: |
|
|
[quote="Rusty Shackleford"]
| RJjr wrote: |
| visitorq wrote: |
| they owe us in turn, at the end of the day, to spend that money on American goods and services and keep trade balanced. |
What do we produce that we can sell them? Mail order brides would probably be a winner, but aside from that? 
Our labor costs are so high and China's are so low, it prevents us from exporting much to them. Unless it's something that China can't produce on it's own (white and black women  and a few other things), we'll never be able to export much to them unless our labor costs become equal to or less than theirs. We're just not price competitive on most things. |
Why not try for productivity over low labor costs? Something the U.S has, traditionally been very good at. That would require the O.B admin to encourage capital accumulation over capital consumption/destruction, though. Can't see that happening.[/quote]
I agree. With the way the Obama Administration is destroying the private sector, I don't see a productive capitalist market until he is held in check by a Republican Congress. Will that happen? Maybe the tide is turning. |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
