Economic power shifting from U.S. to China, Soros says

[below_freezing]

I'm sick and tired of this myth that China or Chinese culture doesn't allow for innovation of entruperialship. It's a western stereotype based on haughty ignorance of Chinese history. If the Chinese aren't innovative, who the fvck invented these

The Chinese in the East, like the Jew in the West, by birth, is among the most astute businessmen since ancient history, the whole world know and recognize that, you Chinese need not to be angry at a few controversial opinions.

depends. jews are a tiny minority. that makes them easy to persecute and slaughter but also lets them easily siphon wealth from the rest of society.

the chinese people who are "businessmen", ahem, did so not because ALL chinese are good businessmen, but precisely because there's so few good businessmen in China, they can profit off the millions of failed business people. Look at the US. For every Carnegie there were literally millions of jobless Joes who were the people that were thrown into the fire, so to speak, to fuel his rise. That's what happened in China's private sector. Companies like Haier, Lenovo and Huawei are not the norm, they are the exception. The real agent of China's rise is the no-name factories that do contract manufacturing for others; how did they come to be? well, through early and cheap land purchases for one which reduced capital costs significantly. taking advantage of unknowing workers and consumers by selling substandard products and not informing workers of their rights, this was a big issue in the 90's. Good results though I feel bad for the 70's and early 80's generation who were "sacrificed" for this. It is only the people born after 1985 who are enjoying the economic rise; the people whose backs we stepped on to get here are not enjoying it even now due to competing in a different labor pool.

coincidentally i think this is why we should watch out for india: our 90's generation mostly care about partying and playing games, not about work the way 80's and 70's generations did. India however, is at the stage where we were in 1980's and their work ethic will only get stronger in the next 10 years as they inevitably clean up at least some bureaucracy.

 

[CardSharp]

depends. jews are a tiny minority. that makes them easy to persecute and slaughter but also lets them easily siphon wealth from the rest of society.

the chinese people who are "businessmen", ahem, did so not because ALL chinese are good businessmen, but precisely because there's so few good businessmen in China, they can profit off the millions of failed business people. Look at the US. For every Carnegie there were literally millions of jobless Joes who were the people that were thrown into the fire, so to speak, to fuel his rise. That's what happened in China's private sector. Companies like Haier, Lenovo and Huawei are not the norm, they are the exception. The real agent of China's rise is the no-name factories that do contract manufacturing for others; how did they come to be? well, through early and cheap land purchases for one which reduced capital costs significantly. taking advantage of unknowing workers and consumers by selling substandard products and not informing workers of their rights, this was a big issue in the 90's. Good results though I feel bad for the 70's and early 80's generation who were "sacrificed" for this. It is only the people born after 1985 who are enjoying the economic rise; the people whose backs we stepped on to get here are not enjoying it even now due to competing in a different labor pool.

coincidentally i think this is why we should watch out for india: our 90's generation mostly care about partying and playing games, not about work the way 80's and 70's generations did. India however, is at the stage where we were in 1980's and their work ethic will only get stronger in the next 10 years as they inevitably clean up at least some bureaucracy.

A gross over-simplification and it assumes Indians in the 90's have lots in common with Chinese in the 80's just because they are at roughly the same stag of development.

You're concern with exploitation is valid but it doesn't have to be looked at with such a sinister eye. Failure is a natural by-product of a market economy, those who fail don't mean that they are destitute (or jobless joes as you put it).

 

[中国万岁-ProsperThroughCo-]

Because global economic power is shifting, Mr. Soros said China needs to change its focus. “China has risen very rapidly by looking out for its own interests,” he said. “They have now got to accept responsibility for world order and the interests of other people as well.”

Mr. Soros even went so far as to say that at times China wields more power than the U.S. because of the political gridlock in Washington. “Today China has not only a more vigorous economy, but actually a better functioning government than the United States,” he said, a hard statement for him to make because he spent much of his life donating to anti-communist groups in Eastern Europe.[/url]

 

[below_freezing]

A gross over-simplification and it assumes Indians in the 90's have lots in common with Chinese in the 80's just because they are at roughly the same stag of development.

You're concern with exploitation is valid but it doesn't have to be looked at with such a sinister eye. Failure is a natural by-product of a market economy, those who fail don't mean that they are destitute (or jobless joes as you put it).

Not really; the whole "Chinese = Jews" thing is a gross oversimplification. Not everyone is a good businessman. Good businessmen by definition are less than half of the population. Almost every businessman we hear about in the news in China are actually ethical and hard working people, but it's the ones who are not on the news that are a part of a problem involving corruption especially in the real estate sector. Without a population to exploit, you can't do business especially non-industrial business, and the success of the Chinese immigrants in southeast asia in non-industrial businesses (as opposed to industry and politics) is an example of statistical bias:

1.) there were no job opportunities in the Qing Dynasty for experts in say, natural gas liquefaction or polymer physics. There were 3 ways to make money: business, politics, or farm. therefore the growth of industry (and its associated scientific personel) was low.

2.) people who can't talk smooth either didn't leave China, or went back after making their wages.

3.) only those who were successful enough got noticed.

 

[CardSharp]

But wouldn't it be fair to say that the SEA chinese population are a self-selecting group that tend to have family roots in business? After all they are the descendent's of the sea traders from imperial age, who sailed the trade routes.

 

[ThatDamnGood]

But wouldn't it be fair to say that the SEA chinese population are a self-selecting group that tend to have family roots in business? After all they are the descendent's of the sea traders from imperial age, who sailed the trade routes.

No they are.
Most of them started as labourers for mines, etc.