Capitalist China -v- Socialist USA

G

Guest106

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Isn't it ironical that China's economic wellbeing is now dependent on the existence and growth of capitalism. China is now embedded in the world economic framework through it's membership of WTO and there is no going back. Meanwhile over the ocean there is a very lively discussion in the good old USA about socialism and what might be coming down the tracks in that regard very shortly.
Shall the spectre of McCarthyism once more take a place at one of the round tables ?
 
And 99% of the Irish chattering classes are hoping that Barack will get elected but he's likely to be protectionist and target corporations operating in countries with low corporate tax rates.
 
GeneralZod said:
And 99% of the Irish chattering classes are hoping that Barack will get elected but he's likely to be protectionist and target corporations operating in countries with low corporate tax rates.
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Is it not true to say that McCain might just do the same though?
 
ninsaga said:
Is it not true to say that McCain might just do the same though?
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Anything is possible but John's approach is to lower tax rates on corporates in the USA. He even mentioned Ireland's low corporate rates in one of his debates with Barack. That scared the life out of me as is was an obvious dig at Obama's position and Obama is likely to get elected and save the world but harm Ireland's economic interests.
 
Beijing's nine million cyclists now aspire to car ownership. The Beijinger on Sky last evening said: "we are poor....we have bicycles....you are rich....you have cars....we will get the cars". Car acquisition to him would be progress.

Wonder what he would make of the Greens ?
 
McCain mentioned Irelands corporation tax rates twice (and got it wrong both time saying that it was 11%) and while I agree with General Zod's point I still hope Obama wins.
 
1John said:
Wonder what he would make of the Greens ?
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The Greens are onto a loser if they think they can stop Joe Lee in Beijing from getting a car. They need to expand their tool box of solutions. Only so much efficiency improvements can be wrung out. Regulation seems to be coming back into fashion and the energy sector needs friendly policy direction. They need to be given assurances that investments in non environmentally damaging energy sources have a reasonable chance of payback even if fossil fuel prices decline. The oil industry has the expertise in drilling and deep sea exploration that could be turned to geothermal and ocean thermal energy conversion. There are promising technologies with the prospect of being scalable to a world consuming 10 - 100 times more energy than at present. Large parts of the world are very suited to solar energy conversion. Modern safe nuclear power is very environmentally benign and capable of providing a fair percentage of the base load power demands. Intelligent grids and higher capacity international interconnectors are needed to connect in a massively expanded number of sources and shift power to where it's needed.

Purple said:
I still hope Obama wins.
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So do I. Having to face the challenge of a less friendly FDI environment is inevitable. Obama might just bring it about a bit sooner. Having the Americans in their natural position of leadership to fix the way the world harnesses energy and the US having a firm but intelligent foreign policy that doesn't antagonise friends is more than worth it.
 
Joe Lee in China wants a car alright and the rest of the trappings of the west but he also wants organized unions,equal rights,housing ,education ,votes,decent wages etc etc I think China will face alot of civil unrest in the coming decades as the old boys loose their grip .I think the young professional and unprofessional Chinese who have tasted the freedoms of the west and have moved back to china have a completely different view of China future.
 

Fully agree. China is in the peristroika (forgive the spelling) stage of development. In time the people will want a say in the running of the country and it will go the way of the old USSR. The interesting thing will be whether or not it remains as "China" or whether or not it divides along the ethnic groups into several countries. I dont think at the time anyone thought that USSR would split up so easily and into so many countries - thought a few parts would make a stab for independence, but not dozens. I wonder how may China will split into?
 
The geopolitics of China are absolutely stunning and we seem to have little awareness over here as to what is unfolding in that part of the world and what it portends.
Four cardinal points stand out about China:
(1) Economic growth is burgeoning at an ever increasing rate
(2) Debt currently is very low
(3) Domestic market is soaring upward
(4) Investment from outside is tsunami like

It will surely be the world's biggest economy before long.

Will they remember the pennies I gave them in my youth ?
 
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