The jury is very much still out on the "Chinese economic miracle". China always had the potential. A dear friend of mine has spent some time in China during the forties and he marveled at the potential back then, while whole cities were going literally blind or dying from hunger and cholera. I'm pretty sure that the ChiComs have taken their Marxist capitalism as far as they could- all indicators point to that. The big question is where do they go from here?
World Economic Forum Calls to End ‘Wasteful’ Private Car Ownership
- Thread starter oil&gas
- Start date
that reasoning is so flawed and on so many levels
1. it assumes governments know how much to invest in equipment and research & it assumes the govt know better than those running the business
capital investment should be determined by the business need (maintenance of equipment ) and business opportunities (ie sales growth projections from their sales teams)
Not by a quota determined by a bureaucrat who knows shit about the business
2. It also means the govt is telling the owners of companies how much profit they are permitted to earn - and that is just evil
The owners were able to determine how much capital was required to start or acquire the business.
They certainly know how much will be required to maintain / grow the business & how much capital they are willing to put at risk
They do not need fools like Justin Trudeau telling them how much the return they must accept after the investment has been made
3. Eroding the industrial base
Britain was once the workshop of the world
The US gained 50% of the worlds manufacturing because they were extremely innovative and achieved a cost competitive advantage via economies of scale
Now at 11% , the US lost that competitive advantage to Asia where they can operate with economies of scale and a lower cost of labor.
There is no way a government can alter that natural progression of economies competing for market share
The supply chain issues will result in some manufacturing return to N. America
Unless of coarse the govt sticks its oar into supply chain logistics? Now there is a recipe for disaster.
You have never bought into the fact that the owners capital investment in the business is capital put at risk
That risk is only assumed if there is an expectation of a return to the owners and control over key business decisions such ss a capital budget
Can you imagine Justin Trudeau flying to Calgary and telling the CEOs of SU, CNQ, IMO , CVE what their capital spend needs to be in 2023?
it should be zero as he wants to shut them down
Last edited:
I am not personally in favour of the Chinese system, but it is indisputable that they have taken close to a billion people out of poverty and that they are the manufacturers of the world, while USA has destroyed it's industrial base.
wrong
The USA manufacturing's competitive advantage was eroded over time.
It is a natural progression of competition
Taiwan is a lot smaller than mainland China. Generalissimo Chiang Kai-Shek
didn't have to kill as many people in Taiwan like chairman Mao did to suppress
dissent. Notwithstanding Chiang's son eventually bringing democracy to Taiwan
Kuomingtang along with the Chiang/Soong family and its founder Dr Sun Yat-Sen
are remembered with more respect by mainland Chinese than Taiwanese.
That is why PRC is worrying overtime future generations in Taiwan would
not even want to be identified as Chinese.
Last edited:
An economic system where the people who own property run things is called Capitalism.
Who Funds the World Economic Forum?
Since the beginning of the global pandemic, the World Economic Forum has taken on a new life, appearing as the non-governmental group that w...
viableopposition.blogspot.com
No. Captialism doesn't care how many people own the property.
Feudalism is about a system of vassalage and the obligations involved.
True. My point is though that the game of Monopoly isn't just a game. It was originally a teaching tool/warning of what unfettered Capitalism ends up as.
And use of laws and lack of social services can create obligations and near vassalage. Add in the Draft and Prison Labour as well.
Not necessarily. The elites in Eastern Europe under communism owned personal property.
The WEF desires to see a revision of this, call it crony capitalism if you will.
And the conspiracy theorists say....
Considering private cars spend the majority of their time parked then yes, they are an inefficient practice.
But I have no expectation that much will change.
Or at least that's what Alex Jones says.
BTW. We already have a system where the corporate elite own the vast majority of the world's wealth.
How could that be your point when you said it wasn't Capitalism, it was Feudalism?
Capitalism can be abusive, we agree.
Capitalism isn't concerned with personal property.
It is concerned with private property.
Sure.
That's still Capitalism.
