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Urin Asshole

On Mon, 18 Feb 2013 01:46:39 -0500, wrote:

On Sun, 17 Feb 2013 21:45:33 -0500, "F.O.A.D." wrote:

On 2/17/13 9:34 PM, wrote:
On Sun, 17 Feb 2013 19:18:39 -0500, "F.O.A.D." wrote:

There's not much "economic freedom" in either Vietnam or China. What has
happened is that one form of economic exploitation of workers has been
exchanged for another. A relatively few people in both countries are
doing well, and the rest are working for near slavery wages. They got to
where this country is headed before we did, that's all.

Vietnam is probably about where China was 10 years ago. Right now
China has more middle class people than the US. They are starting to
reach up and demand more things. GM going to sell more cars in China
than they do in the US this year

China has nearly five times the population of the United States. Middle
income in China is defined at about $20,000. China has a lot of
millionaires on a numerical basis, but most Chinese are still living in
abject poverty. The wealthy are raiding that country just as they have
here.

It is all relative, If you use the US standard of living, most of the
world is living in abject poverty.
I agree the people out in the country in China are not seeing much
from the industrial revolution there but the same was true here 100
years ago.

The open question is what happens when China's economy slows down ...
but that is a global problem.

You mean you don't believe in a market driven economy? Good grief.

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