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Old February 11th, 2018, 07:07 AM   #1
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Why does China do so well?

Does free trade work anywhere?
Free Trade is supposed to bring better results than any other system, yet other systems seem to do much better in the real world.
Why is that?


Quote:
But to grasp China’s economic achievement, and its ramifications, it is imperative to ask: Why has a market economy directed by a Communist state become the world’s second-largest? Or, to rephrase the question: Why shouldn’t it have? Why shouldn’t China’s rise have happened the way it did, with state-led economic planning, industrial subsidies and little or no regard for the rules of “free trade”?

https://www.nytimes.com/2018/02/07/m...-article-click
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Old February 11th, 2018, 07:16 AM   #2
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Because China is a totalitarian communist country using free trade not engaging in free trade.
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Old February 11th, 2018, 07:39 AM   #3
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Because China is a totalitarian communist country using free trade not engaging in free trade.
And that works better than real free trade.
The market loses to government planning in the real world.
Isn't that what the data seems to say?
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Old February 11th, 2018, 08:50 AM   #4
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Don't you think that having workers who earn $1.99/day makes a difference?
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Old February 11th, 2018, 12:16 PM   #5
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Don't you think that having workers who earn $1.99/day makes a difference?
And child labor, slave/prison labor, no regard to environmental consequences or very little. Its a long list.
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Old February 11th, 2018, 12:35 PM   #6
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And that works better than real free trade.
The market loses to government planning in the real world.
Isn't that what the data seems to say?
China practically has slave labor. It is the result of communism. The trade deficit between China and the USA is the result of us allowing them to participate in our market.

Last edited by justoneman; February 11th, 2018 at 01:21 PM.
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Old February 11th, 2018, 12:40 PM   #7
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The communist defending communism. This is no surprise
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Old February 11th, 2018, 12:42 PM   #8
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Don't you think that having workers who earn $1.99/day makes a difference?
There are lots of countries with lower wages that aren't doing nearly as well.
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Old February 11th, 2018, 01:00 PM   #9
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There are lots of countries with lower wages that aren't doing nearly as well.
Or anciently prideful, massively populated and they got something to prove over the last century's humiliation.
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Old February 12th, 2018, 12:17 PM   #10
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China practically has slave labor. It is the result of communism. The trade deficit between China and the USA is the result of us allowing them to participate in our market.

And WHO is one of China's biggest supporters ?? Who is one their biggest beneficiaries ??

WALMART !!!!!!

Walmart has deliberately driven hundreds of American companies into bankruptcy, then bought their assets, or had one of their Chinese partners buy them, close the plants here and move it all to China !!
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