Finally Giving Up
Yes, we have decided to give up blogging forever and open a chain of Tarot Reading Rooms, Crystal Ball factories and a sideline in Stock Market predictions. Once again, we are looking like Jeanne Dixon, Carnac the Magnificent and Nostradamus rolled into one. To wit:
- SHANGHAI A week of protests by residents of a town in China's southern industrial heartland exploded into violence last weekend with thousands of police officers brandishing automatic weapons and using electric batons to put down the protest and seal off the village, residents said Monday. (International Herald Tribune)
- A 13 year old girl may have died in another violent police crackdown on protesters in southern China: Up to 20,000 people from several villages in Guangdong province's Sanjiao township near Zhongshan city gathered on a highway just after dusk on Saturday to continue protests that had begun earlier in the week. "Between 30 to 50 people were injured as police were attacking anyone they saw," one villager named Tan, told AFP. "There is a lot of talk that a 13-year old middle school girl student was killed in the attack."China had 74,000 protests in 2004. (GatewayPundit)
We know many (hell, most) of our readers care little for the situation in China, let alone the price of tea, but we just wanted to point out another of our predictions is on the verge of reality. Fear our Blog!
posted by SCC at 12:59 AM
7 Comments:
China is simply making the transition from communist to capatilist society. the genie has been let out of the bottle. The only downside is they will become one of our biggest competitors in terms of world trade. Think Japan X 1,000,000.
Anyone know any funny chinese jokes?
Japan is in the middle of a 20 years recession that they are just coming out of. And their population is aging fater than they can replace it. No way China will ever be anything under it's present borders or under it's current system.
They're already something.They own most of our foreign debt which is in the TRILLIONS.Their manufacturing capability is growing exponentially while ours is withering away.In a few more years,GM(If it still exists.)will sell as many vehicles to China as it does here.Cheap labor and central government make it a good place to do business.China and India are the biggest emerging markets in the 21st century.Think GLOBAL economy.
Even in a recession Japan can out produce us.Look at Toyota.
Quality and reliability is critical.
Toyota's Lexus Division makes the most flawless and highest rated vehicles in the world.
See the studies of J.D. Power and Consumer Reports.
"china will be our biggest competetor"
what do we produce in this country?
ideas? fun?
what exactly is a service economy?
one where those who allready made their money in manufacturing spend it on imported goods and domestic services?
how fucked are we ?
a global economy is one in which countries of high wage workers are abandoned by corporations for developing countries with cheap labor. when the cost of labor gets too high in that country the rotation continues. your great, great grand kids might expect to do better than their parents did. your kids can forget it. china and inda are next in the rotation and after that who knows. when the average worker wage in this country drops to an acceptable level the jobs will return. it does not matter that workers in the u.s. will not be able to purchase many of the goods produced in the world because the developing economies will step in and more than make up for it.
in the past this would ignite a world war but with corporations running and profiting from the world, we may not be so lucky.as long as the polititions continue to get their cut we will suffer.
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