The Chinese "problem"?

[Dinner]

Originally posted by Urban Ranger
I just guess I agree to disagee. If wealth is what you want, sure, capitalism is your thing, since it is best at accumulating wealth. But it is not more efficient than socialism - rampant overproduction for starters, which is near epidemic proportions for Chinese home appliances companies.

Please notice that all of thos appliance companies are fulfilling a market demand. For an example of senseless over production just look at the Soviet investment into heavy industry. Sure the Soviets were the worlds biggest producers of steal for several decades but most of it was never used and sat rusting in some storage yard.

The Supreme Soviet demanded factories produce X amount of steel and the fact that the economy only needed x-y amount of steel was entirely lost to them. This is a text book example of inefficent allocation of resources. In a capitalist system such inefficiency would have been weeded out by inefficient producers going bankrupt but in the communist system it kept on occuring until the whole state went bankrupt.

[ranskaldan]

Originally posted by Urban Ranger
I just guess I agree to disagee. If wealth is what you want, sure, capitalism is your thing, since it is best at accumulating wealth. But it is not more efficient than socialism - rampant overproduction for starters, which is near epidemic proportions for Chinese home appliances companies.

Of course wealth is important. No use having a "glorious" motherland if the people are starving.

As for capitalism -- it's not perfect, and is definitely not as efficient as socialism working at optimum. But socialism rarely works at optimum, since it's fundamentally vulnerable to imploding, standing still, reversing, corrupting, overproducing, underproducing, and other such unpleasantness. Capitalism does those too, but since capitalism depends on the greed of the populace to run (a guaranteed phenomenon) rather than the incorruptibility of the rulers (which is, frankly, very rare), its collapse is much less likely.

Also, I agree with Sikander on the last point: there's a reason why India was unable to overrun Pakistan in 2002.

[Gangerolf]

Originally posted by Lazarus and the Gimp
Substitute "China" with "America", and take a look at your post again.

too late

[Gangerolf]

good thing about china is they don't interfer too much in other countries affairs (except taiwan of course).

[DaShi]

The Chinese eat babies!

S'truth!

[Cookie Monster]

Someone once told me that earth should be destroyed before it becomes a galactic superpower and a threat to the milkyway. Can you imagine that if everyone on earth drove fossil burning cars how much pollution there would be? I think for the sake of the Alpha Centaurians we should destroy this planet. Then maybe it won't be such a big polluter.

[mindseye]

But it is not more efficient than socialism - rampant overproduction for starters, which is near epidemic proportions for Chinese home appliances companies.

Hey, you can't pin that on capitalism! That's just plain bad management.

Increasing production does not guarantee increase in market share. This was a case of people with little knowledge of basic management principles making marketing decisions for huge coporations . You can't blame a society that's so new at it, not to mention learning so quickly, but it can be exasperating at times.

[Cookie Monster]

Originally posted by Lazarus and the Gimp
Substitute "China" with "America", and take a look at your post again.

Lazarus I'm not clear here. When you say America do you mean the continent of South America? Or is it North America. There are a lot of countries in those continents and I'm not sure what you meant by substituting "America" for "China". Anyway, as Panag would say,

.............have a nice day....................

[ranskaldan]

Originally posted by Gangerolf
good thing about china is they don't interfer too much in other countries affairs (except taiwan of course).

China has a history of walling itself in and pretending that the outside world doesn't exist. But that doesn't guarantee that we won't do anything in the future

As for Taiwan, I prediction reunification by referendum in two decades.