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"Does communism work after all?"
It is a random coincidence that yesterday, when China's stock market sneezed, this essay about China'S economical acting and ambitions was published by Der Spiegel. It is a longer essay, but a very worthy reading, especially so if you happen to not have dealt with China before and are wondering why and how they are doing what they are doing, economically.
http://www.spiegel.de/international/...465007,00.html In another thread someone was saying today that China sneezed and the rest of the world got a cold. There is truth in that. In the same context: http://www.spiegel.de/international/...385446,00.html http://www.spiegel.de/international/...461828,00.html |
Sure it works! As long as the "haves" can control the "have-nots". Just like in the good ol' days!
We have a friend who travels to China several times a year for business. Go behind the facades of skyscrapers and the houses for the "have" and see how the economy is hardly trickling down. I need not tell you how the human trait of jealousy will not let things stand as they are forever. If it will be suppressed, it will be brutal. If it foments country-wide, wages will shoot up and China will wobble. Remember when the world thought Japan controlled the ups and downs of the global economy 2 decades ago? Yes, international economy is more global now but the lopsided advantages of countries like China and India will not be tollerated forever. Let's come back to this thread in 2 decades time and see what's changed. ;) |
I will tell you one thing that has never worked properly since its inception: the stock market. :nope:
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Well I would say no, because as the article points out, many party intellectuals fear that their country is already drifting inexorably towards capitalism. For China to be as successful as it has and for this to grow, it has had to embrace capitalism. As for the poor remaining poor and the rich getting richer (Avon Lady) isn't that what capatilism is really all about? In the UK for example, go back a hundred years or so and you could say a similar situation happened here. It was only with the help of the Trade Unions and subsequently the Labour Party back in the early 20th Century that living standards for the working class got much better over time.
Nemo |
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Someone should point out that China is not communist. It's just a complex dictatorship that calls it's self "communist".
True communism, as defined by the great economic/political philosophers, has never fully worked on a national scale. If it was working on a national scale then it is unlikely that the country would be involved in the stock exchange and financial matters would not be a indicator of communism "working". |
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Another view on it: http://news.bbc.co.uk/2/hi/business/6211250.stm The bad habit of holding shares does not help in this. Morally, something is seriously flawed in that system. Demanding to get payed by workers doing the real tough work becasue I once lend their employer some money? Sounds like a parasite's behavior to me. It certainly helps to blow up the bubble. And yes, I always rejected to buy shares. If an apple costs one dollar, and you have three dollars, how many apples can you buy then? Maths, first class. That is what solid economizing is about. |
I prefer to measure a countries worth by net happiness and not net produce.
It's interesting to see what countries score high. |
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"zielgerichteter, intelligenter Unverschämtheit, charmanter Penetranz und unwiderstehlicher Dreistigkeit." (German wikipedia)I can live with that! :D
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A person who buys stock in a company does not lend it to an employer, he lends it to the company so they can use it to modernize and inprove their operation and products thereby keeping their people employed. |
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