Quote:
Originally Posted by kwc
You are really speaking things out of context. I didnt saying whatever MM Lee Kuan Yew says is 100 % true. What I did say, if you mind, is that whatever he says has CERTAIN AMOUNT of truth in it. Not PURELY TRUE. If he is unintelligible, he will not be respected and his statements will not be well read. Comparibly, if Warren Buffett would be making some statements about current economics in US, it is stupid to view against him. Its not that he will not be wrong but the amount of truth in it is more than any of us here might have thought otherwise. Anyway, it is a waste of time arguing such a common sense with you.
|
Right back atcha. I never insinuated that you stated he was 100% right on everything, merely that "it is true." It can refer to any amount of his argument as you intended to pass. If he is going to defy classical-liberalism, you better have a bigger argument than "He use to be prime minister of Singapore"
Quote:
|
All countries has its up and down especially a country as big as China. What would you expect from a country with as many as a billion plus people. All its problems will be magnified few times more.
|
No, China's problems are only magnified because of its lack of democratization. India has a population of over a billion too, and it's problems aren't magnified (although, most problems in the world are magnified, I would rather say not as magnified as China).
Quote:
|
What you are saying shows how unintelligible you are and how little knowledge you have in economics. Well, Australia, New Zealand, US and Canada has major economy in agriculture as well. According to your argument, how can they be developed? I am not saying China is developed now mind you. I do agree with you and it is something obvious that do not need a rocket scientist to figure out that China is still not advanced. But although they are not as advanced presumedly as with US, Japan, or other technological advanced nations, they are catching up fast. This year they will be conducting a space walk. Mind you again! I WAS SAYING CATCHING UP! So, it doesn't matter ten or twenty years ago US did this or Russia did that ok.
|
Ah yes, the guarding terms of name calling. Canada's farming population accounts for 3% of the labour in Canada -- the US and other developed nations are not far behind. China's majority is still agrarian on all counts. Plus in many of these countries, the trade is surviving on subsidies making their benefit to the economy that much lower; increasing the price of domestic foodstuff, reducing workers productivity (work in farms is only productive during crop season) and thus driving up opportunity costs that are forgone because of these subsidies; depriving other more deserving sectors of their labour within the national economy (most likely the service sector). Agricultural economics in the developed world produces a deadweight lost on all counts of its existence and so rendering its business an economic burden rather than something that drives the economy as you seem to insinuate. I don't know how you were expecting to say I had poor knowledge of economics out of this....
Countries that have a dominant agricultural economy are known to have major issues concerning governance, economic development and technological innovation. This is purely simple economic facts supported by the economic laws I have stated prior. I don't think there's a single economist out there that would deny that the majority of employment in the developed world is in the service industry.
Quote:
|
Boeing? They source many parts from China as well especially their wings. China is developing a regional jet now. Like I said again, they are still catching up and not there yet. You were saying also China only produces toothbrushes? Darn you this shows how ignorant you are. You sure failed miserably in life because of your close mindset and ignorant views. They are currently the largest producer of laptops, LCD tvs, mobile phones and many other things you use at home.
|
Did I say
only tooth brushes? Not at all. If failing at life is sticking to economically viable plans, than inventing other's arguments must be that much of a bigger failure.
Does China still produce tooth brushes? Yes.
I'd like to see if China makes any significant contribution to Boeing productions since I know Boeing makes goods for the US Army and they have a strict made in the US only policy regarding that. Further I only used these examples to illustrate the manufacturing gap that is present between a developed economy and China -- if you can go beyond the micro example and either agree or disagree on the actual matter.
Is the entity of China really the major producers of these goods, or is it workers living in China who work under the education/training, supervision, plans, and investments of foreign companies?
China is making progresses, there's no denying that, but it's far from the example of an authoritarian alternative to development to a post-industrial society.
Quote:
|
I am not in a view that China will fly directly to the sky without any barriers. In between their rise, there would be some conflict and some ups and downs that they need to solve. You might not be able to see it now but your children and grandchildren might some day plead to learn chinese. I am saying Might, ok, not definite! If you choose to view negatively on all things China and be ignorant instead of seeing the opportunity, thats your own mistake.
|
What's with all these calls on ignorance. I am myself learning Chinese and getting a minor in the field as we speak. Again, refer to my statement immediately above to realise what I am actually arguing.
Quote:
|
Here shows how ignorant you are again on this one. Singaporeans are now flocking to invest in China leaving the doubtful and scaring people like you hiding in the hut. Warren Buffett also has invested in China and says he will be investing there as well in the future when the law is figured out right. Singaporeans helped develop suzhou industrial park there and make it into a success. They are currently planning an eco city jointly developed with chinese people there.
|
The only ignorant person around here is the one that argues nothing of what I'm arguing. I never denied foreign investment into China. But again, it's not because there is accelerated economic growth under an authoritarian government that these will:
a) be sustainable in the long run
b) be able to avoid democratization and liberalism if it ever wants to do more out of its economy than what foreign companies are telling her to manufacture
c) resistance to liberal changes for better long term growth are not rational, they are merely myths of anti-foreign sentiments still very present within China and that results in the idea that China can defy economic laws and forever develop using a "Chinese style" of some sort.
Quote:
|
Yes, Singapore now is an urbanised and rich city but they are not inheritedly given of their wealth. When Malaysia disbanded them, they are just a poor fishing village without basic necessity such as water and oil. They have developed though hard work and persistency to such a nation they are today. China is learning from them and also from other nations as well. It seems your idea and prophecy is more fallible than you may want to admit.
|
Singapore has had a tradition of attracting rich merchants and businesses from India, China and Malaysia/Indonesia since the 1500's. They were not just a poor fishing village when they separated, the movement was a group of rich entrepreneurs investing in that territory.