China world economic core in 2016.

[reverendjeremiah]

Nonsense.

Their increasing purchasing power means a number of things.

1. They can import raw materials, oil, other commodities, food etc at a cheaper price leading to cheaper goods to trade and consume.
2. They can spend money in other countries more effectively, that massively boosts their industrialization efforts of 3rd world African economies of which they reap enormous benefits and develop these emerging markets into valuable trading partners.
3. Prices for goods and services decrease relative to the currency, improves the standard of living.
4. They can buy more of their own goods and services, further increasing their standards of living.
5. They can more effectively modernize more of their own industry, leading to higher production.

..and they did it without using a single bit of the "Austrian school" of economics or its "superior predictive power". China injects money into its economy just the same as America does. The difference is that China has a state planned capitalism. I prefer America's mixed economic system myself... I just dont like the way they are running it into the ground right now.

[theVOID]

Damn right Cinjin, thought you'll probably get accused of being a nazi sympathizer for saying that.

..and they did it without using a single bit of the "Austrian school" of economics or its "superior predictive power". China injects money into its economy just the same as America does. The difference is that China has a state planned capitalism. I prefer America's mixed economic system myself... I just dont like the way they are running it into the ground right now.

"State planned capitalism" is an bit of an oxymoron.

China are a oppressive totalitarian state economy, nobody is going to argue that it doesn't get shit done, but it's at the expense of it's citizens and their freedoms, I see it as ultimately grossly unethical, and so is your system, just not to the same extent.

If you want freedoms do it right, none of this "half way there" shit.

And as much as you say you like these economic interventions you can't look past the fact that they both facilitated the greed that caused the financial crisis and more or less prescribe the actions that are being taken by your current and previous administration that is wiping out the middle class.

[Zen Badger]

China are a oppressive totalitarian state economy, nobody is going to argue that it doesn't get shit done, but it's at the expense of it's citizens and their freedoms, I see it as ultimately grossly unethical, and so is your system, just not to the same extent.

And isn't corporate America loving it.

http://www.google.com.au/url?sa=t&source...Kvmny9VDCw

I found this bit interesting;

According to the U.S. Bureau of Labor Statistics (BLS), the number of U.S. manufacturing jobs fell by a third to 8.1 million from 12.2 million during the past decade — more jobs lost than in the previous two decades combined. BLS data also show that from the first quarter of 2001 to the first quarter of 2010, a full 39 percent of U.S. manufacturing plants with more than 250 employees closed.

And where have those jobs gone to? And all in the name of short term profit.

[theVOID]

Yeah, hardly surprising when the cost of doing business in the US is one of the highest in the developed world.

[reverendjeremiah]

Yeah, hardly surprising when the cost of doing business in the US is one of the highest in the developed world.

You're joking right? We are sorry that we will not allow you to pay us $2.00 an hour so you can make thousands of dollars of profit off of that same hour Void.

Now, I went and did a google search for "the most expensive country to do business in the world"

and found that the Nordic countries are the most expensive countries to do business in, and to even live in.

A normal beer is 12$, a 10 minute taxi drive is 60-70$, and we get a ton of Swedes coming to the capital to work. Per capita Norway is also one of the wealthiest countries in the world. In the 1960s large amounts of oil were found in the North Sea, all within the areas that we control and own. Since then the Norwegian economy has rocketed, and the prices have followed. It is extremely expensive, but one can also note that even McDonalds pay 20$/hr here. If you want normal escort girls/hookers the standard price is around 2000kr (200£/350$) for an hour.

Damn, we get minimum wage for McDonalds work over here, and they will only work you 32 hours a week to avoid having to pay you benefits, and our hookers will do anything you want for some crack rock. I guess that isnt good enough for Void.

This other site yeilded that Japan was the most expensive country
http://www.aneki.com/expensive.html

And here is wikipedias "List of most expensive cities for expatriate employees"
http://en.wikipedia.org/wiki/Expatriate

Various factors enter into a city's cost-of-living for expatriate employees, such as monetary value, consumer confidence, investment, interest rates, exchange rates of the country's currency, and housing costs. This list does not account for cost-of-living savings accrued to local citizens through government-subsidized housing, health care, and education, differences in taxation, and many other factors irrelevant to expatriates. Cost of living may be much higher for expatriates than for local residents in a developing country, especially if expatriates expect a standard of living similar to a developed country.

Tokyo Japan consistently rates in the top 4 every time they survey. Strange, Tokyo's economy is the 3rd largest in the world after USA and China. Japan has the highest public debt in the world with 225% of GDP. Japan used another technique, somewhat based on Krugman's, called Quantitative easing. So yeah, all of those non-union Japanese car manufacturers that were supposed to be so much better because they didnt receive a bailout from America or its "socialist bail outs"..guess what, if you bought a Japanese car, you bought into a Japanese bailout. Japan bails out and supports their industry. So basically you just sent your dollars over seas so Japan can pay people less to take our jobs here in America. My fellow Americans are so STUPID with their money.

Oh yeah, New York America (New York is very expensive to live in, and my fellow electricians make $50 an hour) typically ranks 08 for 2009.

Los Angeles ranks around 23 for 2009.

Chicago is 50
Cleveland is 97

Do you normally post words like that not thinking I will go and check up on your claims. You hold extremist economic views and you know I am moderate left centrist when it comes to that situation, and I will call you on it if I have the data to do such.
===
Now, with that said, perhaps you can give me a list of countries that are currently using the Austrian school right now? I cant find any on google, but maybe my search terms are poor

"What countries are using the Austrian school of economics"

and all I pull up are sites begging economists to check out austrian economics, and a few sites that are debunking it as "not as scientific as they claim it is".

Perhaps you can clarify this for us?

"State planned capitalism" is an bit of an oxymoron.

I admit when I was studying it last night I had a difficult time telling the difference between that and just regular socialism. Turns out it is more of a Fascist/corporatist concept. Its "Fascist Marxism", or "corporate Marxism" or some shit like that. The state gets lovey dovey with big corporations and they make mutual decisions with each other, usually against the benefits of the common citizen.

China are a oppressive totalitarian state economy, nobody is going to argue that it doesn't get shit done, but it's at the expense of it's citizens and their freedoms, I see it as ultimately grossly unethical,

Oh, I agree very much, and I do consider it unethical as well. Its on the extreme side in my opinion

and so is your system, just not to the same extent.

LMFAO, A mixed economy typically hangs in the center of the political grid, moving only slightly in any direction, wether libertarian, liberal, conservative, or authoritarian, never straying to far. How is a Centrist based economy "extremist"? How can a mixed economy be extreme? It can bend with the zeitgeist, and all options are on the table to be discussed. Does that sound like the Austrian school? Or the State planned FASCISM of China?

If you want freedoms do it right, none of this "half way there" shit.

..and thus the real reason behind it. It isnt about what is successful and what isnt. It isnt about who has the wealth and who doesnt. Its about going full Libertarian. Correct me if Im wrong, by all means.

And as much as you say you like these economic interventions you can't look past the fact that they both facilitated the greed that caused the financial crisis and more or less prescribe the actions that are being taken by your current and previous administration that is wiping out the middle class.

Of COURSE you are right. I have said many times our country is using the interventions too many times for small shit. And also greed has been a factor. So please explain how pulling back any and all regulations except the most spartan few will curb corporate greed and the wiping out of the middle class as well?

Looking forward to the monopolies your economic plan will surely give us.