Oh USA down graded from triple A to double A for the first time ever. Putin has made some great comments and China is taking over the world without a shot
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Right on the head, And even now there is lots of what the Chinese call silent protests, There is more and more corruption from the street cops to town politicians and officials, my last trip there I got to know what you would call middle class citizens they are not poor like the farmers but are not rich by any means all they are trying to do is live a decent life just like everyone else and just like in every other society there will be the people that will be unhappy at the fact that the only way to live somewhat decent is to work for a foreign company and those people are verry bitter towards their goverment. the gov. knows how unhappy people are and thats why they keep so much surveilance every ware. Their way will not last before a revolt and that is when it will be interesting to see if the rest of the world turn the blid eye in favor of cheap lavor.Capitalism needs consumers, preferably ones with money to buy consumer goods. After the 2nd world war, the UK had to produce and export like mad, just to pay back the US for all the military equipment it had to buy. (I WONT go into the politics of that!).
America set up Japan with the most modern production facilities to ensure no repeats of Pearl Harbour. The vastly more efficient Japs then flooded the world with high quality exports, everyone screamed, mostly the inneficiant US manufacturers. Conurrantly, the Germans just set too winning WW2 by economic means. As their populations began to reap the benifits they began demanding higher wages. As the US became less and less efficient most manufacturing was outsourced, especially to the sworn Communist 'enemy' China. Now, usually, this would result in a population demanding higher wages, the cost base becoming more aligned with the rest of the world. Except the Chinese dont operate on our system. They will hold down costs by force if neccesary, untill no-one can compete. Standars and Poors would be put up against a wall and shot if they tried to undermine the Chinese financial system. Its what we should really do in the West to all the dealers in 'money' rather than actually producing things.
The country is in a mess because of special interest greedy pigs of politicians we have, and the employe unions that allow such lazzy a-holes to have and keep the jobs they dont deserve.:rant:As your referring to American inefficiency, I remember watching a program about the car industry, the guys were getting really good money and only actually putting in a few hours a week, then they started to complain when they were fired or told to actually do their jobs. No wonder the country is in a mess
Here too.That unfortunately is everywhere :crap: