He really know they truth and telling the truth without political bias, he deserves respect from both China and USA, USA really need some one like him.
@ranbo2932 жыл бұрын
Watching this video today,I realized that he did the exact predictions and made the objective judgment in 2015!
1. He explained the advantages for China, he said the US got more advantages but he didn't explained that. 2. Sometimes we just need common sense. When the cost of production of the west, US in particular is much higher than the developing countries, the west is bound to lose out. The west been enjoying good life and still is, while the developing world is coming up using the advantage of cheap labor. It is that simple, unless you have some paradigm shifts. 3. Industrial capacity is no more monopoly of the west. This is happening although I could not explain why. Globalization? 4. As it is, the developing countries are taking turn to becoming better, China, India, Vietnam, Brazil, and etc. It is only time, finally would come an equilibrium. 5. One important point mentioned: That is, China has got a better capitalist system, with its central controlled economy and authoritarian government. A plain denial just pale and invites question mark. 6. The questions of legal system and corruption undoubtedly should be dealt with by any country, China in particular, at this point of time. 7. After 9-11, and the present attack of terrorists, the ideas on personal individual freedom have changed. This is due to practical necessity. Looking at the confused and disillusioned political system, perhaps time to overhaul this political system of the west?
@johannsebastienbach4 жыл бұрын
only stupid people think like that. The usa had massive advantage in narural resources, top immigration and a younger population. China had high production costs these days and they csnt upgrade their tecunology rhrough market competition while all resources diverted to the state and caused massive ineffiviency. The advantage in usa is enormous and in fact the growth was best among western nations in the ladt 10 yrs. Yet china id seeing lower andblower growths
@osmanjerry32724 жыл бұрын
johannsebastienbach. Then why is us economy in deep shit? Of course it could recoup anytime hard to say. But as it is, us is not competitive in its production. The more simple consumer goods lose out to the developing countries. The more heavier goods lose out to japan and Korea. Even the air planes are facing compete. Yes us is still control in the very high tech. But the overall situation is us in deficit every year for so many years. People are starting to wonder how us is to repay its debts? If everything you said is true, then us shouldn’t be in such position.