DISQUS

AMERICAblog: China to rollout economic stimulus plan

  • cereal · 1 year ago
    "a country that needs to be hitting on all cylinders and growing?"

    what the heck does that mean?

    how long can China, or any country, keep "growing?"

    Is constant growth the one and only measure of health for a country?

    Constant growth is unsustainable, by definition (as is full employment, etc.). If it happens in your body, it's called "cancer," and it kills you.

    And seriously - have you spend ten seconds looking at what China's constant gropwth has done to China? To the land? to, you know, baby milk powder, pet food, Tibet, small villages, ethnic minorities, the air quality, etc?
  • Older_Wiser · 1 year ago
    China does need to "grow" in terms of providing its people with basic economic needs and eliminating dire poverty, but not the way it's been doing it, by creating a wealthy ruling class. Of course, by imitating the capitalist example, it has opened the gates of hell in many respects.

    Let's separate good "growth" from outright greed, something capitalist countries are loathe to do. We live on a finite planet and the sooner we act like it, the sooner we'll be able to preserve life on it.

    However, I really like this part of that story: "Some of the money will come from the private sector."
  • Older_Wiser · 1 year ago
    P. S. I'm wondering why that AP story did not include a mention of the $700 billion being pumped into banks and investment houses in the US? Wasn't that supposed to be a stimulus disguised as a bailout? Because we're really not sure that the govt will ever get that money back from them.

    And it also sounds as though China has borrowed a page on infrastructure spending from Obama's plan book.
  • green_libertarian · 1 year ago
    "Because we're really not sure that the govt will ever get that money back from them."

    We, the public, don't even know where that money went...
  • Older_Wiser · 1 year ago
    Well you got me on that...who IS them? : )
  • paulbot5 · 1 year ago
    The US gov needs to stop spending and inflating our money
  • Indigo · 1 year ago
    Experience does not support the idea that what China says and what China does are similar.
  • EllaDisenchanted · 1 year ago
    Strange to be comparing ourselves against a REAL communist country right now, don't you think?
  • andys2i · 1 year ago
    Undoubtedly there are going to be tough times ahead with a worldwide recession underway, but there is reason to have hope as these massive and widespread global rescue plans start to take affect over the coming months. The next 12 months could reprsent the best investing opportunity for generations to come. See some more thoughts at : http://www.savingtoinvest.com/2008/11/china-fle...
  • davespicer · 1 year ago
    Here is their opportunity to invest in energy efficiency and alternatives; to pivot from copying traditional Western profligacy toward focusing directly on quality-of-life issues. In some areas this would mean redoing recent "progress" in a more sustainable manner, but in many others it offers the opportunity to do modernization right the first time.