China’s Strategic Economic Planning versus America’s Capitalism

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China’s Strategic Economic Planning versus America’s Capitalism

(AP Photo/File)

Written by Prof. James Petras; Originally appeared at Global Research

US journalists and commentators, politicians and Sinologists spend considerable time and space speculating on the personality of China’s President Xi Jinping and his appointments to the leading bodies of the Chinese government, as if these were the most important aspects of the entire 19th National Congress of the Communist Party of China (October 18-24, 2017).

Mired down in gossip, idle speculation and petty denigration of its leaders, the Western press has once again failed to take account of the world-historical changes which are currently taking place in China and throughout the world.

World historical changes, as articulated by Chinese President Xi Jinping, are present in the vision, strategy and program of the Congress.  These are based on a rigorous survey of China’s past, present and future accomplishments.

The serious purpose, projections and the presence of China’s President stand in stark contrast to the chaos, rabble-rousing demagogy and slanders characterizing the multi-billion dollar US Presidential campaign and its shameful aftermath.

The clarity and coherence of a deep strategic thinker like President Xi Jinping contrasts to the improvised, contradictory and incoherent utterances from the US President and Congress.  This is not a matter of mere style but of substantive content.

We will proceed in the essay by contrasting the context, content and direction of the two political systems.

China:  Strategic Thinking and Positive Outcomes

China, first and foremost, has established well-defined strategic guidelines that emphasize macro-socio-economic and military priorities over the next five, ten and twenty years.

China is committed to reducing pollution in all of its manifestations via the transformation of the economy from heavy industry to a high-tech service economy, moving from quantitative to qualitative indicators.

Secondly, China will increase the relative importance of the domestic market and reduce its dependence on exports.  China will increase investments in health, education, public services, pensions and family allowances.

Thirdly, China plans to invest heavily in ten economic priority sectors.  These include computerized machinery, robotics, energy saving vehicles, medical devices, aerospace technology, and maritime and rail transport.  It targets three billion (US) dollars to upgrade technology in key industries, including electrical vehicles, energy saving technology, numerical control (digitalization) and several other areas.  China plans to increase investment in research and development from .95% to 2% of GDP.

Moreover, China has already taken steps to launch the ‘petro-Yuan’, and end US global financial dominance.

  China has emerged as the world’s leader in advancing global infrastructure networks with its One Belt One Road (Silk Road) across Eurasia. Chinese-built ports, airports and railroads already connect twenty Chinese cities to Central Asia, West Asia, South-East Asia, Africa and Europe.  China has established a multi-lateral Asian Infrastructure Investment Bank (with over 60 member nations) contributing 100 billion dollars for initial financing.

China has combined its revolution in data collection and analysis with central planning to conquer corruption and improve the efficiency in credit allocation.  Beijing’s digital economy is now at the center of the global digital economy.  According to one expert, “China is the world leader in payments made by mobile devices”, (11 times the US). One in three of the world’s start-ups, valued at more than $1 billion, take place in China (FT 10/28/17, p. 7).  Digital technology has been harnessed to state-owned banks in order to evaluate credit risks and sharply reduce bad debt. This will ensure that financing is creating a new dynamic flexible model combining rational planning with entrepreneurial vigor (ibid).

As a result, the US/EU-controlled World Bank has lost its centrality in global financing.  China is already Germany’s largest trading partner and is on its way to becoming Russia’s leading trade partner and sanctions-busting ally.

China has widened and expanded its trade missions throughout the globe, replacing the role of the US in Iran, Venezuela and Russia and wherever Washington has imposed belligerent sanctions.

While China has modernized its military defense programs and increased military spending, almost all of the focus is on ‘home defense’ and protection of maritime trade routes.  China has not engaged in a single war in decades.

China’s system of central planning allows the government to allocate resources to the productive economy and to its high priority sectors. Under President Xi Jinping, China has created an investigation and judicial system leading to the arrest and prosecution of over a million corrupt officials in the public and private sector.  High status is no protection from the government’s anti-corruption campaign: Over 150 Central Committee members and billionaire plutocrats have fallen.  Equally important, China’s central control over capital flows (outward and inward) allows for the allocation of financial resources to high tech productive sectors while limiting the flight of capital or its diversion into the speculative economy.

As a result, China’s GNP has been growing between 6.5% – 6.9% a year – four times the rate of the EU and three times the US.

As far as demand is concerned, China is the world’s biggest market and growing.  Income is growing – especially for wage and salaried workers.   President Xi Jinping has identified social inequalities as a major area to rectify over the next five years.

The US:  Chaos, Retreat and Reaction

In contrast, the United States President and Congress have not fashioned a strategic vision for the country, least of all one linked to concrete proposals and socio-economic priorities, which might benefit the citizenry.

The US has 240,000 active and reserve armed forces stationed in 172 countries.  China has less than 5,000 in one country – Djibouti.  The US stations 40,000 troops in Japan, 23,000 in South Korea, 36,000 in Germany, 8,000 in the UK and over 1,000 in Turkey.  What China has is an equivalent number of highly skilled civilian personnel engaged in productive activity around the world.  China’s overseas missions and its experts have worked to benefit both global and Chinese economic growth.

 The United States’ open-ended, multiple military conflicts in Afghanistan, Iraq, Syria, Libya, Yemen, Niger, Somalia, Jordan and elsewhere have absorbed and diverted hundreds of billions of dollars away from productive investments in the domestic economy.  In only a few cases, military spending has built useful roads and infrastructure, which could be counted a ‘dual use’, but overwhelmingly US military activities abroad have been brutally destructive, as shown by the deliberate dismemberment of Yugoslavia, Iraq and Libya.

The US lacks the coherence of China’s policy making and strategic leadership.  While chaos has been inherent in the politics of the US ‘free market’ financial system, it is especially widespread and dangerous during the Trump regime.

Congressional Democrats and Republicans, united and divided, actively confront President Trump on every issue no matter how important or petty.  Trump improvises and alters his policies by the hour or, at most, by the day.  The US possesses a party system where one party officially rules in the Administration with two militarist big business wings.

US has been spending over 700 billion dollars a year to pursue seven wars and foment ‘regime changes’ or coups d’état on four continents and eight regions over the past two decades.  This has only caused disinvestment in the domestic economy with deterioration of critical infrastructure, loss of markets, widespread socioeconomic decline and a reduction of spending on research and development for goods and services.

 The top 500 US corporations invest overseas, mainly to take advantage of low tax region and sources of cheap labor, while shunning American workers and avoiding US taxes.   At the same time, these corporations share US technology and markets with the Chinese.

 Today, US capitalism is largely directed by and for financial institutions, which absorb and divert capital from productive investments, generating an unbalanced crisis-prone economy.  In contrast, China determines the timing and location of investments as well as bank interest rates, targeting priority investments, especially in advanced high-tech sectors.

Washington has spent billions on costly and unproductive military-centered infrastructure (military bases, naval ports, air stations etc.) in order to buttress stagnant and corrupt allied regimes.  As a result, the US has nothing comparable to China’s hundred-billion-dollar ‘One Belt-One Road’ (Silk Road) infrastructure project linking continents and major regional markets and generating millions of productive jobs.

 The US has broken global linkages with dynamic growth centers.  Washington resorts to self-defecating, mindless chauvinistic rhetoric to impose trade policy, while China promotes global networks via joint ventures.  China incorporates international supply linkages by securing high tech in the West and low cost labor in the East.

Big US industrial groups’ earnings and rising stock in construction and aerospace are products of their strong ties with China. Caterpillar, United Technologies 3M and US car companies reported double-digit growth on sales to China.

In contrast, the Trump regime has allocated (and spent) billions in military procurement to threaten wars against China’s peripheral neighbors and interfere with its maritime commerce.

US Decline and Media Frenzy

 The retreat and decline of US economic power has driven the mass media into a frenzy of idiotic ad hominem assaults on China’s political leader President Xi Jinping.  Among the nose pickers in print, the scribes of the Financial Times take the prize for mindless vitriol. Mercenaries and holy men in Tibet are described as paragons of democracy and ‘victims’ of a …flourishing modernizing Chinese state lacking the ‘western values’ (sic) of floundering Anglo-American warmongers!

To denigrate China’s system of national planning and its consequential efforts to link its high tech economy with improving the standard of living for the population, the FT journalists castigate President Xi Jinping for the following faults:

1.)    For not being as dedicated a Communist as Mao Zedong or Deng Xiaopeng

2.)    For being too ‘authoritarian’ (or too successful) in his campaign to root out corrupt officials.

3.)    For setting serious long-term goals while confronting and overcoming economic problems by addressing the ‘dangerous’ level of debt.

While China has broadened its cultural horizon, the Anglo-Saxon global elite increases possibility of nuclear warfare.   China’s cultural and economic outreach throughout the world is dismissed by the Financial Times as ‘subversive soft power’. Police-state minds and media in the West see China’s outreach as a plot or conspiracy.  Any serious writer, thinker or policymaker who has studied and praised China’s success is dismissed as a dupe or agent of the sly President Xi Jinping.  Without substance or reflection, the FT  (10/27/17) warns its readers and police officials to be vigilant and avoid being seduced by China’s success stories!

China’s growing leadership in automobile production is evident in its advance towards dominating the market for electric vehicles.  Every major US and EU auto company has ignored the warnings of the Western media ideologues and rushed to form joint ventures with China.

China has an industrial policy.  The US has a war policy.  China plans to surpass the US and Germany in artificial intelligence, robotics, semi-conductors and electric vehicles by 2025.  And it will —because those are its carefully pronounced scientific and economic priorities.

Shamelessly and insanely, the US press pursues the expanding stories of raging Hollywood rapists like the powerful movie mogul, Harvey Weinstein, and the hundreds of victims, while ignoring the world historic news of China’s rapid economic advances.

The US business elites are busy pushing their President and the US Congress to lower taxes for the billionaire elite, while 100 million US citizens remain without health care and register decreased life expectancy!  Washington seems committed to in State-planned regression.

As US bombs fall on Yemen and the American taxpayers finance the giant Israeli concentration camp once known as ‘Palestine’, while China builds systems of roads and rail linking the Himalayas and Central Asia with Europe.

While Sherlock Holmes applies the science of observation and deduction, the US media and politicians perfect the art of obfuscation and deception.

In China, scientists and innovators play a central role in producing and increasing goods and services for the burgeoning middle and working class.  In the US, the economic elite play the central role in exacerbating inequalities, increasing profits by lowering taxes and transforming the American worker into poorly-paid temp-labor – destined to die prematurely of preventable conditions.

While Chinese President Xi Jinping works in concert with the nation’s best technocrats to subordinate the military to civilian goals, President Trump and his Administration subordinate their economic decisions to a military-industrial-financial-Israeli complex.

Beijing invests in global networks of scientists, researchers and scholars.   The US ‘opposition’ Democrats and disgruntled Republicans work with the giant corporate media (including the respectable Financial Times) to fund and fabricate conspiracies and plots under Trump’s Presidential bed.

Conclusion

China fires and prosecutes corrupt officials while supporting innovators.   Its economy grows through investments, joint ventures and a great capacity to learn from experience and powerful data collection.  The US squanders its domestic resources in pursuing multiple wars, financial speculation and rampant Wall Street corruption.

China investigates and punishes its corrupt business and public officials while corruption seems to be the primary criteria for election or appointment to high office in the US.  The US media worships its tax-dodging billionaires and thinks it can mesmerize the public with a dazzling display of bluster, incompetence and arrogance.

China directs its planned economy to address domestic priorities. It uses its financial resources to pursue historic global infrastructure programs, which will enhance global partnerships in mutually beneficial projects.

It is no wonder that China is seen as moving toward the future with great advances while the US is seen as a chaotic frightening threat to world peace and its publicists as willing accomplices.

China is not without shortcomings in the spheres of political expression and civil rights.  Failure to rectify social inequalities and failure to stop the outflow of billions of dollars of illicit wealth, and the unresolved problems with regime corruption will continue to generate class conflicts.

But the important point to note is the direction China has chosen to take and its capacity and commitment to identify and correct the major problems it faces.

The US has abdicated its responsibilities.  It is unwilling or unable to harness its banks to invest in domestic production to expand the domestic market.  It is completely unwilling to identify and purge the manifestly incompetent and to incarcerate the grossly corrupt officials and politicians of both parties and the elites.

Today overwhelming majorities of US citizens despise, distrust and reject the political elite.  Over 70% think that the inane factional political divisions are at their greatest level in over 50 years and have paralyzed the government.

80% recognize that the Congress is dysfunctional and 86% believe that Washington is dishonest.

Never has an empire of such limitless power crumbled and declined with so few accomplishments.

China is a rising economic empire, but it advances through its active engagement in the market of ideas and not through futile wars against successful competitors and adversaries.

As the US declines, its publicists degenerate.

The media’s ceaseless denigration of China’s challenges and its accomplishments is a poor substitute for analysis.  The flawed political and policy making structures in the US and its incompetent free-market political leaders lacking any strategic vision crumble in contrast to China’s advances.

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  • Bru

    A superb paper!! This comparison puts the US regime to such a shame…

    • You can call me Al

      “puts the US regime to such a shame…”

      The understatement of the year.

  • Solomon Krupacek

    china is weak. its regular banking system is before collaps, the grey bank loans are so big, that can within 1 h cause the collapse of chinese economy. the wjole growth was based on borrowed money, and the state ordered projcts. the result is, that tjere are ghost cities, and everybody is waiting for wave of bancrupcy of thousands chines firms. china will cause the next global crisis. and after this crisis will be again little.

    • John

      My country, the US, is floating on air. China has a better shot right now. The outcome remains to be seen though. A good one to you Solomon.

      • Solomon Krupacek

        Sure, your words are true. Also for USA is not pink the future.

        if you check the dovernment debts, china is better.

        BUT, if you see the total debt, then china is in much, much worse situation. while in usa the total debt is on level of 105% of gdp, in china 300%. and this is problem. each firm, each household has o much debt (and not only legal, from regular banks, but mostťly illegal, fictive, grey banks), that little wanking can cause domino effect in chinas economy

        http://www.usdebtclock.org/

        http://www.nationaldebtclocks.org/debtclock/china

        In addition, our estimates based on monthly data on total social financing suggest that China’s total debt surpassed 304 percent of GDP as of May 2017,” the IIF noted.

        the € zone is the most stabel in this way.

        On the other hand, there’s been a steady decline in euro area private sector debt, from $103.4 trillion in the first quarter of 2016 to $97.7 trillion in the first quarter of this year.

    • matt

      wrong. USA makes the same mistakes again, loanes to companies that are almost bankrupted and mortgages to people that can not afford it. Americans are ruled by a corrupted ultra rich group of sociopaths. Their democracy is fake, the mayority of the population is ignorant and they still believe in capialism with a small government, wich eventually will lead to the decline of the USA as a superpower.

    • Barba_Papa

      It’s true that the Chinese have a glass jaw in their banking system. So has the US. But the Chinese at least seem willing and able to tackle problems. By setting out a longterm economic strategy they’re at least lightyears ahead of the US and the EU too for that matter. In Europe governments look no further ahead then the next election, or ignore them at worst (cough Italy/France cough). In the US there is no economic strategy other then to frustrate any policy any current president has. To the point that Obama had to rule by presidential decree and no president can even push through anything through Congress even with a majority.

      As for the bankers, if the Chinese system were to collapse expect a lot of them to be hanged or shot, in mass public killings if need be to hammer down the point. That will clear things up very quickly. We on the other hand still haven’t punished a single banker for ruining our lives during the last banking crisis. As a result we are still held hostages by the same assholes. Bankers! More destructive then ISIS, for whom I at least have some respect. They at least are willing to die for their cause. Bankers are only out to screw us over for a quick buck.

      • Solomon Krupacek

        “It’s true that the Chinese have a glass jaw in their banking system. So
        has the US. But the Chinese at least seem willing and able to tackle
        problems. By setting out a longterm economic strategy they’re at least
        lightyears ahead of the US and the EU”

        i would be glad, if you were right. but after growing upin sicialism, i doubt in the ability and effectivity of central planning.

        • Barba_Papa

          I would hardly call the Chinese socialists. Or communists. Their society has massive wealth inequality. And more free capitalism then most Western countries. It’s economic capitalism tempered by communist politics. As in do the fuck I say or else….. We can debate how effective the Chinese state apparatus really is, but at least they’re trying to do something long term. That’s more then can be said about the US or the EU. I remember soldiers saying they would rather follow a bad officer into a battle then an indecisive one.

          • Solomon Krupacek

            ” It’s economic capitalism tempered by communist politics.”

            true. but politics order centrally the direction. also for banks, what to do. THIS is the commie mentality and i have doubt, whether they are on the right way?

          • Barba_Papa

            They are at least on a different path then Western countries, who are at the mercy of the big banks and multinationals, who all look no further then the next bonus and shareholder value.

            Total communism is an unbridled disaster. Total capitalism is an unbridled disaster. Ideally a mix between socialism and capitalism would be the best for all. We had social democracy in the West. It lifted the poor and middle classes into prosperity. We threw it away for neo -liberalism. For a quick buck. I hope that the Chinese are making the right choices. God knows we haven’t.

  • Rodger

    China’s government is free to govern and can make changes. The government in the US is in a near-constant dead-lock with itself and can’t steer enough to avoid any huge iceberg in its path.

    • as

      Democracy hit it’s limit in the US and it’s close allies. What followed after that is anarchism.
      We have seen that in reality the politics always favor the resourceful. In this cases the money makers. The US have multiple privately owned mega business (various MIC, Goldman in example) in comparison the Chinese state owned mega business.
      Then again all kind of government in the end will succumb to corruption, it’s only the matter of how fast and how quick it can recover from them.

      • Rodger

        Democracy only works if the voters are informed and engaged. I’m Dutch and people here are so decadent that we have a party that only focusses on animal rights that holds 2% of the seats in our parliament.
        Like a great man once said, the price of liberty is eternal vigilance. We seem to have forgotten that.

        • as

          Anyhow following the US models where the media is a paid loudspeaker make it hard for the citizens to be informed even less engaged. In this cases the corruption hit the democracy pivotal points in which the citizens forming their view.

          • Rodger

            You first have to be engaged before you inform yourself. If you let the media decide what is good you’re lost from the start.

          • as

            Media choose to inform. We have the power to decide but there’s nothing going too far from what we know. We can’t decide against corrupt official if we don’t know what’s wrong with it.
            Media or more specifically Journalism is the pivot of democracy. Corrupt it and we got corrupted democracy in place.

        • Jens Holm

          Animal rights like that tells that Your country is a big succes, when it can effort to go to so small details.

  • paulgilpin

    this article is propaganda.
    it says nothing of the US off shoring its entire manufacturing base to china.
    it says nothing of the trillions of dollars invested in china by wall street from the 60s forward. yes, the 60s.
    it says nothing of the billions of dollars taken from the citizens of the US by the fed’s ZIRP.
    it’s really easy to sing the praises of china giving away US tax dollars.
    to US haters, you better hope the chinese have put all their technology and know how into their military weapons, because they can’t even make a center punch that will.

    • as

      It made the point of this paper actually. The mega businesses in the US is not a subject to be ruled by it’s government therefore it’s open/free in any kinds of deal that can enriched itself. In contrast the Chinese have set the goal to enrich the country first and foremost to the mega businesses operating in it’s soil.

    • Bobby Twoshoes

      That comment is retarded.
      None of the shit you mention contradicts or adds anything new beyond what the article says, if it has any relevance it is that it supports the idea Americans are incompetent buffoons lost to reality. That last comment was totally absurd, your response to an article that stresses China’s aversion to war with deference to civil and infrastructure investment is some arrogant nonsense implying their ability to outproduce western nations will make them less capable at producing weaponry than the US where corruption compromises every military procurement such that toilet seats are listed as costing $100,000 on accounting records? I’ve got news for you mate; China only makes cheap crap because westerners are dumb enough to pay good money for it, they also make all the high-end stuff you can’t afford. Also, we capitalise the first letter of our sentences in English, you’d know that if you went to a Chinese school.

    • chris chuba

      This more or less reinforces the author’s point (which I don’t entirely agree with). While the U.S. embraces ‘free trade’ and tolerates massive trade imbalance, China manages trade, stacks the deck in favor of local industry, and sucks U.S. dollars into its economy like a vacuum.

    • Jens Holm

      I agree. Its a limited article. Another better example could be when Saddam tool Kuwait, he didnt take Kuwait.

      We are more parts of each other then most people think and in many matters it make no sense talking about SDF and Americans take all the oil. Oil from crude is only a corner and the value raises at the world marked and not only as fuel. The real value is seen, when it is a build in to my Acer and small Samsung Galaxy.

      Im not rich, but I have a pension fond. That fond has interests in USA and american companies have companies here, which is theirs, but they are not only, for we are stockholders in them too.

  • Paolo

    Good morning,
    I don’t like to stop Prof. Petras enthusiasm, but his opposition reminds other times and other modes of production. PRC is not USSR, PRC’s mode of production is all but socialistic mode of production, what we see, one against the other, is a multinational/lobby monopolized capitalistic mode of production (the western ones) vs a state monopolistic capitalistic mode of production (PRC). Prof Petras says that Xi is not as communist as Deng and Mao… I spent 4 years of Ph.D research job, working on the original Mao manuscripts, before the “corrections” done to make possible to publish his “selected works” under a “marxist” international enviroment, comparing it both with original German Marx writings and Russian fonts, as well as Chinese classics and traditional thought. Result is here available for all:
    https://www.academia.edu/3394081/Il_substrato_confuciano_e_tradizionale_del_marxismo_di_Mao_Zedong
    Dear Prof. James, Mao was nor marxist, nor communist. Mao was legist, learner of schools of strategy (Sunzi and others), confucian (despite of his late campaign against Confucius), daoist, and a good student of general Zhu De, from whom he learned a lot about guerrilla warfare. So called “Mao Zedong thought” is not an adding to marxism-leninism, it means his official death. To call his sort of “barrack communism” a “chinese type” of socialistic mode of production, cannot help to explain what became after and what is becoming today. And is historically false. Sorry to all for my position, but to find here this kind of article especially today, 7/11/2017, is a big struck. И всё-таки я верю…
    Best regards
    Paolo

  • chris chuba

    The common argument against China is the following …
    1. They have massive amounts of debt, here is a counter-argument http://www.unz.com/article/chinas-financial-debt-everything-you-know-is-wrong/
    The gist of it is that it is comparable to the U.S. but they have higher growth rate and most of the debt is internal.
    2. Managed economies are inefficient, ie. they are encouraging a housing / building sector bubble, so did we.
    I don’t know, we will see how this plays out. I have some investment in the Chinese ETF version of their S&P 500.

    They are certainly very shrewd on the international scene. They let Russia take all of the heat, they abstain in the Security Council and let Russia do the veto most of the time (cowards). They invest in Africa, the U.S., Canada, etc and other places while we send in special forces, ie. they are building assets while we are wasting ours. This prudence makes me think that they know what they are doing.

    • Solomon Krupacek

      ad 1)
      the total debt are on level of 300% of GDP. and the chinse ecvonomy is much more vunerable then the american, the firms wil have giant problm in close future.

      ad 2)
      dont understimate the commie central planning of economy. is very uneffective. but this you can saw at the end of socialist system. :)

      • chris chuba

        In the link that I included, both the U.S. and China had debt to GDP that was virtually identical at 256%.

        The difference was that most of China’s debt was personal while most of the U.S. debt wast govt, don’t know if that matters. I have no idea how interest rates in the U.S. can remain low because the fed can sop up govt securities, kind of like a fan on a sailboat propelling itself but so far it’s working :-).

        I’m not a fan of central planning. The Chinese govt seems to be favoring building projects while letting pollution run rampant. I would think that at some point people would choose to ‘buy’ clean air rather than empty office buildings.

        I used to be a purist on free trade but now I’m starting to think that some policies that favor domestic industries might not be so bad. I still cannot accept price controls :-), can’t let go of the idea of the invisible hand. I read Julian Simon’s book, ‘the ultimate resource’ and that was one thing he was passionately against.

        • Solomon Krupacek

          i copied the 300% from analysis of specialized group. also the central bank of china stated some days ago, that the firm debts can cause big crises.

          i am not economist, i can repeat only what economists say. the fact is, i never saw optimistic analysis about chinese economy.

          “The difference was that most of China’s debt was personal while most of the U.S. debt wast govt, don’t know if that matters.”

          yes, most of chinese debts are on firms and households. but remeber, the last crises was caused by household credits in USA. so, if they become toxic, due to inability of people to pay, the banks dont have cashflow, they fall also. and today with banks fall everything.

          i really dont want new black friday, therefore i hope, china will be able to solve these problems.

        • Solomon Krupacek

          here is one germen article, the google translator translates into english in good quality

          https://deutsche-wirtschafts-nachrichten.de/2017/11/06/zentralbank-warnt-vor-schuldenkrise-china/

          in the last part are concrete numbers, official from people bank of china (central, national bank)

  • Vitex

    High-tech service economy? Once everyone is in the service economy we can sit in a room and sell each other services while we starve. Does nobody have any concerns that we are building on prime farm land and running out of water?

    • Jens Holm

      The world dont need food.

      My country Denmark could produce food for many more millions. The problem is, if others has anything for us like money and fx services. We dont produce for free.

      How stupid do You think we are.

      No, we make things people will buy and that include almost everything else. You can see it on trade tabels. I wil show You a kind of picture which has nothing to do with, how Denmark is a great nation or like that.

      Maears shipping and Maersk Oil, Vestas Windpower, component to all kinds of pumpinsystems, parts to sattelites, advanced parts to weapon systems fx the F16 as a big one. Minimicrophones and antennas for ears as well as mobilephones and androids. We produce a lot world of world music , on e of the main inventers was/are Danish, Hitman as gamer is Danish and not much later has become movies.

      So Your problem is, where there is no money to buy food. Syria in north and along the rivers are higly ineffective in most processes. Thats where the improvements are relevant and SDF by PYD would like to have more collective farming in a modern way and feel more safe having food for next and next year and a little money to buy, what they cant produce themselves.

      But is it our problem. No, their oilmoney go to Assads, Baathistas and friends i no tax and corruption and are just confirmed again the other day by the socalled 13,4 mio cases from the socalled Paradice paper.

      And its funny strange in almost grotece way, because Karl Marx kind of said. Dont have so much fear for Capitalism, but have fear for bureaucrasy and corruption.

      Polices around the world says “follow the Money” .

      So the problems are all over the world in any systems having that kind of malfunction.

  • Now dear Canada you can see that you have a choice. You can see here what I mean when I say you need to choose a direction that will take you into the future. Chima is the best example of what I mean by the future. United States is the best example of of a failed future. Which will it be?