Rank: Elder Joined: 6/19/2008 Posts: 4,268
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Rollout wrote:Wendz wrote:Rollout wrote:Wendz wrote:InnovateGuy wrote:The parameters set for classifying a state as failed are debatable. In someone's dictionary, a failed state may mean high rates of delinquency,another person may say it's high poverty levels, and so forth. The truth of the matter is that there is no objective means of measuring a failed state. All the parameters are subjective.
Nonetheless, we should understand where such "studies" arise, how they are conducted, and whom they are intended to benefit. In some cases, these "think tanks" publish ridiculous "findings". In turn, they perpetuate half-myths and stereotypes. Do not be surprised if the CIA funds such "studies".
The irony of the whole thing is that China is such a failed state yet basically everything in US is "Made in China" and they have heavily borrowed from China too... interesting... I wonder if you have ever been to US or atleast understand how economics work.... yes alot of thing are made in China because of cheap labor and China hold less than 12% of US debt....... If i have to go to US to understand some of these things, then i'll make a point. So, do you reckon this has no impact on US? Or the fact that US depend on China for production of a lot of its consumption materials has no effect on US economy? My simple question is, how does US, and basically majority of the world's economy depend on such a failed state? How has this failed state managed to keep its labor that low and produce effectively? Obviously you want me to go deeper into these so I will make it simple.1)US do not go out an borrow from China the way we go out and borrow from other countries, China somehow like to buy US treasuries and thats how the debt come about. 2)The total US debt have some impact on US economy but the piece that is held by china have some inverse economic impact because it offers some directional view of how others look at USA future(higher debt indicate better expectation) 3)US do not depend on china to produce alot of consumption materials, in this senerior, the consumer hold the power not the producer so China depend on US to buy it's manufactured goods and this is the reason why China manage their currency-to make sure they can sell their manufactured good. US however depend on China to purchase hightech goods, like machinaries and cars and technology good but trade deficit between the two countries should tell you who depend on who. 4) The world depend on China mainly because they have one third of the world population, stability and growth of China is very important to the world economy. 5) China labor is cheap and it is a disadvantage to china because it makes china depend on external market for consumption of it's manufactured good yet they hold one third of the world population. 6) Productivity in China is inefficient relative to the west. Is that so? I thought it was the other way round - China produces more efficiently than the West. I do not pride myself to be an expert in economics so, yes, I needed you to go deeper because when you put it as you have, it is educative, simple to understand and i get to learn one or two things.
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