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Re: Re: Re: Re: Re: Re: Re: Re: Gas out days


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Posted by bo on May 26, 2004 at 14:30:19 from (12.75.107.182):

In Reply to: Re: Re: Re: Re: Re: Re: Re: Gas out days posted by Jim from Pa on May 26, 2004 at 12:27:26:

Jim..you're correct and you're wrong at the same time. China is truly a communist state but its Government is blending elements of Capitalism into the mix. It's working very well. There is substantial investment in private enterprise and wealth is flourishing. True, the majority of Chinese still are poor and still do work for the state but that's changing. If the rate of change continues, then China will be a dramatic economic power shortly.

China wasn't a player as a world economy 20 years ago. I don't think it was much of a player 15 years ago. It is just recently that we are all talking about China..ask yourself...how the heck did they hit the world market in such a short time frame that we're all talking about them? If that rate of growth continues or exponentially increases...what is China going to be in another 15 years? That's a blink of an eye as you know.

As for Japan..Japan was destroyed in the 40s, in the 50's they made absolute junk like China does now...well, much of their stuff is junk. In the 60s, Japan is still low wage and produces junk..in the 70s ,they are a high quality producer and are taking over the US...remember? In the 80s same thing, Japan this and that. We are all scared. In the 90s, they are now highly developed and their wage struture moves way up and they are no longer a low wage nation. Now it's China. What will happen in China in another 15 years? Will they become a huge oil suck? They are now.

As for our loss of jobs.. I know, I worry about that two..you mention outsourcing of xray films..try outsourcing of medical/legal transcription and ...and...your tax returns which you might think your local accountant does.. he just might be one of them who emails them to Bangalore to be done and emailed back.

Later...I gotta go eat.


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