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<p>[QUOTE="900fine, post: 711762, member: 6036"]Well said, Guy. The key word here is "fear".</p><p> </p><p>It's easier to have a high growth rate if one starts off so far behind. In many respects, China's growth has been hampered for 200 years - first by the British, then by themselves. Not surprising they would boom after ditching socialism for capitalism.</p><p> </p><p>And if someone thinks we are "Western has-beens" or being "brought to our knees"... I think those folks are drinking a little Kool-Aid of their own. I'll never understand why so many Americans have such a poor self-image.</p><p> </p><p>Take a look at the numbers here : </p><p> </p><p><a href="https://www.cia.gov/library/publications/the-world-factbook/rankorder/2210rank.html?countryName=China&countryCode=ch&regionCode=eas&rank=4#ch" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.cia.gov/library/publications/the-world-factbook/rankorder/2210rank.html?countryName=China&countryCode=ch&regionCode=eas&rank=4#ch" rel="nofollow">https://www.cia.gov/library/publications/the-world-factbook/rankorder/2210rank.html?countryName=China&countryCode=ch&regionCode=eas&rank=4#ch</a></p><p> </p><p>Browse around in there. There are many interesting parameters, but they all add up to one thing : with 1.3 billion people, China is way, way, way behind on a per-capita basis. Even on an absolute basis.</p><p> </p><p>That said, there are many things we Westerners can do better, as nations and individually.</p><p> </p><p>I believe "Everybody is better off when everybody is better off". China is overdue; I wish them well. They need growth a lot more than we do.</p><p> </p><p>Notice that the official "low income line" in China is $125 / year ![/QUOTE]</p><p><br /></p>
[QUOTE="900fine, post: 711762, member: 6036"]Well said, Guy. The key word here is "fear". It's easier to have a high growth rate if one starts off so far behind. In many respects, China's growth has been hampered for 200 years - first by the British, then by themselves. Not surprising they would boom after ditching socialism for capitalism. And if someone thinks we are "Western has-beens" or being "brought to our knees"... I think those folks are drinking a little Kool-Aid of their own. I'll never understand why so many Americans have such a poor self-image. Take a look at the numbers here : [URL]https://www.cia.gov/library/publications/the-world-factbook/rankorder/2210rank.html?countryName=China&countryCode=ch®ionCode=eas&rank=4#ch[/URL] Browse around in there. There are many interesting parameters, but they all add up to one thing : with 1.3 billion people, China is way, way, way behind on a per-capita basis. Even on an absolute basis. That said, there are many things we Westerners can do better, as nations and individually. I believe "Everybody is better off when everybody is better off". China is overdue; I wish them well. They need growth a lot more than we do. Notice that the official "low income line" in China is $125 / year ![/QUOTE]
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