WILL CHINESE WORKERS CHALLENGE GLOBAL CAPITALISM? PT.2 MINQI LI INTERVIEW To watch a multi-part episode, click the link Below: www.therealnews.com
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China is collapsing. $2 TRILLION is outstanding loans that are UNSECURED to keep industries and factories afloat. Output is slowing and they are still building shit that sit idle ony factory floors….all dressed up with nowhere to go. $2 TRILLION….ummmm….that IS there total annual economy!!! Their govt banks utilize the money people save to give to failing factories. 40,000 factories closed in a single month alone. 6000 factories left china and went to MEXICO. China is fucked.
@WillEyedOney yeah he speaks pretty well. they should’ve put subtitles on the pakistani or indian guy talking about the effect of the floods on the taliban, i couldnt understand a word and i was really interested in it.
@ManicStreetStevO You can’t claim to want less government intervention, and then sing the praises of Deng Xiaoping. It doesn’t get more regulatory than a “one child policy”, and Deng himself admitted fault in the disasters related to the Great Leap Forward due to over-speculation and unrealistic output and distribution goals.
@ManicStreetStevO Further, to say that collectivization always leads to a rut is simply not true. Even the Soviet Union experienced periods of great economic growth. Even under a man like Stalin. We have countries that exist with large portions of their economies collectivized that have fared well even through the economic crisis. Not all Governments are cut from the same cloth. Though if we’re speaking of a state, we’re no longer speaking about Communism. Zedong had his own demons.
@ManicStreetStevO I prefer Walter Block’s critique of Hayek, personally. Honestly, if you’re trying to make Nazi Germany out to be a socialist state, you’re trying too hard, and likely compromising your academic integrity. As for the band, as a guitarist, I like good/intelligent music first, though their politics had at one time been a pleasant surprise.Their lyricist has since denounced communism, and I continue to listen unfettered. I don’t turn to music for my politics. Im Also a Rush fan.
@HuxleyWasRight There is no free market in China. China is a capitalist state much like the U.S., with governmental counterbalances/regulations, and socialist institutions, or didn’t you watch the video? In fact, you’d be hard pressed to find anything close to a free market anywhere in the world outside of countries like Somalia. It behooves you, I would think, to the know the meaning of the very thing you wish to support. Even Hayek felt that there was too much insistence on a free market. cont
@ManicStreetStevO look what it’s done in China, just look at the difference between the time under Mao and how utterly horrible it was and then under deng xiaoping who opened up China’s markets, the difference is very stark, but if you want to live in a communist induced rut, which all collectivist regimes end up imposing on their citizens (read Hayeks road to serfdom), then carry on listening to the manic street preachers ;- )
Minqi Li has a good grasp of global economic mechanisms. Like it or not, we are all connected and when one country starts its Keynesian endpoint; rippling to others will occur within seconds.
Additionally, Mr. Li touches on peak oil. Even assuming technological advances, oil continues to be more expensive to produce. Economies are dependent upon oil to fuel their growth. Increases in Oil production costs directly relate to higher costs of goods. Unraveling of societies will occur.
@pat442389 They’ve already done dozens upon dozens of segments on the economic system, and the Federal Reserve played a role, but did not cause the disaster.
@largo2001 oil price spiked up in 2007, then 2008 US banking system nearly collapse, and severe recession in US economy, worldwide financial crisis hid major economies, and especially Europe and they (Europe) is still knee deep in financial shit right now. What have you to say?
@LeadHammer And I HOPE IT NEVER WILL, You are at odds with human nature on a large scale, country size, if you believe it can work. Maybe in small groups of homogenous people it will work but not on a large scale
i would really like you guys to tackle the US federal reserve system, tim giethner and ben bernanke maybe even hank paulson so ppl know why the US’s economy really collapsed.
CORRUPTION COUNTERS CHINA’S PLANNING
China is collapsing. $2 TRILLION is outstanding loans that are UNSECURED to keep industries and factories afloat. Output is slowing and they are still building shit that sit idle ony factory floors….all dressed up with nowhere to go. $2 TRILLION….ummmm….that IS there total annual economy!!! Their govt banks utilize the money people save to give to failing factories. 40,000 factories closed in a single month alone. 6000 factories left china and went to MEXICO. China is fucked.
Capitalism died a long time ago from the inside. Thank the US government for that.
@WillEyedOney yeah he speaks pretty well. they should’ve put subtitles on the pakistani or indian guy talking about the effect of the floods on the taliban, i couldnt understand a word and i was really interested in it.
@ManicStreetStevO You can’t claim to want less government intervention, and then sing the praises of Deng Xiaoping. It doesn’t get more regulatory than a “one child policy”, and Deng himself admitted fault in the disasters related to the Great Leap Forward due to over-speculation and unrealistic output and distribution goals.
@ManicStreetStevO Further, to say that collectivization always leads to a rut is simply not true. Even the Soviet Union experienced periods of great economic growth. Even under a man like Stalin. We have countries that exist with large portions of their economies collectivized that have fared well even through the economic crisis. Not all Governments are cut from the same cloth. Though if we’re speaking of a state, we’re no longer speaking about Communism. Zedong had his own demons.
@ManicStreetStevO I prefer Walter Block’s critique of Hayek, personally. Honestly, if you’re trying to make Nazi Germany out to be a socialist state, you’re trying too hard, and likely compromising your academic integrity. As for the band, as a guitarist, I like good/intelligent music first, though their politics had at one time been a pleasant surprise.Their lyricist has since denounced communism, and I continue to listen unfettered. I don’t turn to music for my politics. Im Also a Rush fan.
@HuxleyWasRight There is no free market in China. China is a capitalist state much like the U.S., with governmental counterbalances/regulations, and socialist institutions, or didn’t you watch the video? In fact, you’d be hard pressed to find anything close to a free market anywhere in the world outside of countries like Somalia. It behooves you, I would think, to the know the meaning of the very thing you wish to support. Even Hayek felt that there was too much insistence on a free market. cont
@ManicStreetStevO look what it’s done in China, just look at the difference between the time under Mao and how utterly horrible it was and then under deng xiaoping who opened up China’s markets, the difference is very stark, but if you want to live in a communist induced rut, which all collectivist regimes end up imposing on their citizens (read Hayeks road to serfdom), then carry on listening to the manic street preachers ;- )
Smart presenter,,,, 2010 + 5 = 2015 :)
quote from napoleon
“Let China sleep now when she wakes the world will be sorry” =(
@matchbox555 Global Financial Crisis.
Its a catch phrase here in Australia, sorry hehe
Minqi Li has a good grasp of global economic mechanisms. Like it or not, we are all connected and when one country starts its Keynesian endpoint; rippling to others will occur within seconds.
Additionally, Mr. Li touches on peak oil. Even assuming technological advances, oil continues to be more expensive to produce. Economies are dependent upon oil to fuel their growth. Increases in Oil production costs directly relate to higher costs of goods. Unraveling of societies will occur.
@HuxleyWasRight Where has the free market done great things?
@pat442389 They’ve already done dozens upon dozens of segments on the economic system, and the Federal Reserve played a role, but did not cause the disaster.
@StopGlobalBullshit08 The US remains the largest economy in the world by all measures, GNI or GDP.
@largo2001 oil price spiked up in 2007, then 2008 US banking system nearly collapse, and severe recession in US economy, worldwide financial crisis hid major economies, and especially Europe and they (Europe) is still knee deep in financial shit right now. What have you to say?
@spartan2600 WAS the largest economy.
@largo2001 US is the largest economy in the world, China is #2. The speaker was pretty intelligent, its you that has no credibility.
@largo2001 so SPEAK UP, you dumbass! What are your points?
…you meant similar to 2007?
Man, I can do better than this moron.
I am sorry but the speaker lost all credibility when he compared US GDP to China GDP.
C’mon.
@LeadHammer then people should stop using the term “capitalism” when describing the US system, which is much more in line for corporatism.
Real free market capitalism has done great things, it’s one of the best ways of spreading real wealth.
@LeadHammer tis true
@LeadHammer And I HOPE IT NEVER WILL, You are at odds with human nature on a large scale, country size, if you believe it can work. Maybe in small groups of homogenous people it will work but not on a large scale
i would really like you guys to tackle the US federal reserve system, tim giethner and ben bernanke maybe even hank paulson so ppl know why the US’s economy really collapsed.