[ExI] Savings and wealth

[Stathis Papaioannou]

2009/5/31 spike <spike66 at att.net>:
>
>
>> ...On Behalf Of Stathis Papaioannou
>>...The Chinese are savers and
>> invest a lot of those savings in manufacturing, but they are
>> in trouble when their largest markets stop buying. That is
>> why the Chinese Government is trying to stimulate domestic
>> consumption... Stathis Papaioannou
>
>
> Ja!  This is what gives me a great deal of hope for the west.  China and
> India have a couple billion people between them who live well below western
> standards.  Given television, specifically ours, Dallas reruns and such,
> they will soon become wildly materialistic, throw out any remaining commies
> from their government, and do all the stuff we did for the past thirty
> years.

Where do you get the relationship between a desire to be wealthier and
voting against socialist policies? If poor people were content to
remain poor, they wouldn't care how unfairly their country's resources
were distributed.

> Then instead of utter ruin, the west can crank up our factories
> again, to sell them a bunch of stuff, make a ton of money, throw out any
> remaining commies in our government.  We have gotten a snooty attitude that
> there is something wrong with factory work, an attitude that factories are
> something the Chinese do.  We may wake up and decide that factory work is a
> terrific job, far superior to the alternatives.  Bringing India and China up
> to western standards will have a lot of consequences, such as making Keith's
> power sat notions suddenly look very attractive.  If that gets done, I
> wouldn't be surprised if China does it.

The commies have always been extremely proud of actual physical work
that produces stuff. That's where the hammer and sickle comes from.


-- 
Stathis Papaioannou