China’s Economy Slows Sharply

Post by mc32 » Sat, Dec 15, 2018, 12:42 AM UTC

henrikschroder wrote: post #117

vkou wrote: post #109

Earlier quoted context omitted.

I'm talking about all the other 'unfair' trade practices that have been cited. If you don't want the developing world to follow in the West's footsteps, perhaps we should share some of our wealth with them? Would that be a more palpable alternative? Earlier today, a study was posted on HN about how the British Empire plundered ~$50T (inflation-adjusted) of wealth from India over it's colonial history. If you want to…

> If you don't want the developing world to follow in the West's footsteps, perhaps we should share some of our wealth with them? We are, it's called the global economy, and it has performed a wealth transfer of unprecedented scale these last decades. > we have a lot of reparations to look forward to. Colonial reparations are complete crock, because they are based on counterfactual history speculations, and there are…

Post by dingoegret » Sat, Dec 15, 2018, 12:46 AM UTC

mruniverse wrote: post #112

HumanDrivenDev wrote: post #110

Earlier quoted context omitted.

The US also had slavery. Are you under the impression that China didn't?

I was and I stand corrected. I was trying to address the idea that since the US did bad things in the past, it's ok for other nations to do them too.

Post by henrikschroder » Sat, Dec 15, 2018, 1:06 AM UTC

mc32 wrote: post #121

henrikschroder wrote: post #117

Earlier quoted context omitted.

> If you don't want the developing world to follow in the West's footsteps, perhaps we should share some of our wealth with them? We are, it's called the global economy, and it has performed a wealth transfer of unprecedented scale these last decades. > we have a lot of reparations to look forward to. Colonial reparations are complete crock, because they are based on counterfactual history speculations, and there are…

Arguably, had the Romans not invaded and expanded, much of the Mediterranean and the rest of Europe would have remained 'barbarian' for quite a while. They arguably brought civilization with them into the far-reaches of Europe (obviously at a great toll to the local populations)..

Post by sokoloff » Sat, Dec 15, 2018, 1:12 AM UTC

tanilama wrote: post #74

malloryerik wrote: post #66

Earlier quoted context omitted.

Rebalancing the domestic economy toward greater household income is necessary to provide sustained growth in China, and that's what Michael Pettis argues in your link to his blog. Make no mistake though, the national and Party leadership is deathly afraid of low growth and it is exactly what they seek to avoid. The leadership knows they must create domestic consumer demand and that this must happen through an increas…

Then they shouldn't hype up the real estate price so much, it is draining the domestic consumers dry.

Post by RhodesianHunter » Sat, Dec 15, 2018, 1:22 AM UTC

anoncoward111 wrote: post #111

triviatise wrote: post #31

Earlier quoted context omitted.

There are multiple levels of unemployment U1-U6, they go from the most liberal to the most conservative view unemployment. Ultimately the absolute number doesnt matter that much, it is the trends. The "official" number is the U3, but if you prefer to use the U6 you can. No one is lying about unemployment. U1:[47] Percentage of labor force unemployed 15 weeks or longer. U2: Percentage of labor force who lost jobs or c…

Did you not read my comment? I explicitly mentioned that there are multiple forms of unemployment statistics measures by Labor, and that workforce participation statistic is most accurate. Yet, you will never ever hear these stats on TV or from Trump. It is solely just screaming about "RECORD LOW UNEMPLOYMENT", when it is anything but a healthy employment situation.