Will you accept Chinese economic hegemony?

[Bill]

While the USA will prob remain the dominant military power (we spend as much as everyone else combined) well into the Chinese century, our economy, depending on how you look @ it has already been eclipsed..



What Is Purchasing Power Parity – PPP?

One popular macroeconomic analysis metric to compare economic productivity and standards of living between countries is purchasing power parity (PPP). PPP is an economic theory that compares different countries' currencies through a "basket of goods" approach.

According to this concept, two currencies are in equilibrium—known as the currencies being at par—when a basket of goods is priced the same in both countries, taking into account the exchange rates.
Key Takeaways

Purchasing power parity (PPP) is a popular metric used by macroeconomic analysts.
PPP compares economic productivity and standards of living between countries.
Some countries adjust their gross domestic product (GDP) figures to reflect PPP (Small vid @ source).

China vs US – Comparing GDP PPP

If we compare GDP on a Purchasing Power Parity (PPP) basis, China a bigger economy than the US. China GDP PPP took over that of the US during 2014.

China GDP PPP reached $18.3 trillion in 2014, whereas US GDP PPP was $17.5 trillion at that time. IMF forecasts that the China GDP PPP will reach $29.7 trillion by 2020.

China vs US - GDP PPP comparison

[Jack]

Yeah. The USA is the 'dominant military power'. If we have to fight WW2 again, we will kick everybody's asses.
Space and Cyber Warfare is probably the 'next' War.

"China Will Soon Be Able to Destroy Every Satellite in Space"
https://nationalinterest.org/blog/bu...te-space-27182

I think your next question depends on if the US wants to engage in a joint alliance between Corporations and the Government, like the Chinese do in promoting their national corporate enterprises.
Think of the Russians and Sputnik. In response, the Americans formed NASA, a joint Government/Corporate entity.
In the 'Technology Race', the Chinese are winning because their government is totally on board with their national corporations. Any chance the US Government will team with Silicon Valley?
Or ... would that be 'socialism'.

[Gonzomin]

Not that simple. Their economy is ours. Our corporations moved there lock, stock and intellectual property for short term profits, They loved cheap unprotected labor and no environmental regulations. http://www.jiesworld.com/internation...s_in_china.htm
Our ownership class and execs moved to China giving away all the manufacturing systems and knowledge we gained over the last century.

[Jack]

Not that simple. Their economy is ours. Our corporations moved there lock, stock and intellectual property for short term profits, They loved cheap unprotected labor and no environmental regulations. http://www.jiesworld.com/internation...s_in_china.htm
Our ownership class and execs moved to China giving away all the manufacturing systems and knowledge we gained over the last century.

I agree. Coca-Cola, Levis, and all the rest, sold their Souls to gain a Market of one billion consumers. GREAT for the Shareholding Class, not so great for the American Working Class.
We're in a Global economy, there is no turning back.

In my opinion, we need to make a Decision on which 'system' is going to be viable in the Future. A strictly 'Private Enterprise' system (current American), or a 'State/Corporate Enterprise' system (current Chinese).

On a personal bias, I would hate for the US to be reliant on Chinese Technology in the Future.

[Bill]

Not that simple. Their economy is ours. Our corporations moved there lock, stock and intellectual property for short term profits, They loved cheap unprotected labor and no environmental regulations. http://www.jiesworld.com/internation...s_in_china.htm
Our ownership class and execs moved to China giving away all the manufacturing systems and knowledge we gained over the last century.

So that means you are, or are not willing to accept our lowered status, essentially the end of Pax AMericana & US domination of the world economy?

[Jack]

Is there a choice?

[Truth Detector]

China's economic growth is built on the backs of the exploitation of their citizens and the environment. It continues because unlike Trump, Obama did NOTHING.

So you are FOR Trumps policy to force nations engaging in monetary manipulations and protectionist trade policies, to end them and treat us fairly?

[evince]

I agree. Coca-Cola, Levis, and all the rest, sold their Souls to gain a Market of one billion consumers. GREAT for the Shareholding Class, not so great for the American Working Class.
We're in a Global economy, there is no turning back.

In my opinion, we need to make a Decision on which 'system' is going to be viable in the Future. A strictly 'Private Enterprise' system (current American), or a 'State/Corporate Enterprise' system (current Chinese).

On a personal bias, I would hate for the US to be reliant on Chinese Technology in the Future.

it cant last


when you clamp down on individuals you kill creativity


without the free flow of knowledge to all the people innovation dies


only a free nation can create


Its why America soared like it did once created


NO religion to control it


no monarch to control it


no oppressive government to control it


they need us to be able to rise


they DEPEND on stealing information from the west to progress


all we have to do is take back our nation from this russsian plant


adopt the correct fettering on this capitalism that benefits from that free flow of knowledge and its economic value to them

and TAX them correctly for this service freedom provides them



TAX AND REGULATE


and watch the balance return


the republican party needs to die


very shortly a NEW party will emerge


we make sure it doesn't get corporate BOUGHT


and we can watch the return of what the founders planned


Parties that try to OUTCOMPETE each other by having a better idea


parties actually bent on bettering the peoples lives with better ideas

[Jack]

China's economic growth is built on the backs of the exploitation of their citizens and the environment. It continues because unlike Trump, Obama did NOTHING.

So you are FOR Trumps policy to force nations engaging in monetary manipulations and protectionist trade policies, to end them and treat us fairly?

TD: "China's economic growth is built on the backs of the exploitation of their citizens and the environment."
Jack: Yes. And?

TD: "It continues because unlike Trump, Obama did NOTHING."
Jack: Will you continued deep analysis include Hillary?

TD: "So you are FOR Trumps policy to force nations engaging in monetary manipulations and protectionist trade policies, to end them and treat us fairly?"
Jack: I think that was what the WTO was suppose to do.

I think a stumbling block might be the State/Corporate Enterprises in China that are outcompeting our Corporate Enterprises in the US. I don't think China is going to give up that relationship.

[Jack]

it cant last


when you clamp down on individuals you kill creativity


without the free flow of knowledge to all the people innovation dies


only a free nation can create


Its why America soared like it did once created


NO religion to control it


no monarch to control it


no oppressive government to control it


they need us to be able to rise


they DEPEND on stealing information from the west to progress


all we have to do is take back our nation from this russsian plant


adopt the correct fettering on this capitalism that benefits from that free flow of knowledge and its economic value to them

and TAX them correctly for this service freedom provides them



TAX AND REGULATE


and watch the balance return


the republican party needs to die


very shortly a NEW party will emerge


we make sure it doesn't get corporate BOUGHT


and we can watch the return of what the founders planned


Parties that try to OUTCOMPETE each other by having a better idea


parties actually bent on bettering the peoples lives with better ideas

They seem to be winning the 'Technology War'. (which will determine the Future)

[evince]

ONLY UNTIL THE NEXT BETTER IDEAS COME ALONG

[Truth Detector]

I think a stumbling block might be the State/Corporate Enterprises in China that are outcompeting our Corporate Enterprises in the US. I don't think China is going to give up that relationship.

I wish you would learn how to reply/quotes you dunce.

China cannot compete in a fair and open market. They cannot allow their citizens to participate without complete control from the State.

China must manipulate their currency in order to prop up their economy. China must exploit their citizens in order to prop up their economy. China must allow the exploitation of their environment without environmental restrictions in order to prop up their economy.

Comparing China's GDP to Americas is stupid because they are like apples and oranges.

Over time, the Chinese will find it more difficult to exploit their citizens and the environment and that will impact their growth.

[Truth Detector]

They seem to be winning the 'Technology War'. (which will determine the Future)

They are STEALING it. When Trump ends that, they will continue to LOSE that war. Stealing technology is not winning. It is theft of intellectual property which China also exploits.

[Jack]

I wish you would learn how to reply/quotes you dunce.

China cannot compete in a fair and open market. They cannot allow their citizens to participate without complete control from the State.

China must manipulate their currency in order to prop up their economy. China must exploit their citizens in order to prop up their economy. China must allow the exploitation of their environment without environmental restrictions in order to prop up their economy.

Comparing China's GDP to Americas is stupid because they are like apples and oranges.

Over time, the Chinese will find it more difficult to exploit their citizens and the environment and that will impact their growth.

Yeah. Maybe by that time, THEY will be the Global Powerhouse?

[Jack]

They are STEALING it. When Trump ends that, they will continue to LOSE that war. Stealing technology is not winning. It is theft of intellectual property which China also exploits.

Yeah. I think it all started with the Silkworm thing.