Global Economic Intersection - Opinion Blog - Latest comments on Loop Theory - Capitalism vs. Socialism

Louis [Visitor] in response to: Loop Theory - Capitalism vs. Socialism

Louis [Visitor] — Tue, 06 Sep 2011 16:06:33 +0000

What is being skipped in this discussion of China is the level of interdependence between China and the US. They are both completely dependent on each other, not just the US on China, as commonly portrayed.

What if corporations actually opened factories in North America again? What if import duties were imposed? What if the dollar depreciates against the Yuan, and the price of everything in WalMart goes up? China is depleting its resources, Canada meanwhile is still largely unexplored (minerally).

Education has made the population dumber in North America, it is no accident. In China education amounts to teaching how to memorize unbelievable amounts of information.

Timothy Gawne [Visitor] in response to: Loop Theory - Capitalism vs. Socialism

Timothy Gawne [Visitor] — Fri, 02 Sep 2011 04:07:21 +0000

umm.... this is weird.

America "socialist"? What are you smoking? Our current government is moving to kill social security benefits, but keep the regressive taxes on labor, and send the money to Wall Street insiders. This is NOT "socialism". Crony capitalism, corruption, piracy, sure, but not "socialism". You have been made the mistake of most Americans of believing that the labels given to actions by the corporate press actually correspond to reality..

And Europe moving more deeply into socialism? Are you insane? The Europe that is raising taxes on working people, cutting taxes on finance, killing social benefits, and throwing countless trillions of dollars at corrupt central bankers, is moving more deeply into socialism? In your dreams.

Frank Li [Visitor] in response to: Loop Theory - Capitalism vs. Socialism

Frank Li [Visitor] — Tue, 30 Aug 2011 11:32:09 +0000

To me, fascism means invading a foreign country by force, such as WWI, WWII, the Iraq war. It's an act, not a system. Typically it comes from a dictatorship (e.g. Hitler), but recently it came from a democracy (e.g. the U.S. in Iraq).

Malcolm McLaren [Visitor] in response to: Loop Theory - Capitalism vs. Socialism

Malcolm McLaren [Visitor] — Mon, 29 Aug 2011 20:39:54 +0000

How do you factor in Fascism ?

Frank Li [Visitor] in response to: Loop Theory - Capitalism vs. Socialism

Frank Li [Visitor] — Sun, 28 Aug 2011 21:21:39 +0000

> now foreign companies are trying to do R&D in China
No, the Chinese demanded it.

> keep the intellectual property in their foreign hands,
IP is a tricky thing. While we all must respect the law, imagine this: What if the Chinese had patented paper and fire powder 2k years ago (good for 5k years), and the West had to pay the Chinese for every piece of paper and every bullet it uses???

Julio Spinelli [Visitor] in response to: Loop Theory - Capitalism vs. Socialism

Julio Spinelli [Visitor] — Sun, 28 Aug 2011 17:22:02 +0000

I would add, that the Chinese machinery though inefficient has all the momentum of an unstoppable beast. While in the West every company is on its own and there are not unified strategies for success, everything is coherent and unified in China, or if it is not, it is quickly made that way. For instance, now foreign companies are trying to do R&D in China and keep the intellectual property in their foreign hands, China has not discovered how to stop them yet, but they will be stopped and to their surprise. The reason is simple, China will not allow their hard earned degree of technical proficiency to be used by foreigners to secure rights to new technological developments made in their land and by their people. Mark my words.