Will China end up owning the World?

[sptrawler]

It is really hard to see, how China won't end up owning everything.

Most manufacturers have relocated their production base to China, the country is completely controlled by the Government, which directly funds all facets of development.
It is difficult to see how they will fail.IMO

In our capitalist system, funding for development generally has to be raised, by tapping the private investors. So it has to be attractive and has to give a return, not so Chinese State owned companies.

The Chinese trade surplus is immense, so they can fund heaps of takeovers, they just have to wait and pounce.

http://www.motoring.com.au/news/201...eg_4=display_outbrain_ron_image-text_content_

Also Volvo are performing well in the motor racing, who would have thought, boring Volvo group A racing?
http://www.bloomberg.com/bw/article...ot-sales-revival-with-return-to-swedish-roots

What happens when they own our mining assets? What do we sell them, when that happens?

It really is getting scary, but there is no obvious way to stop it, they really do have all the cards.

Maybe we can ask the Chinese, how they're going to fund our welfare system.

 

[Gringotts Bank]

It is really hard to see, how China won't end up owning everything.

Most manufacturers have relocated their production base to China, the country is completely controlled by the Government, which directly funds all facets of development.
It is difficult to see how they will fail.IMO

In our capitalist system, funding for development generally has to be raised, by tapping the private investors. So it has to be attractive and has to give a return, not so Chinese State owned companies.

The Chinese trade surplus is immense, so they can fund heaps of takeovers, they just have to wait and pounce.

http://www.motoring.com.au/news/201...eg_4=display_outbrain_ron_image-text_content_

Also Volvo are performing well in the motor racing, who would have thought, boring Volvo group A racing?
http://www.bloomberg.com/bw/article...ot-sales-revival-with-return-to-swedish-roots

What happens when they own our mining assets? What do we sell them, when that happens?

It really is getting scary, but there is no obvious way to stop it, they really do have all the cards.

Maybe we can ask the Chinese, how they're going to fund our welfare system.

I don't think there's any great need to worry. Wealth and power gained through exploitation of the underclass, threats and thought manipulation (propaganda) has a way of tripping itself up. History tells us that much.

The Party, the officials and the military are terrified of two things - 1) exposure of corrupt practices, therefore they require secrecy and 2) losing control, therefore they have to impose harsher penalties and restrictions on information flow and personal freedoms. Secrecy and control tactics create limits to growth and expansion. Cracks will begin to appear at some point. Probably if or when a market collapse happens.

 

[sptrawler]

I don't think there's any great need to worry. Wealth and power gained through exploitation of the underclass, threats and thought manipulation (propaganda) has a way of tripping itself up. History tells us that much.

Thanks for the reassuring words, phew I was really worried.

Great plan, they're bound to stuff it up, because we have

 

[luutzu]

It is really hard to see, how China won't end up owning everything.

Most manufacturers have relocated their production base to China, the country is completely controlled by the Government, which directly funds all facets of development.
It is difficult to see how they will fail.IMO

In our capitalist system, funding for development generally has to be raised, by tapping the private investors. So it has to be attractive and has to give a return, not so Chinese State owned companies.

The Chinese trade surplus is immense, so they can fund heaps of takeovers, they just have to wait and pounce.

http://www.motoring.com.au/news/201...eg_4=display_outbrain_ron_image-text_content_

Also Volvo are performing well in the motor racing, who would have thought, boring Volvo group A racing?
http://www.bloomberg.com/bw/article...ot-sales-revival-with-return-to-swedish-roots

What happens when they own our mining assets? What do we sell them, when that happens?

It really is getting scary, but there is no obvious way to stop it, they really do have all the cards.

Maybe we can ask the Chinese, how they're going to fund our welfare system.

If the US/West and Russia kick off WW3, China can sit back watch the fireworks then swoop in. Then they'll control the world. Otherwise they'll just own most of Asia and the Pacific.

 

[macca]

Long term, any country that requires the population to work to receive benefits will end up more productive hence richer, than a country that gives free benefits to many who have no intention of ever working.

I have noticed a distinct lack of interest in going to Russia or China within the refugees of Europe, they don't even want to stay in safe havens, they insist on Germany or the holy grail the UK.

Eventually, the softness and unsustainable welfare system of the western societies will see the downfall of the west and places like China will fill the void by taking over the leadership of the world simply because they are the richest.

Meanwhile, in the western world we have a recession due to the repayments on our loans from China

 

[Tisme]

If the MTTF/MTBF of their goods is any indication of their economy we should have only a couple of years before we can buy back the farm for cheap.

 

[luutzu]

Long term, any country that requires the population to work to receive benefits will end up more productive hence richer, than a country that gives free benefits to many who have no intention of ever working.

I have noticed a distinct lack of interest in going to Russia or China within the refugees of Europe, they don't even want to stay in safe havens, they insist on Germany or the holy grail the UK.

Eventually, the softness and unsustainable welfare system of the western societies will see the downfall of the west and places like China will fill the void by taking over the leadership of the world simply because they are the richest.

Meanwhile, in the western world we have a recession due to the repayments on our loans from China

per capita, China is not rich. My figures are outdated but weren't long ago when average income in urban areas was $5/day, in rural maybe $1 or $2.

I heard from a few economists that swear the US recovery since GFC is mehhh because of its inequality. That the poor work too much for too little, students owing a bunch of debt, households owing a bunch of debt, a few wars here and there... no demand, companies buying back stocks with their cash instead of investing in R&D or building stuff that employ people etc. etc. Don't hear anything about Mexicans taking jobs away.

Europe has their Austerity don't they? Or their economic crisis all due to refugees?

But yea, let's go be like China so we can rule the world. Go all Jackie Chan and demand our leaders to be tougher on the poor.

 

[Gringotts Bank]

Just watching some of the head honchos in Britain, hosted by the Queen.

Seems like they wanted their own procession of dancing dragons and thousands of ex-pat chinese made to wear "I love china" t-shirts lining the route to the palace. They don't even realize how ****ed up it is to manipulate thousands of people into doing that! It's like something that North Korean dude would do.

Most guests at a function like that would be open and pleasant, but not the Chinese. Body language is very telling. Watch the video on the news - it is incredibly stiff and awkward.

 

[macca]

per capita, China is not rich. My figures are outdated but weren't long ago when average income in urban areas was $5/day, in rural maybe $1 or $2.

I heard from a few economists that swear the US recovery since GFC is mehhh because of its inequality. That the poor work too much for too little, students owing a bunch of debt, households owing a bunch of debt, a few wars here and there... no demand, companies buying back stocks with their cash instead of investing in R&D or building stuff that employ people etc. etc. Don't hear anything about Mexicans taking jobs away.

Europe has their Austerity don't they? Or their economic crisis all due to refugees?

But yea, let's go be like China so we can rule the world. Go all Jackie Chan and demand our leaders to be tougher on the poor.

Nowhere do I mention being tougher on the poor, in fact if the government got rid of some of the bludgers they could raise the tax threshhold and the poor would be better off.

I am taking aim at the fact that many western societies hand out money to people who give nothing in return. There is no reason why a fit, able bodied person should be on the dole for decades and give back nothing to the people who pay him/her.

There are many jobs that could be done by the unemployed that would improve society in general. To have some one on the Disability pension who is 28, strong and robust yet won't do a thing to "give something back" is like a cancer on society.

Not to mention those who collect the dole or DSP yet work cash in hand, why should honest people pay extra taxes to feed these bludgers ? A 15% disability is no reason to sit on your butt for the rest of your life, I know people with 60% mental disabilities and their goal in life is to get a job !!

I agree that per capita China is not the wealthiest country in the world but they sure have a lot of overseas assets and they don't owe other countries money so they can wield a might big stick internationally even if the peasants are battling

 

[Tisme]

I agree that per capita China is not the wealthiest country in the world but they sure have a lot of overseas assets and they don't owe other countries money so they can wield a might big stick internationally even if the peasants are battling

They don't?

 

[luutzu]

Nowhere do I mention being tougher on the poor, in fact if the government got rid of some of the bludgers they could raise the tax threshhold and the poor would be better off.

I am taking aim at the fact that many western societies hand out money to people who give nothing in return. There is no reason why a fit, able bodied person should be on the dole for decades and give back nothing to the people who pay him/her.

There are many jobs that could be done by the unemployed that would improve society in general. To have some one on the Disability pension who is 28, strong and robust yet won't do a thing to "give something back" is like a cancer on society.

Not to mention those who collect the dole or DSP yet work cash in hand, why should honest people pay extra taxes to feed these bludgers ? A 15% disability is no reason to sit on your butt for the rest of your life, I know people with 60% mental disabilities and their goal in life is to get a job !!

I agree that per capita China is not the wealthiest country in the world but they sure have a lot of overseas assets and they don't owe other countries money so they can wield a might big stick internationally even if the peasants are battling

I agree, if they are able-bodied but claim welfare while work for cash and similar scams... then that shouldn't be allowed. And it's not allowed... increase surveilance or other measures if we want but you seem to suggest that refugees and those on the dole or welfare are ruining countries.

Before making claims with big consequences like that, maybe provide facts. How many are on the dole who cheats; how many just refused to look for work when work's aplenty etc. etc.

So yes, I agree that cheats and those who abuse the system shouldn't be tolerated; Yes, we should find ways to not have people so reliance on these safety net... But the solution I'm hearing is we ought to cut it all; or such generosity is what ruin economies and countries like China are getting rich because they have no welfare system.

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Such narratives are false, have no basis in fact, and part of some idiotic neo-con plan to get rid of the few things that make Western democracies the richest and most equitable in the history of the world after WW2 and up to about the 1980s under Reagan and Thatcher.

State assets like QR/Aurizon, CBA, power and utilities, CSL etc. etc... these were taxpayer funded and have been privatised so that we all get rich owning what we already owned and now individually pay through the nose for the priviledge...

Free "trade" agreements, defunded education and training institutes... all did a bang up job for the working class. Then once they're stuffed and in need of some assistance, well it's all their fault the economy is so stuffed... let's sell some more assets and raise consumption tax shall we?


The kind of brainwashing we're being done by is just incredible. Would make the Kim the Third of NKorea wet his pants at such bs.

We're made to believe that an entire sub-continent and all its people are evil and terrorists, then we sit and won't mind so much that their country and people are being splattered all over the place. Then those millions who flee to neighbouring refugee camps, spending years and decade in tents and suffer god knows what... those we don't know and don't care... the few that spill over to "our" sphere we paint as economic migrants, greedy little terrorists who's coming to steal our jobs and ruin our cities and blow us up one day.

Then to our own... those society left behind, who lost hope and just give up... well they're lazy parasites who are either Muslims or Aborigines or some ethnic migrants or if White, then just bogans and druggies... they're all ruin our economy and we're about to be bought off by the Chinese who know how to make their country rich and great by... by?


Got to know when you're being played.

It's a bit short sighted to think that the days of Kings and Lords were the good old days where nations are strong and tough and rich. The future we don't know, the past has been written down though.

 

[SirRumpole]

The number of Australians on welfare payments is increasing with the number of people on Newstart for more than 12 months at its highest level ever.

Figures released by the Department of Social Services (DSS) show that at the end of 2014, 527,318 had been receiving the Newstart Allowance for at least one year, an increase of almost 13 per cent on the previous year.

The total number of people on any kind of Newstart Allowance or Youth Allowance increased 827,039 to 858,373, a jump of 3.8 per cent.

The total number of job seekers increased by 3.6 per cent overall from 406 703 to 421 245.
- See more at: http://www.probonoaustralia.com.au/...ies-newstart-record-high#sthash.hf3clmlW.dpuf

Hard to tell whether this is the result of "bludging" or just a slowing economy, but I think it's only going to get worse if we allow cheap Chinese goods to flood the market and put what's left of our struggling industries on the scrapheap, plus keeping up our migrant intake for totally unjustified reasons imo.

I agree with your statements about selling off public assets like CBA, CSL. I'm afraid the CSIRO is our last remaining public asset of any value and there are hounds baying for that to be sold off too.

 

[macca]

They don't?

Sorry, poorly worded by me, Yes they do owe money but as far as I can see they seem to be heading in a better direction than most western countries.

The latest numbers I can find show they hold almost $4 trillion USD in foreign reserves more than they owe, which is about 20 times more than they had 20 years ago. (but off a very low base)

Incidently, this is 3 times more than any other country, seems to me that if they continue doing what they are doing and western society continues borrowing like it has been, then China will be owed that much money they may never be paid.

Or they seek favourable terms for exports or purchases in other lands, not a good place for the west to be in and it is getting worse by the year, so many countries are running deficits, money has to come from somewhere.

 

[Macquack]

Or they seek favourable terms for exports or purchases in other lands, not a good place for the west to be in and it is getting worse by the year, so many countries are running deficits, money has to come from somewhere.

Money is generally created out of "thin air". Call it "credit creation", "quantitative easing", what ever you like. I am extremely worried about a simple concept, is China expanding their "money supply" faster than we are?

 

[SirRumpole]

Money is generally created out of "thin air". Call it "credit creation", "quantitative easing", what ever you like. I am extremely worried about a simple concept, is China expanding their "money supply" faster than we are?

China manipulates their exchange rates to keep their currency low against competitors and therefore keep their export prices low.

 

[macca]

Hard to tell whether this is the result of "bludging" or just a slowing economy, but I think it's only going to get worse if we allow cheap Chinese goods to flood the market and put what's left of our struggling industries on the scrapheap, plus keeping up our migrant intake for totally unjustified reasons imo.

I agree with your statements about selling off public assets like CBA, CSL. I'm afraid the CSIRO is our last remaining public asset of any value and there are hounds baying for that to be sold off too.

I guess we will never know whether it is right or wrong to sell off public assets, a lot of this goes back to the industries that had very strong unions and they were too successful at getting higher conditions for their members.

Eventually they priced themselves out of the market, eg: The local newspaper reported that here in NSW the power unions had achieved conditions for their workers where labourers were getting $80kpa plus 25% superannuation. The contractors working alongside them were getting $60k and normal super, no one from the union or any employee disagreed with the figures.

It does make it hard to win sympathy from the public when they perceive the workers to be "overpaid" as per the letters to the editor about the power company selloff.

Personally, I think utilities should come from a state owned supplier but corporatised so that it is self funding and run as a business, with people being accountable and pay rates and conditions similar to free enterprise businesses.

I also do not think that Governments should levy the state run utility, if they want to raise more taxes they should do it upfront, not levy the utility then expect to cover it by increasing the cost of power to everyone. Seems to me to be a very poor way to increase govt revenue.

Looking at the sovereign funds around the world one can't help but ask if they can do it why can't we ? We have sold off some great businesses over the years, if we had corporatised them and kept them I do think we would be better off, one thing I don't agree with is the concept of selling half or a third, I don't understand that at all.

 

[Gringotts Bank]

This sort of **** going on in Melbourne infuriates me. I don't live in such a salubrious suburb as Toorak, but the way these Chinese come in and do this is just so goddamn offensive. A magnificent old home levelled. They have no concept of architectural beauty, nor appreciation of nature. You can bet some f-ugly concrete monstronsity will replace it, housed by people who don't have any interest in speaking English or integrating into Aussie culture.

http://www.heraldsun.com.au/realest...k=167f3b762be9f7558a42afb811def7b4-1445423830

How can this do anything but create tension? I wouldn't dream of going to another country and behaving like that (not that I'll ever have $20 mill spare). It's so incredibly crass and insensitive.

 

[luutzu]

This sort of **** going on in Melbourne infuriates me. I don't live in such a salubrious suburb as Toorak, but the way these Chinese come in and do this is just so goddamn offensive. A magnificent old home levelled. They have no concept of beauty, nor appreciation of nature. You can bet some f-ugly concrete monstronsity will replace it, housed by people who don't have any interest in speaking English or integrating into Aussie culture.

http://www.heraldsun.com.au/realest...k=167f3b762be9f7558a42afb811def7b4-1445423830

That's messed up. Doesn't fit with their Feng Shui?

So rest assured, China won't be taking over the world with these kind of idiots and their fathers running the place.

 

[SirRumpole]

I have relatives living in Balwyn VIC, and the number of drab but palatial painted masonry edifices in that area occupied usually by ONE Chinese student driving a Mercedes is astounding.

One guy built a six car underground carpark under his house. It's taking the price of property outside the realm of the average Aussie and destrying the character of the area.

 

[sptrawler]

I have relatives living in Balwyn VIC, and the number of drab but palatial painted masonry edifices in that area occupied usually by ONE Chinese student driving a Mercedes is astounding.

One guy built a six car underground carpark under his house. It's taking the price of property outside the realm of the average Aussie and destrying the character of the area.

Your relatives, will probably end up working for the Chinese kid driving the Merc, just give it time.

We wanted great wages, we purchased cheap overseas goods, we brought about our own demise.

Greed is good, untill it becomes the cancer that destroys the dream.

The Chinese, probably due to a Government that has complete control, is escalating their industrialisation at an astonishing rate.

They really do seem to be controlling the expansion of their economy well, there are massive apartment buildings in clusters, some say they are random I think they are planned.
If China moves from small farming villages to broad acre farming, the high density accomodation makes sense.