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#11
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12-04-2014, 05:03 PM
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 puelling pueman Poster Rank:171 m Join Date: Apr 2010 Posts: 8,912 Mentioned: 21 Post(s) Quoted: 2948 Post(s)
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Re: US Now Second Largest Economy in World.
most of europe too.....but fuck it....why pay some english guy or american guy 10 times as much?... even in the jewellery industry it's tough to compete... their work is good, it's made quickly, the gems are the same gems we use and they have good customer care in place... luckily for us in the luxury goods sector people are still prepared to pay over the odds for exclusive handmade pieces... |
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#12
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12-04-2014, 05:31 PM
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 My Rank: MAJOR Poster Rank:95 Join Date: Jan 2010 Posts: 16,772 Mentioned: 261 Post(s) Quoted: 8276 Post(s)
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Re: US Now Second Largest Economy in World.
The pollution aspect has nothing to do with per person. It has to do with factories being allowed to create pollution. American companies have very strict regulations that put strict limits on the pollution they produce. China doesn't have no where near the regulation, which makes it much easier and cheaper for a Chinese company to operate. Many of the Chinese manufacturers would be fined enormous amounts and even shut down if they were on American soil. I'd have to disagree that Chinese products are as well made. They are generally made as cheap as humanly possible. Not everything, but a good deal of it. |
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#14
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12-04-2014, 06:39 PM
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 Fiscally Irresponsible Poster Rank:103 Male Join Date: Dec 2009 Posts: 15,944
Contributions: 1
Mentioned: 49 Post(s) Quoted: 6753 Post(s)
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Re: US Now Second Largest Economy in World.
Hell ya, It's like England back during the Industrial Revolution (so-called) and America a little later on. China would be crazy to agree to stop fossil fuels. They (nor any developing country) can begin to compete with the US witout it. But, of course, Obama agreed to cut our fossil fuel usage and China said "Great idea! You go do that!" and agreed to cut their fossil fuel usage in ... never.  |
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#15
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12-04-2014, 07:48 PM
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 ★ Legacy Member ★ Poster Rank:100 Join Date: May 2009 Posts: 16,280 Mentioned: 62 Post(s) Quoted: 8638 Post(s)
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Re: US Now Second Largest Economy in World.
Take free trade out of the picture, and china loses it's biggest trading partner. The trade deficit in July with China was 31 billion dollars...... That's one month. The overall deficit in July was 67 billion. So almost half the manufacturing deficit was with China. It's in part because China made smart moves, but we allowed the greedy few to ruin the masses here. |
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#17
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12-04-2014, 08:37 PM
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| My Rank: MAJOR Poster Rank:95 Join Date: Jan 2010 Posts: 16,772 Mentioned: 261 Post(s) Quoted: 8276 Post(s)
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Re: US Now Second Largest Economy in World.
I've read that China's economy could be as much as 20% larger than reported. Which is hidden in China's black market. The largest black market in the world. I know a guy who rebuilt his Honda R1 with Chinese parts. Nothing fit right, but it all said Yamaha on it.  |
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#18
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12-04-2014, 09:08 PM
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 My Rank: MAJOR Poster Rank:185 Join Date: Jan 2014 Posts: 8,103 Mentioned: 18 Post(s) Quoted: 4490 Post(s)
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Re: US Now Second Largest Economy in World.
The black market doesn't count as a countries economic output , but that makes no difference when the actual numbers they are reporting are not real.  |
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#19
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12-04-2014, 09:39 PM
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| My Rank: MAJOR Poster Rank:95 Join Date: Jan 2010 Posts: 16,772 Mentioned: 261 Post(s) Quoted: 8276 Post(s)
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Re: US Now Second Largest Economy in World.
Obviously it doesn't "get" counted. But it most certainly counts.  Remember my story about my friend and his R1? That's real money being sent to China to a distributor, that bough the product from a manufacturer, that bought the material from another distributor. This happens millions of times a year across China bringing billions of dollars to that country. So how is that not part of their economy? It brings money, it supplies jobs. It's no different than Mexico or Columbia. They don't count drug trafficking as part of their economies. But it certainly is a part of it. It brings truck loads of cash to their countries and gives thousands jobs. |
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#20
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12-04-2014, 10:19 PM
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| My Rank: MAJOR Poster Rank:185 Join Date: Jan 2014 Posts: 8,103 Mentioned: 18 Post(s) Quoted: 4490 Post(s)
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Re: US Now Second Largest Economy in World.
It's not a part of their economy because it's all illegal money and the jobs it brings turns people into criminals. You don't count that as contributing to the value and wealth of a society, it's actually the opposite. Where did you get your figures for the Chinese Black market value? But none of that has anything to do with China fudging their numbers to make them appear better. Their economy isn't actually larger than ours, anyone can fake the books.. |
