Why China Isnt Happening Yet


I have found it interesting to read about Chinese tube amps for a fraction of the price of US, how China is taking over the world etc.

A colleague of mine in the trading and investment business is actually thinking that the prosperity of the US is over forever, Medicaid/Medicare and our pension system are bankrupt, interest rates are going up, the housing market is going to collapse and one day Americans will figure out that there is more than one currency in the world.

At that point, the US will experience flight capital for the first time, and then we are really in big trouble.

Now some of this worries me, but I thought is was interesting that of the 6 or so, bargain priced, obviously knocked off in China, toys that were given to my baby boy for Christmas....

NONE of them worked properly?!?!

The robot? He wouldnt wind up, didnt walk, and sparks failed to fly from his mask.

The magic sliding coin tray? Also didnt work, and was so cheesily made that the mechanism was obvious.

Radio controlled car? Had a range of about 10 feet -- no fun at all.

Now none of this excuses the problems we may have here in America, but FYI I am less likely to buy a tube amp from China in the New Year.

Cheers.

cwlondon
cwlondon

Showing 1 response by theduke

China is a "communist" country in name only!

In reality, China is a right-wing "facist" dictatorship much like Hitler's Germany and Mussolini"s Italy.

Like Germany and Italy, China is now a corporate state (a term coined by Mussolini). The fianicial interests of business and the political goals of government essentially merge at the expense and influence of the common citizen.

Under the current administration, the USA is heading down the same road. The Wall Sreet crowd submits its wish list to the President and Congress. By and large, they get what they want. We get higher Medicaid/Medicare premiums, fewer student loans, less child care subsides to pay for the military-industrial complex and its policy of continuous war. Viet Nam morphs into a Reganesque spending frenzy. The hoped for "peace dividend" when the communist system colapses never materializes; instead, we get a so-called "war on terrorism" that seeks to redraw the geo-political map to the interests of business.

We can spend hundred of billions of dollars on a war but somehow it's not in our national interests to see that every American has medical coverage.

"What can a poor boy do..." says Jagger/Richard. I don't know. I guess I'll go into my listening room and turn up the volume to drown out the surrounding madness.