Crisis over China?

[trivas7]

With China and the US, two linchpins in the world economy, not playing according to the rules of the game of neoliberalism -- free markets, free trade, and the free flow of capital as the most efficient way to produce the greatest social, political, and economic good -- a crisis is bound to happen. One country is totally geared toward producing and exporting, while the other is content with importing, consuming, and creating more debt. How do you think the next global economic readjustment will take place?

[InTheMatterOfBoots]

We are going to see an increasing move back towards "mercantilist" modes of economic expansion. Don't forget that China (and India) are also developing large middle classes. Consumption is going to make an increasing shift away from the West and towards other markets. The crisis, I believe, will manifest itself in a hyper-competitive mode of capitalism (accelerated by dwindling resources such as oil). National markets will compete more and more for limited resources and this will increasingly push up the prices of basic commodities. We can already see elements of this in the economy today and the makings of regional economic-political blocs that will represent the new international divisions for the global market place.

[shuuk]

Alright china and the u.s well first of all china will most likely destroy u.s economicly. But in order to have the american economy boom the unimployment rate needs to reduce drasticly...people need to be put to work like Hitler and Germany. It worked for them it can work for us.

[Kropotesta]

Alright china and the u.s well first of all china will most likely destroy u.s economicly. But in order to have the american economy boom the unimployment rate needs to reduce drasticly...people need to be put to work like Hitler and Germany. It worked for them it can work for us.
Sorry but are you actually advocating the US to use Nazi tactics? :confused:

[Dimentio]

Sorry but are you actually advocating the US to use Nazi tactics? :confused:

Well, it did use it 1932-1948, during the Great Depression.

[Joe Hill's Ghost]

Well China is about to collapse under its own weight...so I wouldn't worry about them creating an independent economy. The one child policy has screwed up their population bubble. One third of the country is heading into old age within 15 years, and they don't have the people to fill that void. With such a demographic shift workers will demand higher wages and China can't act as a cheap supplier anymore. Plus they're all getting throat cancer and there's not enough energy to fuel their growth.

[trivas7]

Well China is about to collapse under its own weight...so I wouldn't worry about them creating an independent economy. The one child policy has screwed up their population bubble. One third of the country is heading into old age within 15 years, and they don't have the people to fill that void. With such a demographic shift workers will demand higher wages and China can't act as a cheap supplier anymore. Plus they're all getting throat cancer and there's not enough energy to fuel their growth.
So what are the global repercussions of this collapse?

[Joe Hill's Ghost]

So what are the global repercussions of this collapse?

Well the US has been cultivating India as a replacement of sorts for China. So there would be a greater focus on India and perhaps a renewed effort to "stabilize" Africa so that all that poverty and all those natural resources can be used to further neoliberal capitalism. It may be pretty positive elsewhere as Chinese workers will have some leverage and everyone else will get some too.

[piet11111]

Sorry but are you actually advocating the US to use Nazi tactics? :confused:
massive civil engineering projects like the german autobahn system is what he is talking about.