>>> The US is still the most dynamic economy in the world, given that it is >>> still the most free market economy.
>> The above statement only works when you provide the numbers. For example, >> the numbers that compares the >> dynamics of the economy of China v/s that of the USSA. With out the numbers, >> your contention is pure sentiment. --------------------------------------------------------------------------------------------------------------------------------- Marlon wrote: > Two points: > 1) A nation's long term standard of living is determined by technological > innovation. Around 70% of the world's venture > funding still goes to the US. In the two emerging fields of clean energy and >bio tech, I expect an onslaught of innovation > to be unleashed in the US in the next few years. > 2) The Communist party of China cannot be considered to be a reliable source > of statistics. Its over reliance on exports > (specially to the US), its now imploding real estate bubble, its party > controlled banking sector as well as its obvious > political risks suggest to me that China has even worse problems ahead. All > nations have their problems - the difference > is that the US being an active democracy means that its problems are more > easily identifiable and addressed. Marlon, The request was for numbers. I live in a world where numbers are everything, and sentiment is not worth a penny. In simple terms, it is much easier to understand a salesman who informs you that your investment will make 4% annually verses a salesman who tells you, "I will make you lots of money." WRT your two points: 1) The Chinese have and are marketing an electric car that is far more advanced than anything the US has to offer. This is just the beginning of inovation that will surely come out of China. Here is the link to the NPR program. http://www.npr.org/templates/story/story.php?storyId=99286134 2) When you report false numbers in China, the Govt takes you outside and shoots you. When you report false numbers in the USSA, the govt gives you a bonus, prints money to pay the bonus and then passes legislation to tax 90% of the bonus. The final part of this process is for the USSA govt to appoint managers to run the companies that have fantasy profits/losses. In this regard, it feel that the Chinese method promotes far more fiscal responsibility than the USSA's 'democratic' method. Mervyn1650Lobo __________________________________________________________________ Looking for the perfect gift? Give the gift of Flickr! http://www.flickr.com/gift/
