The capitalist system has not failed. There is still too much government intervention. Having any government trying to find ways to save a company is like using the the Postal Service instead of FedEx. Same goes with future of health care...you want the post office type people giving you your health care? BO plans to do that.
China makes junk for us to buy because we contract with them to make stuff as cheap as possible. If we design and monitor better the products we wish to sell and as accept the cost will be more. Then China can make good stuff too. Japan went through this. Look at them today.
The Chinese and the PRC has been good partner so far. Our companies and theirs have had good working relationship. We need to build on that. Not tear it down.
I head: Center of International Understanding. It is small & poor group that is interested in sifting over the facts to make sense of world events. The WB has some good research. China has been presented with internal opportunities because of problems in world markets. How it spends its pile of cash will decide its future. Not just China Govt.. but for its people.
China Cracks the Aircraft Market [View article]
China makes junk for us to buy because we contract with them to make stuff as cheap as possible. If we design and monitor better the products we wish to sell and as accept the cost will be more. Then China can make good stuff too. Japan went through this. Look at them today.
The Chinese and the PRC has been good partner so far. Our companies and theirs have had good working relationship. We need to build on that. Not tear it down.
A Must-Read Report on China [View article]