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China intimidates Australia (Read 2333 times)
freediver
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Re: China intimidates Australia
Reply #60 - May 18th, 2024 at 3:21pm
 
thegreatdivide wrote on May 18th, 2024 at 2:43pm:
freediver wrote on May 18th, 2024 at 8:51am:
Why is it such a bad thing if the Chinese government subsidises our electricity for us?


Very perspicacious of you.

So much so - I'm guessing you are being sarcastic....


No. I actually think we should take advantage of it. Let the Chinese peasants work for 50c a day making solar panels and EVs for us. It won't last forever. Unless the CCP does another great leap forward.
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Re: China intimidates Australia
Reply #61 - May 18th, 2024 at 4:28pm
 
freediver wrote on May 18th, 2024 at 3:21pm:
thegreatdivide wrote on May 18th, 2024 at 2:43pm:
freediver wrote on May 18th, 2024 at 8:51am:
Why is it such a bad thing if the Chinese government subsidises our electricity for us?


Very perspicacious of you.

So much so - I'm guessing you are being sarcastic....


No. I actually think we should take advantage of it. Let the Chinese peasants work for 50c a day making solar panels and EVs for us. It won't last forever. Unless the CCP does another great leap forward.


The small question of employment for our own people remains - see Frank's posts #54 and #56. 

Actually the productive capacity of China is now so huge, the government can subsidize consumption by low income groups, creating the world's largest virtual middle class of over a billion people in China. The government  just haven't woken up yet how to use that vast productive capacity for China's benefit, now that the West is complaining about competition from Chinese exports.


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freediver
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Re: China intimidates Australia
Reply #62 - May 18th, 2024 at 8:42pm
 
thegreatdivide wrote on May 18th, 2024 at 4:28pm:
Actually the productive capacity of China is now so huge, the government can subsidize consumption by low income groups,


Are you hoping they will get as fat as the Americans? This is just the sort of thinking that will drag them back to the Mao era. You can already see it happening.
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thegreatdivide
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Re: China intimidates Australia
Reply #63 - May 19th, 2024 at 12:18pm
 
freediver wrote on May 18th, 2024 at 8:42pm:
thegreatdivide wrote on May 18th, 2024 at 4:28pm:
Actually the productive capacity of China is now so huge, the government can subsidize consumption by low income groups,


Are you hoping they will get as fat as the Americans? This is just the sort of thinking that will drag them back to the Mao era. You can already see it happening.


Good point.  By consumption   I mean healthy consumption from the point of view of both the public and private sectors, including provision of services and infrastructure which improves peoples' lives.

eg subsidized rents: China can build - has built -  as many good housing units as required to house everyone, including low income groups,  but the private sector has stuffed up because people can't afford to buy the houses built in the private-sector 'housing as investment' scheme for private wealth creation by rent-seekers - hence Evergrande's collapse. 

 
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freediver
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Re: China intimidates Australia
Reply #64 - May 19th, 2024 at 1:43pm
 
thegreatdivide wrote on May 19th, 2024 at 12:18pm:
freediver wrote on May 18th, 2024 at 8:42pm:
thegreatdivide wrote on May 18th, 2024 at 4:28pm:
Actually the productive capacity of China is now so huge, the government can subsidize consumption by low income groups,


Are you hoping they will get as fat as the Americans? This is just the sort of thinking that will drag them back to the Mao era. You can already see it happening.


Good point.  By consumption   I mean healthy consumption from the point of view of both the public and private sectors, including provision of services and infrastructure which improves peoples' lives.

eg subsidized rents: China can build - has built -  as many good housing units as required to house everyone, including low income groups,  but the private sector has stuffed up because people can't afford to buy the houses built in the private-sector 'housing as investment' scheme for private wealth creation by rent-seekers - hence Evergrande's collapse.  


Ah. Subsidise healthy consumption. Is there any aspect of people's lives the CCP doesn't want to control?

From what I heard the CCP built way too many, though not necessarily of "good" quality. They have dozens of ghost cities. Brand new cities with no-one in them. The CCP is trying to do to the housing industry what they did to the farming industry during the Great Chinese Famine. It is mind boggling how the CCP is allowed to repeat the same moronic mistakes over and over again.

But just keep parroting their propaganda for them. Just ignore those empty cities, ignore the tens of millions of dead people, but if a private company collapses and investors lose money, it proves the failure of capitalism.
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thegreatdivide
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Re: China intimidates Australia
Reply #65 - May 19th, 2024 at 2:41pm
 
freediver wrote on May 19th, 2024 at 1:43pm:
thegreatdivide wrote on May 19th, 2024 at 12:18pm:
freediver wrote on May 18th, 2024 at 8:42pm:
thegreatdivide wrote on May 18th, 2024 at 4:28pm:
Actually the productive capacity of China is now so huge, the government can subsidize consumption by low income groups,


Are you hoping they will get as fat as the Americans? This is just the sort of thinking that will drag them back to the Mao era. You can already see it happening.


Good point.  By consumption   I mean healthy consumption from the point of view of both the public and private sectors, including provision of services and infrastructure which improves peoples' lives.

eg subsidized rents: China can build - has built -  as many good housing units as required to house everyone, including low income groups,  but the private sector has stuffed up because people can't afford to buy the houses built in the private-sector 'housing as investment' scheme for private wealth creation by rent-seekers - hence Evergrande's collapse.  


Ah. Subsidise healthy consumption. Is there any aspect of people's lives the CCP doesn't want to control?
 

Haha- see how the ideologically blind FD turns quality consumption - to eliminate poverty - to "control" by the CCP; it's actually my presciption for sustainable prosperity, though the CCP is taking small steps in this direction.

Quote:
From what I heard the CCP built way too many, though not necessarily of "good" quality. They have dozens of ghost cities. Brand new cities with no-one in them. The CCP is trying to do to the housing industry what they did to the farming industry during the Great Chinese Famine. It is mind boggling how the CCP is allowed to repeat the same moronic mistakes over and over again.


What you heard is wrong. The private sector built more houses than could be bought by the public, in a 'housing for investment' frenzy. 

Fortunately, some local governments are now buying these unsold houses, to let for affordable rents.

Quote:
But just keep parroting their propaganda for them. Just ignore those empty cities, ignore the tens of millions of dead people, but if a private company collapses and investors lose money, it proves the failure of capitalism.


Corrected above ; the free market is subject to failure.    Affordability of housing for low income groups is the problem.
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