why so much of the world is in the poor house?
Posted in the China Forum
#1 Nov 1, 2013
The US design the financial system to benefit itself only by the exploitation of third world countries( Petro dollar system). Its reserve currency allow it to sustain decades of trade deficit. Borrowing at 0 % from developing countries, and lending back to them at a higher interest. At the same time, importing savings, and creating intellectual property rules that benefit itself. Now, the US have no one to blame, but KARMA for its shit economy.
#2 Nov 2, 2013
Yes, communist losers need to blame the USA for everything on account of communism's illegitimate and inherently weak and unstable nature. We know.
Yes, China is still horribly, horribly poor with hundreds of millions living in poverty.
But Taiwan is free and rich.
Just think how rich the Chinese mainland would be if it were not plagued by incompetent, corrupt, and often insane Chinese Communist Party mismanagement!
#3 Nov 2, 2013
I am talking about neoliberal policy of the US since 1970. Because of it, much of the world are stuck in second gear. It is also the reason why there is no economic covergence.
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