Comments on: Should We Be Worried About China’s Growth? http://www.nakedcapitalism.com/2008/02/should-we-be-worried-about-chinas.html Mon, 23 Nov 2009 05:03:06 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/02/should-we-be-worried-about-chinas.html#comment-35283 Anonymous Fri, 06 Feb 2009 06:02:00 +0000 http://www.nakedcapitalism.com/2008/02/should-we-be-worried-about-chinas-growth/#comment-35283 At its very heart, protectionism is anti-poor. This sad fact needs to be understood by all those wealthy pundits who loudly proclaim that jacking up the prices paid by scores of millions of people will pay for itself by creating or protecting the jobs of a few thousand.<br/><br/>.<br/><br/>Get with it: America comprises 100% consumer, among whom 3% (9.2 mn production workers out of 305.7 mn population) actually make manufactured products. At its very heart, protectionism is anti-poor. This sad fact needs to be understood by all those wealthy pundits who loudly proclaim that jacking up the prices paid by scores of millions of people will pay for itself by creating or protecting the jobs of a few thousand.

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Get with it: America comprises 100% consumer, among whom 3% (9.2 mn production workers out of 305.7 mn population) actually make manufactured products.

]]> By: Maoist http://www.nakedcapitalism.com/2008/02/should-we-be-worried-about-chinas.html#comment-3715 Maoist Tue, 05 Feb 2008 15:11:00 +0000 http://www.nakedcapitalism.com/2008/02/should-we-be-worried-about-chinas-growth/#comment-3715 inequality in China will cause another revolution by pure communists. before that, you guys have to face huge strikes, riots, and sabotages. be prepared. inequality in China will cause another revolution by pure communists. before that, you guys have to face huge strikes, riots, and sabotages. be prepared.

]]> By: s http://www.nakedcapitalism.com/2008/02/should-we-be-worried-about-chinas.html#comment-3714 s Tue, 05 Feb 2008 14:12:00 +0000 http://www.nakedcapitalism.com/2008/02/should-we-be-worried-about-chinas-growth/#comment-3714 brad sester had a great chart up debunking the myth that the internal amrket is riving China's growth. it is their trade balance globally that has accelerated which is underlying the growth. This is cause for worry especially since the tide is turning against there authoritarian mercantilism rapidly. If the US enters a recession - a certainty - the backlash against the wage arbitrage trade will face its sternest challenge yet. Already there are serious academics publishing on the fallacy of the "free" trade crowd. The pendulum isswinging in all directions at the moment brad sester had a great chart up debunking the myth that the internal amrket is riving China’s growth. it is their trade balance globally that has accelerated which is underlying the growth. This is cause for worry especially since the tide is turning against there authoritarian mercantilism rapidly. If the US enters a recession – a certainty – the backlash against the wage arbitrage trade will face its sternest challenge yet. Already there are serious academics publishing on the fallacy of the “free” trade crowd. The pendulum isswinging in all directions at the moment

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