Comments on: Factory Closings and Unrest in China http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china.html Mon, 23 Nov 2009 09:23:14 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Hillary http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china.html#comment-25761 Hillary Fri, 14 Nov 2008 22:11:00 +0000 http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china/#comment-25761 Bob in MA - YOY is more accurate because exports from Asia to the US are highly seasonal. There's a drop off after Christmas with a gradual ramp-up that peaks in September for goods transported via ocean and October or November for goods transported by air. The two week-long holidays in China (one in January, one in August) also virtually eliminate exports for those weeks. Bob in MA – YOY is more accurate because exports from Asia to the US are highly seasonal. There’s a drop off after Christmas with a gradual ramp-up that peaks in September for goods transported via ocean and October or November for goods transported by air. The two week-long holidays in China (one in January, one in August) also virtually eliminate exports for those weeks.

]]> By: mxq http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china.html#comment-25757 mxq Fri, 14 Nov 2008 20:52:00 +0000 http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china/#comment-25757 <a HREF="http://www.chinastakes.com/rss.ashx" REL="nofollow">China's Mining Companies Struggling in Downturn</a><br/><br/>“The capital market is dead. This is the worst moment for mining companies,” declared Ned Goodman, executive partner of Canada-based Dundee Bank.” China’s Mining Companies Struggling in Downturn

“The capital market is dead. This is the worst moment for mining companies,” declared Ned Goodman, executive partner of Canada-based Dundee Bank.”

]]> By: Anonymous http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china.html#comment-25753 Anonymous Fri, 14 Nov 2008 19:49:00 +0000 http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china/#comment-25753 Interesting amount of ignorance about China in this thread.<br/><br/>Oh well.<br/><br/>"The social problems arising from the slowdown have stirred anxiety in the top leadership of the Communist Party, whose legitimacy is based on maintaining economic growth."<br/><br/>This must be the first time anyone has said that a Communist governments legitimacy is based on the Western ideal of maintaining economic growth. <br/><br/>Apparently the view of communism has changed a lot in the last few years. Used to be they were the evil dictators who didn't care what happened to the people, now they worry about economic growth. <br/><br/>My, how things do change.<br/><br/>zak822 Interesting amount of ignorance about China in this thread.

Oh well.

“The social problems arising from the slowdown have stirred anxiety in the top leadership of the Communist Party, whose legitimacy is based on maintaining economic growth.”

This must be the first time anyone has said that a Communist governments legitimacy is based on the Western ideal of maintaining economic growth.

Apparently the view of communism has changed a lot in the last few years. Used to be they were the evil dictators who didn’t care what happened to the people, now they worry about economic growth.

My, how things do change.

zak822

]]> By: luther http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china.html#comment-25750 luther Fri, 14 Nov 2008 19:26:00 +0000 http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china/#comment-25750 an appropriate article given the threadline:<br/><br/>http://www.smallisbeautiful.org/buddhist_economics/english.html<br/><br/>(courtesy of BrowardHome over @ CR)<br/><br/>see lee, there could be much more to buddhism than navelgazing. an appropriate article given the threadline:

http://www.smallisbeautiful.org/buddhist_economics/english.html

(courtesy of BrowardHome over @ CR)

see lee, there could be much more to buddhism than navelgazing.

]]> By: Sanchit http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china.html#comment-25733 Sanchit Fri, 14 Nov 2008 16:42:00 +0000 http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china/#comment-25733 Lee: <br/><br/>Two things I'd like to clarify in your assumptions: <br/><br/>1) The destruction of Buddhism (or reduction in importance) is more a political phenomenon than a rejection of its principles. Civilizations largely followed (or were forced to follow) the religion embraced by their rulers. <br/><br/>2) You equate meditation with yoga. They are two completely different things. And yes, meditation predates Buddhism, but that does not make it any less significant that the benefits of meditation form the central tenets of Buddhism. Lee:

Two things I’d like to clarify in your assumptions:

1) The destruction of Buddhism (or reduction in importance) is more a political phenomenon than a rejection of its principles. Civilizations largely followed (or were forced to follow) the religion embraced by their rulers.

2) You equate meditation with yoga. They are two completely different things. And yes, meditation predates Buddhism, but that does not make it any less significant that the benefits of meditation form the central tenets of Buddhism.

]]> By: Bob_in_MA http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china.html#comment-25731 Bob_in_MA Fri, 14 Nov 2008 16:24:00 +0000 http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china/#comment-25731 "The export sector is still growing but has slowed considerably; year-on-year growth was at 9 percent in October compared with 26 percent in September 2007, Mr. Kroeber said."<br/><br/>Why are month-to-month changes never mentioned in regards to Chinese statistics? Exports are FALLING. Did they fall to August's level? July's? <br/><br/>The only figure ever given is yoy change. “The export sector is still growing but has slowed considerably; year-on-year growth was at 9 percent in October compared with 26 percent in September 2007, Mr. Kroeber said.”

Why are month-to-month changes never mentioned in regards to Chinese statistics? Exports are FALLING. Did they fall to August’s level? July’s?

The only figure ever given is yoy change.

]]> By: AAI http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china.html#comment-25729 AAI Fri, 14 Nov 2008 15:41:00 +0000 http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china/#comment-25729 There are many long-run positives in this article for economists looking for a gradual re-balancing of "global imbalances." Many sources of increased China domestic market consumption (workers learning their rights, China's fiscal stimulus, workers moving to less export-intensive industries such as agriculture, government probably seeing increasing pressure to boost social programs to prevent mass protests), and decreased export-driven growth (plunging export trade, quickly shuttering capacity that was feeding exports). There are many long-run positives in this article for economists looking for a gradual re-balancing of “global imbalances.” Many sources of increased China domestic market consumption (workers learning their rights, China’s fiscal stimulus, workers moving to less export-intensive industries such as agriculture, government probably seeing increasing pressure to boost social programs to prevent mass protests), and decreased export-driven growth (plunging export trade, quickly shuttering capacity that was feeding exports).

]]> By: Anonymous http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china.html#comment-25726 Anonymous Fri, 14 Nov 2008 15:13:00 +0000 http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china/#comment-25726 oh and adding to the above comment. Lee:<br/><br/>western notions of "progress" are highly lopsided, and neither beneficial to the overall well being of humans or larger environment. Wait for the next fifty years and see how the end game of this global industrial economy plays out as it tackles problems such as climate change, resource constraints, high environmental degradation. oh and adding to the above comment. Lee:

western notions of “progress” are highly lopsided, and neither beneficial to the overall well being of humans or larger environment. Wait for the next fifty years and see how the end game of this global industrial economy plays out as it tackles problems such as climate change, resource constraints, high environmental degradation.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china.html#comment-25725 Anonymous Fri, 14 Nov 2008 15:05:00 +0000 http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china/#comment-25725 civilization has destroyed most peaceful cultures that came in its way. Not many are left by now .. and Tibetan culture is next in line. Only cultures which have somehow made a compromise and accepted civilizational values of agression, over consumption, war on nature etc, have survived. But civilization will ultimately eat itself unless it transforms itself.<br/><br/>Nobody can destroy Buddhism. Buddhism talks about Eternal Truths. Nobody can destroy truth. civilizational lifestyles and values which are unsustainable will die out. The core Truths that Buddhism teaches will prevail ultimately. civilization has destroyed most peaceful cultures that came in its way. Not many are left by now .. and Tibetan culture is next in line. Only cultures which have somehow made a compromise and accepted civilizational values of agression, over consumption, war on nature etc, have survived. But civilization will ultimately eat itself unless it transforms itself.

Nobody can destroy Buddhism. Buddhism talks about Eternal Truths. Nobody can destroy truth. civilizational lifestyles and values which are unsustainable will die out. The core Truths that Buddhism teaches will prevail ultimately.

]]> By: Lee http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china.html#comment-25714 Lee Fri, 14 Nov 2008 11:56:00 +0000 http://www.nakedcapitalism.com/2008/11/factory-closings-and-unrest-in-china/#comment-25714 Thomas j<br/><br/>No you are confusing Yoga with Buddhism...practice of Yoga pre-date Buddhism...the ;Do Not;s; also pre-date Buddhism...Buddhism teaches looking inward rather than outward...unfortunateoy, the real world is outside. Thomas j

No you are confusing Yoga with Buddhism…practice of Yoga pre-date Buddhism…the ;Do Not;s; also pre-date Buddhism…Buddhism teaches looking inward rather than outward…unfortunateoy, the real world is outside.

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