Quote (jtf @ Apr 1 2017 06:38pm)

that's because you don't understand things

Quote (IMCL85 @ Apr 1 2017 05:16pm)

my mother land china just release next fiscal year plans for investment and grow. its gonna be a 65 trillion rmb(9 trillion dollars) investment target for 2017-2018, the plan was mainly driven the government/private sector/foreign investment. but mainly government because u know its china, over the past decade it has been steadily increase from 13 trillions a year in 2007 to now 65. basically u r looking at 5 trillion per year increase. at this point its now 80% of the gdp of the country being driven mainly by government spending/investment program, at this rate it wouldn't be long before 100% will be driven by government. this kind of debt driven economy model is now every where in the world, grow is a must and in order to grow u have to take on new debt. but the power/efficiency of each bucks u spend r gonna decrease in effect each time u use such mechanism, but theres no real alternative. as its now tie to stability for china. 7 million college/university grads come out to looking for job every year. if theres no grow then they all become huge stability issue to society, else where in the world also face similar issue.

Quote (IMCL85 @ Apr 1 2017 06:48pm)

maybe you should explain then, consider most of ur fellow country man is actually using our product because at ur level of productivity and ur level of income its actually not competitive against us. but what does it matter, the machine will replace us all eventually so much for productivity. try creativity, thats more like it.

Quote (jtf @ Apr 1 2017 07:32pm)

Well what the hell do you want to know? Productivity is money generated per unit of time worked. Americans (in total) generate like $45k per person per year while chinamen generate like $8k per person per year. As in chinese people are more or less worthless compared with americans. You should be mad about it but there's nothing you can do about it. Random hillbillys in america generate way more money than the smartest people in china.

Quote (Santara @ Apr 1 2017 07:11pm)

At some point, servicing debt becomes unsustainable. Before that happens, debt payments will crowd out productive uses for that money. The world is due for a rude awakening, and no amount of John Maynard Keynes will fix it.

Quote (IMCL85 @ Apr 1 2017 07:39pm)

money generated per unit of time worked is base on what product u r making, for example if u make a aircraft engine from GE. ur productivity will be off the fucking chart, because that product worth shit load. same for a chinese factory worker making some plastic crap they sold in wal mart, so how productive r they? those worth nothing. productivity is no mean how to measure ur work force. its more of a sub standard how innovative/creative ur country r in general in terms of shit ur making that other ppl will buy in xxx price. specially in a globalized world, where supply chain was established.

Quote (Skinned @ Apr 7 2017 08:20pm)

The US economy reliably expands then contracts roughly every 10-12 years, data shows, since the discovery of macroeconomics and its application to improving our everyday lives. No more crashes like 29' since the state started playing a central role in the economy, powers it always had but didn't use, often resulting in depressions that were bottomless. Sometimes we get it wrong, sometimes we get it right, but we've gotten better over the years as our knowledge expanded and that is a plus and better than the laissez-faire clusterfuck that existed before things like central banking and fiat currency.