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December 10, 2004

Comments

jj

about a year ago, when I warned about exactly this happening on this very same website, I was dismissed as being a gloom and doom naysayer. (I think it was Jim who couldn't resort to proper arguments and had to call me names.) I guess I was wrong, then....

Maryann

IBM and Nokia are both selling off parts of their manufacturing to China. Not in the traditional sense where they simply use the cheap labour, but actually selling the businesses to the Chinese, who want to start developing their portfolio to include their own China-based manufacturing concerns. The FT are now predicting (provided the economy doesn't grow too fast and overheat) that China will surpass everybody else in GDP by 2050. If I'm not mistaken I think their military spending is on par with the US, and we all know they have a bigger population than Europe and the US combined. I also read an interesting article recently about how the Chinese government was scooping up trade deals all over the place in Southeast Asia that the US is missing because the Bush administration is so obsessed with terrorism they don't try to engage with any of these countries. Time to start learning Mandarin?

jj

Actually, Maryann, chinese military spending is nowhere near to be being on par with us. We spend over $440B/year on the military (not including Iraq!!!) and the chinese spend only $63B last year. But China is modernizing its military, cutting down the size and bringing them up-to-date technologically. The recent chinses space missions weren't done for scientific purposes, they were done so that China doesn't fall anymore behind the US Space Force (yes, it exists, it is just not very publicized.)
But yes, the 21st Century belongs to China, no doubts about it. There is little Rumsfeld and Cheney can do to stop it and they know that. It is for this reason that they are so desperate to get in control of Iraq's oil fields (and those of the former Soviet republics such as Khazakistan).
And yes, in fact, I am learning Mandarin right now! It is the future of global business and I won't be left out.

jj

btw, the Chinese expect that, assuming continuing growth of their economy, they will be on par with our military in 2 decades.

There is an interesting little sidenote to this. I don't believe the Chinese are much of a military threat, however. The one-child policy which China had instituted in the early 80's has had the effect of Chinese children being the most spoiled and loved kids in the world. Nobody there wants to send their only chld to war so unless they are really threatened, I don't think China is as much of a threat as we think they are. Besides, the pro-war attitude of the US population is a much bigger threat to world peace than anything the chinese would be willing to muster up.

Jeff

JJ, as a resident of Asia, I wouldn't say that the one child policy results in spoiled children here anymore than back home. The parents not only shower their love and attention on that one child, but also put tremendous pressure on him to do better in school, after all, he's their one hope. So the strain is incredible... you have kids competing to get into elementary school. And I'm also being politically correct by saying "he" because this kid is going to have an awful time finding any girls to marry.

Back to the dollar, pretty cool article on fuzzy math. I'm glad to be earning the currency of a country that doesn't debase itself at every turn...

https://www.msnbc.msn.com/id/6724252/site/newsweek/site/newsweek/

Even more important fuzzy math... providing benefit to get votes now, screwing our kids later.

https://www.msnbc.msn.com/id/6724319/site/newsweek/

Jane M. Kelley

Found this site today; am searching for a place to emigrate to for at least the next four years of Bush. Not a rich American, my income is social security today with a small investment and an apartment I can rent for additional income.

I'm a retired nurse and addictions counselor who has done extensive research into nutrition and allied fields and could do some work in this area.

I welcome any advice on relocation to any place in Europe. I really don't want to go to the Far East, thanks.

Jane
casa.kelley@juno.com

rodi

jane:

If you are serious, may I suggest Canada. My wife is a Registerd Nurse; I left the San Francisco Bay Area in 2001 for Calgary. Alberta has the best paid and best educated nurses in the country. Pay for those with experience like you have will warrant from $35 to $40 an hour.

Even with the best union, the average age of nurses is 51 and there's a huge nursing crisis here, just as in the US

Immigranting as a nurse on a NAFTA visa would be very easy because there remains a desperate need for nurses. (As a spouse of a Canadian nurse I was granted immigrant status in 6 weeks, practically a new world's record)

Any work you'd be willing to do in the Calgary Health Region would be very generously received. I' sure you could work casual, part-time, contract or full time.

Here's the website for mor information:
https://www.calgaryhealthregion.ca/employment/workingwyou.htm

Bob Mobino

I don’t about you guys, but I am losing thousands of $$$ per transaction.Any expert remarks about the RISE of the dollar? I’d appreciate any remarks about the previously almighty USD!

Jim

This is all awesome news above!!! ;-)

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I don't believe the Chinese are much of a military threat, however. The one-child policy which China had instituted in the early 80's has had the effect of Chinese children being the most spoiled and loved kids in the world.

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It was affected during the recession. But i guess now looks getting back in shape.

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