Simple. Take it out of your pocket, buy junk food or recreational drugs, and replace the cash with an IOU.
Know the difference between an alcoholic and a drug addict? An alcoholic will borrow your last ten bucks and spend it on booze. A drug addict will borrow your last ten bucks, spend it on drugs, and help you look for it. ;-)
You're full of shit. The death toll in Japan after WWII has always been known and has always been correct. It was 200,000 direct casualties, and the numbers after have also been compiled and reported on.
The days of missing information from history books (missing not lies)were gone long ago, and your memories of YOUR schooling are certainly not valid in the modern US Elementary classroom.
That's the portion they hold in US treasuries. They divested roughly
10% last year. (I'm not sure what they've done since.)
It's quite a lot compared to the federal gov't's ~$2.2 trillion in annual income. If they (China, Japan, UK...) asked for it back, we couldn't pay it.
That's the SS "trust fund." They spent the money and gave IOUs in return. That means they promise to pay it back in the future. How? With taxes. Where do they get those taxes? From you.
So, they've promised to a) make you pay yourself back (in the future) to b) pay for c) them giving your SS (retirement savings) to other people. Or something like that.
It's brilliant. The more we each pay ourselves the richer we'll be, and we can pay ourselves interest.
They can't foreclose--they'd just lose their investment. OTOH we can't frighten them on that account, since we still need more and more of their money.
So, all those nations that have began to be automobile manufacturers (when they were not previously), and all their commercials for their cars on MY TV channels have nothing to do with "it working well"? It has certainly worked quite well for just about every player I can think of that ever entered the game. Thailand makes IC chips and hard drives, which we all use. Even though we don't see their commercials, we certainly use their products. Looks like free enterprise and capitalism works to me. Just as described.
Except that their entry into the realm is a cheat.
Communists are NOT allowed to play on the world economic market because of their modus operandi.
They spew guns into the world, and pirated CDs DVDs and IC chips too.
They need to operate under the same rules and govern the same way to claim winning the same game.
We will, as usual, wait again to be smitten before we respond.
As it stands, all your numbers are skewed because those nations among us that do not cheat pay HUGE costs back into our nation, and we do it without operating as a communist regime.
This "It's all good" mentality is pretty goddamned lame. China owes the whole world a big debt (CASH) for letting them be players in OUR world.
The problem with central control is that nobody, especially economists, knows how economies actually work, or how to steer them. The best management is permissive chaos, where ideas and industries are allowed to breed and flourish whichever way they can, with only basic government controls.
probably the best economic model is the Fascist/National Socialist one, which is what China is applying. Ruthless competition directed towards nationalist goals. So they have a form of rabid Capitalism which the government makes sure does not harm national interests. No Chinese "multinationals" outsourcing R&D etc
--
Dirk
http://www.neopax.com/technomage/ - My new book - Magick and Technology
I think you are missing the point. Thailand - like China - is in the comfortable position of knowing how a high technology manufacturing economy can be put together, and they have a government which is dedicated to encouraging the growth of such an economy. The free market is allowed to determine which bits grow fastest, but if anything was missing or if something looked like it was turning into a monopoly, there's a certain amount of intervention, of a kind that would not meet with John Larkin's approval.
They don't seem to need to steal it - they just offer to manufacture the intellectual property more cheaply than anyone in Europe or the US.
There doesn't seem to be any evidence of that. They don't pay high wages - when compared with US and the richer European employers - but they don't seem to need to compel anybody to work in factories, rather than on farms.
The do spread most of the wealth domestically, but there's enough left over to buy US Treasury notes.
Crammed into dorms may be a better deal than the parental farm house. I'm sure that there are suicides, as there are everywhere, but there doesn't seem to be evidence of any large number of them. Getting beat up if you complain used to be something that the Pinkertons did - the US has progressed to more subtle and apparently more effective forms of union bashing since trade unions don't seem to be doing too well in the US at the moment. Presumably this is one of the technologies that the Chinses are still in the prcess of mastering.
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