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<blockquote data-quote="snej" data-source="post: 815371" data-attributes="member: 13307"><p>Den eviga kinadiskussionen... </p><p></p><p>Vettigt inlägg av khyber pass på tgr ang detta : </p><p>"As for all the comments on China, I couldn't agree more about problems with human rights and a dismal environment record. Much the same, unfortunately, could be said for the United States, but moreover, could be said of any Western country during the centuries of industrial toil, circa the 18th through mid 20th centuries. Like the West, it is the economic advance of China, however, which has empowered factory workers to strike across the country over the past two years, as they pursue a proper working wage. And the irony is, the bloated US consumer will probably refuse to pay the HIGHER PRICES that fair wages will bring.</p><p></p><p>So get used to paying higher prices. As China moves away from bottom-of-the-barrel production, the rest of us in the West will have to start paying closer for the true cost of production. This will force some kind of crisis in the West, as China owns massive reserves in the US dollar, which the US needs to keep its struggling currency afloat, while China requires American consumers to buy its output. China is attempting to built its consumer class to the point where it can buy its own products, but this will not happen in time before the US consumer market heads into decline (which it already has, as of the credit crunch and subsequent depression beginning with the subprime housing collapse in 2007). Just this past week, China raised its interest rates. So be prepared for some interesting times. And while you're at it, get out and fucking ski already."</p><p></p><p>osv</p></blockquote><p></p>
[QUOTE="snej, post: 815371, member: 13307"] Den eviga kinadiskussionen... Vettigt inlägg av khyber pass på tgr ang detta : "As for all the comments on China, I couldn't agree more about problems with human rights and a dismal environment record. Much the same, unfortunately, could be said for the United States, but moreover, could be said of any Western country during the centuries of industrial toil, circa the 18th through mid 20th centuries. Like the West, it is the economic advance of China, however, which has empowered factory workers to strike across the country over the past two years, as they pursue a proper working wage. And the irony is, the bloated US consumer will probably refuse to pay the HIGHER PRICES that fair wages will bring. So get used to paying higher prices. As China moves away from bottom-of-the-barrel production, the rest of us in the West will have to start paying closer for the true cost of production. This will force some kind of crisis in the West, as China owns massive reserves in the US dollar, which the US needs to keep its struggling currency afloat, while China requires American consumers to buy its output. China is attempting to built its consumer class to the point where it can buy its own products, but this will not happen in time before the US consumer market heads into decline (which it already has, as of the credit crunch and subsequent depression beginning with the subprime housing collapse in 2007). Just this past week, China raised its interest rates. So be prepared for some interesting times. And while you're at it, get out and fucking ski already." osv [/QUOTE]
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