Why China Works

I think it has more to do with the fact that most Chinese families save 30% of their income, while most US families spend 4% more than what they make each year. Capitalism requires savings, not massive debt.

This is truly freightening. The scariest thing is the average "American Idol" American will believe all this anti-capitalist bilge and continue giving up thier freedom until the troops knock on the door asking for any and all weapons. We're doomed.

I am truly freightened. The scariest thing about all this is the average "American Idol" American will go right along with all this Obama hysteria and call for state run everything until the troops arrive at their front door asking for any and all weapons. This is crazy!

WTF. I don't believe what I just read. This is mainstream and NWO media at it's finest. You sheeple that listen to and believe this crap will soon be licking the boots of your slavemasters. I'll go feet first before I fall in line for this type of total change in America. We have seen what a rousing success government controlled Freddie and Fanny have been. Get out of my face with your BS.

Saudi not rich coz per capita GDP is only $19,000? lets see how rich your average GI Joe is. US per capita GDP is US$45,725, however per capita external debt is $42,343 making each GI Joe and his minions worth US$3,382. Now that is rich....

Why wouldn,t China show big increase in 2009,that,s where all of the American jobs are going!

I doubt poor chinese peasents will migrate to Korea, Japan, or Taiwan. Korea is actually a quite poor country that normal citizens seldomly buy fruits because they are too expensive. At least in China, fruits and vegetables are affordable. Japan invaded China 100 years ago, a lot of Chinese haven't got over it. Taiwan is simply too hostile. At the end of the day, Japan, Korea, and Taiwan look nicer and better at this time because they are tiny compared to China. It's easy to polish up a pebble than a piece of giant land.

DrewCAENG: I'll have you know I'm insecure like a fox! Also, you are wrong about the differences in perception. The REAL difference in perception between west and east is aspect ratio.

DrewCAENG: I'll have you know I'm insecure like a fox! Also, you are wrong about differences in perception. The REAL difference in perception between east and west is aspect ratio.

Its far too early to predict China. Can this system make 1.2 billion in China happy and prosperous? I always considered China as " Sugar Coated Communist Regime". China might look good outside but inside still communist regime. For example, how about millions of Chinese out of work, millions of Chinese who are homeless. Next 50 years i'm afraid poor Chinese peasants would migrate to Korea, Japan, Taiwan, and Southeast Asia.

bbobychen what the f* are you talking about? I was discussing the differences in perceptions between west and east and why people in the west sometimes dont understand the methodology behind eastern policy. Wow you got really offended over nothing, are you a little insecure?

Everything starts from learning. That's what china has done most succesfully in last 30 years either from itself or from others, especially developed countries, like USA. If they don't stop learning they will keep growing.
This is what this article learnt. The problem is that the west tended to teach people instead of learning long ago. If this doesn't change, talking change and hoping raise are useless. The only way to those object to learn is to lose. That's it. Very simple.

DrewCAENG is right guys. How dare those poor and mentally stupid Chinese peasants allow themselves to be taken advantage of by their brutal facist-communist-capitalist-insert adjective- overlords? I guess in their borderline-retarded ignorance, your average Joe Chinaman just don't know any better. They are better off starving on the streets than work for pay in a factory making fake plastic dog vomit for free-loving Americans to enjoy. Better yet, they should be planning a revolution to overthrow their government, which obviously failed to eliminate poverty in a developing nation of 1.3 billion people because they are not magical genies. Peasant revolutions have worked so well for China in the past.

Very interesting and in-depth analysis. Keep up the good work. Thanks!
Big mouth

Talon and KW9751 sounds like you are both arguing against a case I did not make, maybe just for the sake of arguing, its easy when your on the internet isnt it? First of all Saudi Arabia is not rich by western standards unemployment is 13% but many economists beleive it to be higher (around 25%) and GDP per capita is only $19,000 - so there goes that argument. Now, I never said democracy was what led to this trend, it was a combination of industrialization, yes some exploitation of colonies and probably political factors as well as natural resources and alliances during key wars. And we are talking about today's economy not 200 years ago. Now if you think democracy came after wealth you are 100% wrong but no doubt that wealth helped ensure lasting democracy in those countries. There are also many cultural aspects that can account for western wealth, such as more emphasis on money and possessions and lack of a suffocating religous lifestyles. This, like I said before all comes down to western perceptions so try reading what I wrote instead of just picking random arguments.

DrewCAENG: "The rich countries tend to all work the same way with Japan as a convert being the center peice. Not that it is right, but history has formed these perceptions and it tends to be true (so far)."

I don't believe democracy led directly to western countries becoming richer. Democracy came about as people became more affluent and demanded more say in their country's affairs. It's more accurate to say that Western countries became rich due to a combination of exploiting their colonies (mercantilism) and industrialization.

Part of the problem with the West is that they believe in the strictly rigid one size fits all solution. What works in China does not necessary mean it will work elsewhere. Other factors such as the social environments, standard of living(the leisure time to think) and educational standards etc etc do count a lot and should be taken into account. Let me give one example: in a poor developing country the most important thing in the mind of a poor peasant is whether there is a meal on the plate today.. But the West is instead imparting the virtue of democracy & freedom. I don;t know whether to laugh or to cry. Wouldn't a good and caring government be more relevant in this case? Have any of you in the West ever lived in a poor developing country and I mean live among the poor for a long time? And if you had, have you met one that has time to think and be engrossed in politics(unless,of course, he's a rent-a-mob associate)? In short, what works in one place may not necessary work in another. It all depends on the social factors of the place concerned. Being extreme & rigid in your thinkings is what put many off the West in the developing countries. No system is ever perfect. Being pragmatic in your own situation and enviironment is what works.