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If China becomes a superpower will it change economics?

  • 24-05-2009 11:23am
    #1
    Affable
    Closed Accounts Posts: 1,212 ✭✭✭


    People have been forced to accept the USA as the best economic system more than they should because of it's size and pre-eminence. It's internal market is perhaps a factor. If China becomes a superpower will that lend more communist economics credibility, or will it not change the accepted wisdom of economists?


Comments

  • #2
    ionix5891
    Closed Accounts Posts: 1,033 ✭✭✭ionix5891


    lets get a few things straight

    * China is not communist, they are more capitalist than us, except they have few guys (a cartel called the party) in control (heh like FF and their developer budies), on local level its fairly democratic with elections for local councils

    * the balance of power already shifted from west to east

    * communist economics? wtf, once again they are mercantilist capitalists, there's nothing communistic about china anymore, except a name



    it seems people here in Ireland like the OP haven't woken up yet and smelled the noodles


  • #3
    Oafley Jones
    Registered Users, Registered Users 2 Posts: 6,519 ✭✭✭Oafley Jones


    Affable wrote: »
    People have been forced to accept the USA as the best economic system more than they should because of it's size and pre-eminence. It's internal market is perhaps a factor. If China becomes a superpower will that lend more communist economics credibility, or will it not change the accepted wisdom of economists?


    Becomes?!? Also, these 'communists' own a significant portion of America's debt.


  • #4
    Joey the lips
    Registered Users, Registered Users 2 Posts: 10,262 ✭✭✭✭Joey the lips


    Oafley Jones wrote: »
    Becomes?!? Also, these 'communists' own a significant portion of America's debt.


    I agree and if you think its communism that runs china just ask any buyer of the power of the euro! China is communist but it trades in capitalism


  • #5
    ejmaztec
    Registered Users, Registered Users 2 Posts: 24,229 ✭✭✭✭ejmaztec


    Give it a few more years and the Chinese will have bought the entire planet and still have a huge wad left over. God help us all.:eek:


  • #6
    ionix5891
    Closed Accounts Posts: 1,033 ✭✭✭ionix5891


    ejmaztec wrote: »
    Give it a few more years and the Chinese will have bought the entire planet and still have a huge wad left over. God help us all.:eek:

    god? :p


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  • #7
    ejmaztec
    Registered Users, Registered Users 2 Posts: 24,229 ✭✭✭✭ejmaztec


    ionix5891 wrote: »
    god? :p

    The other omnipotent beings got screwed in the downturn.:(


  • #8
    KINGVictor
    Registered Users, Registered Users 2 Posts: 1,184 ✭✭✭KINGVictor


    The world would get over it and adjust accordingly...just like we did after the Roman and British empires... not that I personally see America going down that easy..Its a bit more complex now.


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