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Thread: China's Emergence as a Superpower (till 2014)

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    Council Member Dayuhan's Avatar
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    Quote Originally Posted by Fuchs View Post
    It's such a non-controversial thing usually that I merely had to do a quick google search to come up with an examples study:
    http://www.ncbi.nlm.nih.gov/pubmed/2732771
    Nothing there indicating a "vast majority". If "This excess of disabilities then stayed relatively constant at approximately 17 per 100 persons from 5 to 10 years after the shut-down", wouldn't subsidizing that excess of 17 per 100 through retirement be cheaper than subsidizing the entire factory ad infinitum?

    Quote Originally Posted by Fuchs View Post
    Companies which fall behind in productivity/competitiveness are much more likely to do so because of a lack of capital investment or because of management errors.
    Labor cost and regulatory burden don't enter into it at all? Do you really think any level of capital investment and management expertise could have kept, say, the US textile industry competitive?

    Subsidies in developed also have a negative global impact, posing a serious obstacle to countries that are trying to develop viable industries

    This thread needs to get back to China...
    Last edited by Dayuhan; 06-22-2012 at 10:45 PM.
    “The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary”

    H.L. Mencken

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