Do you realize how BAD the US Economy really IS right now compared to Asia?

Question

A friend travels the world selling hospital products. He told me that the Asian economies are BOOMING! So gee, great - more bad news. Now some schools are REQUIRING that kids learn Chinese. Comments?

RIGHT JW! That Master's Degree I got in Classical Music didn't involve picking up a book. The Asian economies are doing better, and in our current situation ,(1+L)(1+P)-1 isn't going to do a d am n thing to put food on the plates of people who are hungry right here, right now. Nor can they wait around for (1+L)(1+P)-1 to have it's marvelous equalizing effect.
You're a fool in an ivory tower.

Homer, WHERE are the America Towns in Bejieng?

Answer 1

I wonder what the problem here in the US could be. Load this page and scroll down half way. Sorta gives a good clue...

http://members.aol.com/freedog1000/

Answer 2

Accepting a problem is half the battle won. The reason why the US economy is (very) bad at the moment is that they've become stagnant. No innovativeness. They think they can sell the same 'ole stuff in new packing. They think Asians are fools. Well we're not.

One of the main reason why Asia is what it is today is coz of the WILL TO SUCCEED & a KILLER INSTINCT, which the US has clearly LOST. Monopoly can never be permanent. For years, India has been called a poor country who lack everything. Chinese have been termed as being unable to even put a potato into space. And look what they've done?

They've lead to the self proclaimed KING OF THE WORLD to run around invading countries for oil, going on war coz of their insecurity when it comes to nuclear technology, opposing every single thing that India & China does outta fear that they'll take its "rightful" place and expressing regret at India & China not "buying" defence equipments from them.

Americans are surely facing problems making ends meet and they are somewer to blame for this. HARD WORK and INTELLIGENCE, my friends are lacking. US elect the same leaders and stay laid-back for the next 5 yrs. On the other hand, people in Asia have realised that they need to get the work done and they see to it that its done. Asians have the WILL TO SUCCEED while the US thinks that they can still be the "Dominators" of this world and dominate every1 in this world. Standard of Living is not a parameter to define a country. If you can talk abt Standard of Living, we can talk abt Family Life. Just how many Americans have a gud family life, eh? Every 2nd day, some1 divorces some1, has children wid them, have children wid others, illtreat their parents, look towards woment just with an intention of sex rather than respect and so on....

The very fact is (being thoroughly truthful), US shall be broke some yrs from today. And India or China is gonna take its place.

Answer 3

It is so sad that people like you are so myopic. Speed of growth isn't everything & economies can't grow at breakneck speed forever.

The US has the highest standard of living (save for one or two european countries), one of the lowest unemployment rates in the world, the highest (or maybe second) per capital GDP, almost the highest income per capita, the most advanced healthcare, the largest R&D spending, the best universities (the US is one of the largest net exporters of exucation services), stability, secure property rights, the deepest capital markets, & I could go on & on & on.

If you had taken a macro econ class or at the very least picked up a book, then you would know that when an economy matures, it can only grow as fast as its population & productivity.

Asian countries such as China, India, Singapore, etc. are growing like they are because they are gradually freeing their economies & reaping the benefits of reversing policies that retarded their economic growth.

Once this "free" growth has been exhausted, all countries will grow at exactly the rate (1+L)(1+P)-1.

MY REPLY TO YOUR ATTACK
Master's in classical music, eh? no wonder you are poor & bitter.

If you want to get into a Pi**ing contest with education, I have 4 master's & am half way through a Ph.D. As for being in my ivory tower, I also have 10 years in the "real world".

Now, back to my original answer. You missed my point entirely. Asian economies are growing faster, they are not better. The US ranks higher on everything that I mentioned & more, but because the US economy is mature & isn't starting from an *** backward place (politically & economically) we can't match their growth. It is true that my work is based in mathematics & theory, which means that there is a scientific rigor to it. never the less, the comparisons, to which you are oblivious, are VERY real.

While the economic pie is larger in a capitalistic economy, no one ever said that it had to be evenly distributed. When people are compensated based on their effort & how the market values their talents, then of course there will be winners & losers. If you want equality, the move to Europe & frolic with the other socialists and enjoy high taxes, higher unemplyment, fewer choices, & longer lines. The rest of us have work to do!

Response to attack #2:
Like my new nome de plume? HS's sublte genius is more fitting.
RE your question: What?????????????
Is there a point embedded in there that only you can see?

PS What schools have a chinese language requirement? Name names so that we can verify.

Another point that you missed is embedded in your own initial comment. The booming asian economies has created a voracious demand for american products ranging from raw materials to sophisticated technology & services. While some low skill/low wage jobs may be moving over there, high skill/high pay jobs in fields such as engingeering, law, consulting, computer services are being created in the US. So, would your friend have his job if it were not for Asia's booming economies?

Answer 4

True, but I would say the US is a mature economy and places like Asia and India have developing economies. They have a lot of room to grow. They have huge populations, natural resources and fairly educated populations. Not ever having been to India or Asia, I would argue that our overall standard of living is better and although it is growing, there is less of a disparity here between the rich and poor. I think in general, as a global economy, we are all better off if more countries are economically stable.

Answer 5

Well, just because Asian economies are booming doesn't mean ours is bad. Even though most of us probably feel over worked and under paid, we are at about only 4% unemployment. Which means we are statistically full employment.

Answer 6

Yes. That is why we are at war, doh! Did you not listen to the President?