If capitalism is so great, why is America a declining power and China is a rising power?

Question

China - which is run by the Communist Party.

So let me get this straight: you guys are saying that the U.S. is MORE socialistic than China, which is a dictatorship run by the Communist Party?

Answer 1

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You must be a democrat - hahaha just kidding.

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Think about your question for a second. It sounds flashy, but there's not much truth in it. Sorry.

Did you know China subsidizes heavily throughout many industries, making it extremely hard on foreign competition? This drains the economy in the long run. It is great for short bursts, but highly unethical and hard to sustain over a period of more than 10-15 years. So what looks good on paper now is just a pipe dream that will wither and die away over time.

Where have you been the past 2 years? Haven't you heard about how China manipulates its currency pegging the yuan to the U.S. Dollar instead of involving world currencies to determine its value. The practice is unfair and leads to cheap exports that easily beat the competition of domestic goods in other countries.

And don't get me started on their military. Yes, it's increasing at a rapid pace, but fact is that most experts place them about where we were in 1942 soon after the Pearl Harbor attacks.

I could go on and on, but we can just sum it up as China's cheating. Everything you hear about China is relative to where they were a decade ago. Sure, they've been rising tremendously. But in statistical terms, their "nominal" GDP is less than one-sixth of the United States. They rank fourth overall. And that's with all the cheating, LOL!!


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Update:

Be careful not to confuse socialism with legislation passed by elected officials. It's easy to do.

Some mentioned that the U.S. has many socialistic features, but in reality, they are a set of laws that can be overturned or challenged in court. Socialism however backs "nationalization" which gives TOTAL ownership to the public or to the government (in most cases, the govt) taking it away from the private sector. That is clearly not the same thing. We have a system of checks and balances, even though that system can be a bit tilted at times...

Answer 2

True China is ran by the Communist Party but capitalism is the central part of China's success. Over 1000 KFC's and 500 Mcdonald's in China plus everything else the U.S. has plus more. The U.S. also is a Democratic Republic but capitalism is the central part of the U.S's success.

Answer 3

America is becoming more Socialist and China more Capitalist.

While our supposedly Pro-Capitalism president passed a Medicare Drug Program and our opposition party is scheming to take over the whole Health Care system, China has been legalizing private property, corporations, and income inequality.

Capitalism, in its pure form, is not bad for the poor. It also doesn't allow Rockefellers or Bushes. Even in our Mercantilist economy that is designed to keep the same corporations on top (why do you think they get handouts from the government just like the people who refuse to work?), most of the Fortune 500 turns over every few decades. Large Multi-Nationals are wasteful and collapse under their own weight. That's gonna be Wal-Mart's fate especially since its stores are now competing against each other, causing each others' sales to drop. Standard Oil's market share was dropping before it was anti-trusted. Following the anti-trust lawsuit, Microsoft has fallen from over 95% of the computer market to about 80% as Apple and Linux are both growing their businesses faster. That's because smaller companies are more efficient than bigger companies. That's what did in Eastern Europe because each nation was like a
Multi-National on Steroids and predictably wasteful.

Answer 4

China, communist or not, is playing the free market game better than the US. While Americans are over their heads in debt buying cheap consumer goods, the Chinese government is spending money on industry, information, and technology...all of which are things that add capital. China, as a nation is big on production...the US is big on consumption.

However, this imbalance in trade and the growing US deficit are but one of many reasons why the US is a declining power. The present administration is another big reason as to why the US is losing its imperial grasp over world dominion.

Answer 5

china calls itself communist, but to me (when i lived there) it seemed to be the same old empire that it always was - a different ruler, a different philosophy but not much different in structure - and the local people said the same - china is 7 thousand years old there have been about 20 dynasties and the latest is the communist dynasty. Sometime in the future they expect another revolution and a new dynasty but the same old china.

They call it communist, but private business was flourishing. I think that also is as it always has been - chinese like business. Larger businesses and institutions may be strictly government controlled, but a lot aren't.

So you can say that it is not democratic, but i think it is very capitalist.

Perhaps we should be questioning democracy rather than capitalism?

Answer 6

China realized after several decades of Communism, that it just does not work so has introduced Capitalism, and is becoming more Capitalistic while Liberals here (which do lean towards Communism if anything) are trying to make America basically Communist, genius.

Answer 7

our country has became more communist because the Zionist can control us better, while China has became more capitalistic. the U,S, started integration and trying to make everyone equal , since they could not make certain ones smarter they have dumbed down the smart ones, haven't you noticed that the so called prejudice country's are all on the rise while the white country's who have been conned are all losing ground, just think America came in in 5th place this year in math, science,engineering,and technology, to these so called prejudice nations, Japan. China,India, south Korea, and the U,S, is in debt up to their eyeballs with these prejudice nations and should they demand payment the U,S, would collapse, America was number one but since integration this country has gone down because our educational system has been completely destroyed, thru affirmative action etc, welfare,

Answer 8

Because Americans keep going to places like Wal-Mart and buying stuff made in China.

We are PAYING them to become a bigger power than us.. Which by the way, WILL happen in the next couple of decades.

The fact that they have 4 times the population of the US and are rapidly industrializing kind of helps.

But, that's not to say they don't have problems of their own. For example, due to their strict regulation on number of children parents can have, they have a very top-sided population pyramid.

So, you think we have a social security problem ahead of us in the U.S.? It's nothing compared to the problem China faces as the number of elderly greatly outnumbers workers, and the gap is growing.

Answer 9

Because China is now allowing capitalim while the US liberals are making the US more socialist (communist)

Answer 10

But why is China a rising power? Because they are moving to a mixed economy with much more private enterprise, not communism.

How did you determine that America is declining?