Soros: USA is "blah", China is "phenomenal" and now runs the world

Quote from valhalla:

Labor costs are a common misconception. The US had the highest wages in the world and still produced the cheapest goods 50 years ago. This is because of efficient industries. Today, its impossible for a US company to compete with Chinese even if labor costs collapsed in America, there is simply TOO many government regulations and taxes. Sure China has many regs too but they aren't enforced or easy to bribe your way out of it.
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Quote from peilthetraveler:

Exactly. Compared to the rest of the world, the USA is still the land of milk & honey. Even homeless people can make more begging on the street one day in the usa, than alot of chinese can make in 1 month working 12 hour days in a factory.

People say we dont "make" anything, but thats not true. We make dollars and the world would rather have our dollars than some chinese made item that will break in 6 months.

We also sell the dream and thats something people are willing to pay for. People do not go to china for a better life(unless they are north koreans). People go to America for the better life. 500k mexicans per year cant be wrong, can they?
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I agree, I don't see Soros moving to China, do you? Even Jim Rogers pussied out and moved to Singapore.

For someone who praised "The Open Society and Its Enemies" and said how important recognizing fallibility was, Soros sure seems keen to praise a regime that is the diametric opposite of that ideal.
 
Are you kidding me, Soros and Buffet are long this market, Just look at the up Open this AM. THE BULLS ARE BACK...for a short time? I even hear rumblings of a Huge Rally to 13000 before the end of 4th quarter...lol.

Of course look at the volume.....compared to 3 years ago. Hummm. So, who is buying the US Market?
 
Govt survives on Taxes.
And Corporations that outsource to China and India pay more Taxes to Govt.
Hence it is obvious that Govt indirectly and secretly favors such corporations.
 
Quote from valhalla:

Labor costs are a common misconception. The US had the highest wages in the world and still produced the cheapest goods 50 years ago. This is because of efficient industries. Today, its impossible for a US company to compete with Chinese even if labor costs collapsed in America, there is simply TOO many government regulations and taxes. Sure China has many regs too but they aren't enforced or easy to bribe your way out of it.

China is only communist in name, the old commies are simply there to skim some power and wealth for themselves. The rest of the place has some of the most competitive markets and best entrepreneurial spirit in the world.
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The only reason America led the world in manufacturing was due to virtually all the factories in europe and Asia having been bombed to bits or converted to making weapons that were no longer needed during WW2. It didn't take long for Japan and Germany to regain manuf. market share after they rebuilt.
 
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