The Rise And Fall Of America

[Sig]

No-one cares about how you feel, little snowflake.

I ran into something interesting on Quora today. The following was a direct quote from the Texas 2012 GOP platform:

"Knowledge-Based Education – We oppose the teaching of Higher Order Thinking Skills (HOTS) (values clarification), critical thinking skills and similar programs that are simply a relabeling of Outcome-Based Education (OBE) (mastery learning) which focus on behavior modification and have the purpose of challenging the student’s fixed beliefs and undermining parental authority."

Is it any wonder that we end up with the little volpunters of the world with that as a goal of a good chunk of the country! I grew up a fundamentalist and know this line of thinking well. I consider myself fortunate to have escaped. As we see here not everyone was so lucky.

 

[volpri]

I ran into something interesting on Quora today. The following was a direct quote from the Texas 2012 GOP platform:

"Knowledge-Based Education – We oppose the teaching of Higher Order Thinking Skills (HOTS) (values clarification), critical thinking skills and similar programs that are simply a relabeling of Outcome-Based Education (OBE) (mastery learning) which focus on behavior modification and have the purpose of challenging the student’s fixed beliefs and undermining parental authority."

Is it any wonder that we end up with the little volpunters of the world with that as a goal of a good chunk of the country! I grew up a fundamentalist and know this line of thinking well. I consider myself fortunate to have escaped. As we see here not everyone was so lucky.

Sad...fortunately I’m in that group either. What do you say pistol pete are we lucky or what?

 

[d08]

I ran into something interesting on Quora today. The following was a direct quote from the Texas 2012 GOP platform:

"Knowledge-Based Education – We oppose the teaching of Higher Order Thinking Skills (HOTS) (values clarification), critical thinking skills and similar programs that are simply a relabeling of Outcome-Based Education (OBE) (mastery learning) which focus on behavior modification and have the purpose of challenging the student’s fixed beliefs and undermining parental authority."

Is it any wonder that we end up with the little volpunters of the world with that as a goal of a good chunk of the country! I grew up a fundamentalist and know this line of thinking well. I consider myself fortunate to have escaped. As we see here not everyone was so lucky.

I'm pretty sure he's not volpunter (is he?).
GOP obviously, as per that document, wants to keep people simply, stupid and obedient. Questioning and challenging authority is what the western world is about, this is why most of modern inventions didn't happen in China or Japan, even if they have a much better work ethic.
It's frightening how "challenging the student’s fixed beliefs" is considered a bad thing. America might just go back to the dark ages if this attitude prevails.

 

[tommcginnis]

It was immeasurably easier to go from a medieval level of development to early industrial revolution level in the late 20th century, especially when you didn't care about pollution, have few medical and pension obligations, don't spend 57% of your discretionary budget on your military...than it will be to continue to increase the current economy at the current rate.

Okay, so, you're on the right track: imagine a 2% increase of worker productivity, in each of China and ol' USofA .
1) What happens to GDP in China?
2) What happens to GDP in USA?

See the difference now?

 

[volpri]

That's exactly my point. Delta is a first derivative, the slope of the line. Gamma is the second derivative, or acceleration of that slope. Both of those assume that the slope will remain accelerating in the current direction at the current rate well into the future and well into a bigger and bigger economy. That's just not realistic in China. It was immeasurably easier to go from a medieval level of development to early industrial revolution level in the late 20th century, especially when you didn't care about pollution, have few medical and pension obligations, don't spend 57% of your discretionary budget on your military...than it will be to continue to increase the current economy at the current rate.

To take just one piece of this concept, this is a typical day, not night, day, in Beijing, and none of that is from the weather. And that's only the air pollution you can see, it doesn't take into account the water and ground pollution. That's simply not sustainable as is, let alone growing at the same "gamma" as China's economy!

No way pistol pete. Typical day? How could they possibly live past 40 years of age? Are you sure? I already won’t buy seafood raised in China. Do you? I won’t eat at chinese food restaurants. Do you?

 

[Sig]

Okay, so, you're on the right track: imagine a 2% increase of worker productivity, in each of China and ol' USofA .
1) What happens to GDP in China?
2) What happens to GDP in USA?

See the difference now?

Imagine a 2% increase in pollution per worker each in the US and China. You end up with completely untenable levels in China. And it's more like a 4% increase in pollution per 2% increase in productivity in China and a .5% per 2% increase in the U.S. Imagine a 2% increase in social security/Medicaid type obligations per person in China vs the U.S. Imagine a 2% increase in any of the myriad things that cost GDP vs contribute. It's expensive to run a modern, healthy society and China has yet to bear most of those costs while reaping the benefit of unsustainable growth. And that doesn't even scratch the surface of the fact that most of China's growth is based on exports. To modify the old saying, if you owe the bank a million dollars the bank owns you, if you owe the bank a trillion dollars you own the bank.

Will China's economy continue to grow, I presume so although Japan showed that isn't even a given. Can you extrapolate out from today's position using past growth acceleration? I'd maintain absolutely not. As China faces it's unfunded societal obligations it's growth rate will asymptomatically approach that of every other first world country.

 

[volpri]

MAGA and Mr T wins...AGAIN! Schumer gives in! WOW Mr T is on a roll. High win rate! Just like trading with high win rate.

Mr S needs to learn which fights to pick! ROFLMAO!

 

[OddTrader]

Imagine a 2% increase in pollution per worker each in the US and China. You end up with completely untenable levels in China. And it's more like a 4% increase in pollution per 2% increase in productivity in China and a .5% per 2% increase in the U.S. Imagine a 2% increase in social security/Medicaid type obligations per person in China vs the U.S. Imagine a 2% increase in any of the myriad things that cost GDP vs contribute. It's expensive to run a modern, healthy society and China has yet to bear most of those costs while reaping the benefit of unsustainable growth. And that doesn't even scratch the surface of the fact that most of China's growth is based on exports. To modify the old saying, if you owe the bank a million dollars the bank owns you, if you owe the bank a trillion dollars you own the bank.

Will China's economy continue to grow, I presume so although Japan showed that isn't even a given. Can you extrapolate out from today's position using past growth acceleration? I'd maintain absolutely not. As China faces it's unfunded societal obligations it's growth rate will asymptomatically approach that of every other first world country.

imo, what you said is possible. And the opposite is also possible,because China by herself is not only a huge Nation and Economy, but also a small World after growing and reaching beyond a critical mass.

That means the China's domestic market size and economy is huge, plus the nonstop growth of export market economy.

imo, the BRI implementation can be also a guaranteed growth of China's economy probably for the next 40 years, or perhaps longer. Comparing to Japan's growth history.

 

[OddTrader]

https://www.pwc.com/gx/en/issues/economy/the-world-in-2050.html#keyprojections
The World in 2050

The long view: how will the global economic order change by 2050?

Developing economies to eclipse west by 2060, OECD forecasts
Dramatic shift in balance of economic power over next five decades analysed in new OECD model
https://www.theguardian.com/global-...g-economies-overtake-west-2050-oecd-forecasts

But by 2060, as the chart below shows, the combined GDP of China (27.8%) and India (18.2%) will be larger than that of the OECD – and the total output of China, India and the rest of the developing world (57.7%) will be greater than that of developed OECD and non-OECD countries (42.3%).

BRI?

[PDF] China's Economic Rise - Federation of American Scientists
https://fas.org/sgp/crs/row/RL33534.pdf - Cached - Similar
15 Sep 2017 ... industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from. 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022. The Chinese government has attempted ...

https://fas.org/sgp/crs/row/RL33534.pdf

Figure 4 . China’s Real GDP Growth 2007 - 2016 and Projections through 2022 (percent)

 

[volpri]

https://www.pwc.com/gx/en/issues/economy/the-world-in-2050.html#keyprojections
The World in 2050

The long view: how will the global economic order change by 2050?

You certainly are an odd trader. I never seen anyone post so much propaganda in charts and grafics. How do you find time to trade?