CartBlanche said:
TH3-D0S3R said:
China should be FAR ahead of where the US is now if you look at baseline statistics. They have a population of 1.5 billion and cant out-produce a country 1/5 its size based on population.
https://data.worldbank.org/country/china
Another thing you fail to mention is why China's annual growth is going to be down in the upcoming years, and it's a failure that is made by socialism. The child birth laws are direct socialist action by the government trying to get involve in peoples' personal lives. I understand that China has an overpopulation issue, but the laws the government set in place is NOT what you want right now. China is currently in a phase where their economy is starting to get better. The appropriate thing to do would be continue to increase the population, that way more innovations can be made and everyone can live better lives. The best example of this is in the USA. America was shitty before the start of the 20th century, but the government promoted growth and expansion. More kids were born into farm families as utilities for the time, something that would seem inhumane today. Next thing you know, these kids are growing up and can picture in their heads ideas that would make life easier. Next thing you know you have tractors and tills instead of ox and plow. In 1850 you were lucky to be able to sustain 10 acres of farmland. Today, small farms where I live are 200 acres and up. China is in this period of growth, however the government is more worried about controlling its citizens rather than expanding to improve daily lives.
This is why socialism will always fail, it cares more about sustaining then it does growing, which is why socialist countries are never relevant. Outside of China, name one of those countries that is a power. On top of that, we defend 9 out of those 10 countries abroad (also, according to Denmark's PM, they aren't socialist https://www.investors.com/politics/commentary/denmark-tells-bernie-sanders-to-stop-calling-it-socialist/ . This is just a lie told by Bernie Sanders because his first example of Venezuela backfired the first time). If we didn't get involved Germany could just march into Denmark and say this is ours now. America is the world police not because we want to, we're just the only ones who are capable of doing it. American GDP outranks the entirety of the EU. I'm not trying to brag, but that is beyond amazing to me.
To me there has only been one slightly successful country that was socialist, all because they decided to promote growth. Unfortunately it was the Nazis, and they were a bunch of shit human beings.
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What you also fail to mention is how badly the US economy is doing in comparison.
Here's a great article that show the best performing economies and the worst. Guess what the US is closer to the worst economies and the China is up near the top economies in 2018. I'll save you scratching your head....It under performing compared the rest of the WORLD. MAGA indeed.
Here's the useful infographic...
Article with more details here - https://www.economist.com/graphic-detail/2018/01/05/the-fastest-growing-and-shrinking-economies-in-2018
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Expected GDP percentage growth means next to nothing to me mostly because nothing will remain that constant for long. By that logic Ethiopia is a world power when we look at what they are compared to last year.
If this is referring to GDP growth as you state it is, it's technically accurate, but there are many things that go into that and so many things that could change. America's population is sorta starting to level off, but pretty soon the same will happen with China and their shitty socialist family laws(families are only allowed to have 1 kid, as such they want a boy to keep the family name. This leads to baby girls either being murdered by their families or left on the streets destined to be prostitutes, and as a resulted you have an overabundance of one gender and population figures will go down). I'm not saying China should invade foreign countries, but lower birth rates will result in lower population, and with less population comes less output, which further lowers GDP. China was and still sorta is pretty far behind America if you compare the two, so it's a Great Depression type period where the only place you can go is up (unless you just mess it up like in Venezuela). However, if you're talking about world economies as a whole and are determining GDP growth as success, this statement is very misleading.
America's ACTUAL GDP is $18.62 Trillion, while China is $11.20 trillion. Therefore, America is currently the best performing economy. It's downright pathetic in all reality that China hasn't already surpassed America in the fact they have way more citizens, plenty of resource rich areas, prime location in trade, and lower wages.
As for me 'doubting China', I don't, in fact I believe China along with India SHOULD be the biggest powers in the world given their size and influence. India I can understand having issues due to Pakistan being right next door, but China makes absolutely no sense to me as to why they don't equal the output level of America. As I stated before and will again, socialism does not care about growth, it cares about control. China has no pollution laws or wage laws, and they STILL cant pass American GDP.
I'm not saying China is a bad example of socialism (in fact they may be the only slightly ok one, which is unfortunate), but when you look at their size and scope on the world scale, to say they are underperforming is an understatement.