If comunist how are some people in china rich?

[quattrorunner]

I'm not that smart when it comes to economics of nations etc. (or much else) so it confuses me how in a communist run country some have so little while others have so much?

[sammyg2]

IBTPARF!

In all communist regimes, there are the common poor and the rich elite.

And that's assuming there are such things as pure communist regimes which there are not. Communism breeds corruption and corruption creates a class that takes advantage of others.

IOW communism causes everyone to suffer except those who do not believe in communism.
Go figure.

[BE911SC]

China is the perfect place for unfettered "free-market" capitalism. No rules, no regulations and a large communist army to keep all those iPhone assemblers in line 24 hours a day. Ain't no unions gonna' stage any sit-ins or strikes over there. Now you know why every American job that could be shipped over there was shipped over there. American money would slit its own throat if it thought there was another buck to be made in doing so.

Off to PARF!

[masraum]

Originally Posted by quattrorunner

I'm not that smart when it comes to economics of nations etc. (or much else) so it confuses me how in a communist run country some have so little while others have so much?

Has any communist country ever been any different?

[widebody911]

Originally Posted by BE911SC

American money would slit its own throat if it thought there was another buck to be made in doing so.

It's all about the short-term.

[quattrorunner]

Originally Posted by masraum

Has any communist country ever been any different?

I just don't know. I'm pretty ignorant about forign policy and world economics among many other things.
Me like a porsh car

[sammyg2]

Originally Posted by BE911SC

American money would slit its own throat if it thought there was another buck to be made in doing so.

Bull flop.

[BE911SC]

If Osama bin Laden had approached Boeing with an order of ten 747s, paid for in cash at list price, and the deal could be kept out of the news media and away from public scrutiny, the deal would have been done. Remember, we're talking pure, unfettered capitalism. No government interference, no nosey media butting in, nothing but cash for airplanes at a handsome profit and both parties are happy. Now let's say someone at Boeing stood up and said no deal. His/her conscience prevents this deal from happening. Does the corporation halt the deal or does the corporation quietly dismiss the concerns of that one executive. "Hey, come on, this is a sweet deal! There's money in it for all of us! Come on man, you're screwing this up." Even if they reject the deal they'd still be miffed that they missed out on such a sweet deal.

But Sammy's probably right. All buck-chasers have a conscience in there somewhere and there really is a point beyond which a capitalist (or a great white shark) will not go. Right?

[speeder]

Just look up "China" on Wiki and get back to this thread when you've read it all.

See you in a couple years.

[island911]

Originally Posted by speeder

Just look up "China" on Wiki and get back to this thread when you've read it all.

See you in a couple years.

c'mon, it's pretty straight fwd.

The CPC [Communist_Party_of_China] is still committed to communist thought. According to the party constitution the CPC adheres to Marxism–Leninism, Mao Zedong Thought, socialism with Chinese characteristics, Deng Xiaoping Theory, Three Represents and the Scientific Outlook on Development. The official explanation for China's economic reforms is that the country is in the primary stage of socialism, a developmental stage similar to the capitalist mode of production. The planned economy established under Mao Zedong was replaced by the socialist market economy, the current economic system, on the basis that "Practice is the Sole Criterion for the Truth" (i.e. the planned economy was deemed inefficient).

https://en.wikipedia.org/wiki/Communist_Party_of_China

[Head416]

IBTPARF!



In all communist regimes, there are the common poor and the rich elite.



And that's assuming there are such things as pure communist regimes which there are not. Communism breeds corruption and corruption creates a class that takes advantage of others.



IOW communism causes everyone to suffer except those who do not believe in communism.

Go figure.

This sounds like ALL regimes to me. Elite rich, common poor. Power corrupts. The story of all time.

[island911]

Originally Posted by BE911SC

If Osama bin Laden had approached Boeing with an order of ten 747s, paid for in cash at list price, and the deal could be kept out of the news media and away from public scrutiny, the deal would have been done.

c'mon. Even Ferrari will pre-qualify (vet) some of their customers. Read: no airplane company wants their commercial product to become smoldering holes in the ground. That is bad PR.

Well, except for Boeing military missile division, I suppose.

[island911]

Originally Posted by Head416

This sounds like ALL regimes to me. Elite rich, common poor. Power corrupts. The story of all time.

The US has been the shining exception.
Casting aside classism, anyone with skills could achieve greatness.

But don't worry, we are fundamentally changing that now. The politically elite gain power every second.

[onewhippedpuppy]

Even if the masses are equal, someone has to lead the masses. That inequity blows away the communist concept from square one, because the leaders are by the nature of their position, above the followers.

[Rick Lee]

China is more capitalist than the US. It's just that they have an authoritarian gov't. that claims to be socialist. We have a slightly less authoritarian gov't. that claims to be capitalist. China's economy in no way resembles communism.

[quattrorunner]

Originally Posted by Rick Lee

China is more capitalist than the US. It's just that they have an authoritarian gov't. that claims to be socialist. We have a slightly less authoritarian gov't. that claims to be capitalist. China's economy in no way resembles communism.

Thats what I was wondering.

[jyl]

Mao would have a cow if he saw what China has become.

[sammyg2]

Are there snakes in business who would break the rules or act beyond good consience? of course there are.
But I argue that they are few and far between.
I've met plenty of CEOs, CFO's, exectutive VPs, business leaders in my career and one thing impressed me the most and was a common thread, their ethics. They got to where they were by being good people, and they demonstrated a great responsibility to community and country.

I believe the snakes and sleezy businessmen are the exception and not the rule and should be painted with a very narrow brush.

[sc_rufctr]

After the break up of the Soviet Union we suddenly had the Russian Mob and Russian Billionaires in our daily news.
They were always there but working in the back ground and with a state controlled media were rarely reported about.

China is unique in the world. They are very successful. Some say the most successful people in the world.
It's hard to argue against that given what they've been able to achieve in recent times.

But for me Success it's about true democracy and a free press. Neither of which exists in China.

They have their ruling elite which run everything.
............. When you're dealing with a big company in China you are most likely dealing with a Government controlled company even though it may appear to be privately owned.

It's always been like that in China.
............. Look back into their history and you'll find the Chinese people have never had any real representation and have always be used by their rulers to gain wealth.

The corruption there is truly at an epic level. More recently many of their senior government officials have simply disappeared along with billions of dollars.
This is not new. It's being going on for decades.

Personally, I love the Chinese people and their culture. They still believe in family and old world values.
What is especially endearing to me is that when they live outside of China (in a democracy) they always do well through hard work and sacrifice.

[jyl]

Are there snakes in business who would break the rules or act beyond good consience? of course there are.

But I argue that they are few and far between.

I've met plenty of CEOs, CFO's, exectutive VPs, business leaders in my career and one thing impressed me the most and was a common thread, their ethics. They got to where they were by being good people, and they demonstrated a great responsibility to community and country.



I believe the snakes and sleezy businessmen are the exception and not the rule and should be painted with a very narrow brush.

The definition of ethics and good conscience is a little different for big company management.

For example, if your full time employee, a single mother, was barely making ends meet and struggling to provide for her child on the hourly wage you pay her, would you cut her hours by a half to make her a part time employee, so you wouldn't have to provide her with minimal health care coverage? Big companies are doing that right and left, it is standard practice at restaurant chains.

When she tries to find a second job so that she can make rent every month, would you tell her that her work schedule each week won't be determined until the preceding week, so she won't know when she can and can't work at that second job? Again, big companies do that all the time.

Maybe you want to have her searched after every shift to make sure she's not stealing, and you require her to wait in your office for half an hour every day for you to get around to doing the search, would you refuse to pay her for that half hour a day, claiming it isn't "work"? Big companies do that to thousands of workers every day.

Yes, big company CEOs go to church and donate to charities and might help an old lady across the street. That doesn't mean they don't do things in large scale to millions of anonymous workers, that most of us wouldn't do face to face.