More concerned about China than Greece

[BE911SC]

Originally Posted by jyl

Just don't try, in China, to
- Stop the local government from confiscating and bulldozing your house
- Compel a government official to enforce or obey a law or regulation that he doesn't want to
- Get an environmental, safety, or consumer protection law or standard enforced
- Defend yourself against a politically motivated criminal charge, legitimate or not
- Publicly organize opposition to a government position, whether over the internet or on the streets
- Compete against a better connected person for a valuable permit, government contract, license
- Invent anything and hope to maintain your rights to it
- Belong to certain religions or groups
- Etc etc

In the US, you have so many individual freedoms and rights, you can't even appreciate them. Want to organize a big anti-Obama demonstration? Go ahead. Is it freer in China? Have your Chinese friends go out on the streets carrying anti-Xi signs.

Sure, there is a lot of regulation in the U.S. Not being allowed to smoke in a restaurant, or hire a prostitute whenever you want, is pretty minor stuff, as far as encroachments on your liberty go.

Thank you.

[jyl]

Chinese government seems to be treating the domestic stock market decline as a challenge to its authority/power.

Using open and blatant manipulation to try and stop the decline - prohibiting IPOs, short selling, and now any selling by large holders or company management; suspending trading in over half of domestic stocks; pumping public money into direct purchases of stocks; persuading brokers and large investors to buy stocks and stop loaning stock; cutting rates on margin loans.

China is trying to enjoy the benefits of free markets, without actually permitting markets to be free, I question how well that will work.

[creaturecat]

the Chinese system is rotten to the core.

[creaturecat]

Originally Posted by pcardude

Racist.

China is a country. Not a race.
Are you really that stupid?

[Hawkeye's-911T]

By red-beard:

I wonder how things would be different if the Chinese had continued their sea dominance of the 1400's.

Minor thread derailment: Google - Zheng He - interesting cat.

[cockerpunk]

Originally Posted by jyl

Just don't try, in China, to
- Stop the local government from confiscating and bulldozing your house
- Compel a government official to enforce or obey a law or regulation that he doesn't want to
- Get an environmental, safety, or consumer protection law or standard enforced
- Defend yourself against a politically motivated criminal charge, legitimate or not
- Publicly organize opposition to a government position, whether over the internet or on the streets
- Compete against a better connected person for a valuable permit, government contract, license
- Invent anything and hope to maintain your rights to it
- Belong to certain religions or groups
- Etc etc

In the US, you have so many individual freedoms and rights, you can't even appreciate them. Want to organize a big anti-Obama demonstration? Go ahead. Is it freer in China? Have your Chinese friends go out on the streets carrying anti-Xi signs.

Sure, there is a lot of regulation in the U.S. Not being allowed to smoke in a restaurant, or hire a prostitute whenever you want, is pretty minor stuff, as far as encroachments on your liberty go.

none of this is communism either.

[cockerpunk]

Originally Posted by red-beard

Fascist is pretty much closer

china is not fascist either.

china is an authoritarian oligarchy with a capitalist economic system.

fascism would be closer to what we have in the USA, collusion of government and industry to control the economy. remember, that the founder of fascism, Mussolini himself corrected folks, that fascism should correctly be called corporatism. a practice the USA has been sliding towards for 30 years.

[tabs]

Originally Posted by cockerpunk

china is not fascist either.

china is an authoritarian oligarchy with a capitalist economic system.

fascism would be closer to what we have in the USA, collusion of government and industry to control the economy. remember, that the founder of fascism, Mussolini himself corrected folks, that fascism should correctly be called corporatism. a practice the USA has been sliding towards for 30 years.

Nobody takes you seriously, you are just another ordinary American who has been inculcated in the pervasive ignorance that is taught by the American education system. The ignorance is so rampant that you don't even know how ignorant you really are as it is all called excellence. But don't feel picked upon asat least 95% of this Boards respondents share your malaise.

[jyl]

I think labels like fascist, socialist, capitalist, communist, etc are very confusing, unless they are defined in the conversation. Granted I did use the term "communist" myself earlier without supplying a definition - my bad.

[cockerpunk]

Originally Posted by tabs

Nobody takes you seriously, you are just another ordinary American who has been inculcated in the pervasive ignorance that is taught by the American education system. The ignorance is so rampant that you don't even know how ignorant you really are as it is all called excellence. But don't feel picked upon asat least 95% of this Boards respondents share your malaise.

and name calling is for those without a viable argument.

[intakexhaust]

Weird day or
panic control measures?
NYSE and United airlines technical glitch's
EU weighing out consequences

Officials widely denied any link to a cyberattack.

The FBI said in a statement it would "monitor the situation" but "no further law enforcement action is need at this time." Securities and Exchange Commission Chair Mary Jo White in a statement said "we are in contact with the NYSE and are closely monitoring the situation."

Homeland Security Secretary Jeh Johnson noted the glitch causing the trading halt and an earlier computer problem that grounded United Airlines flights appear unrelated.

Read More › United Airlines flights restored after worldwide groundstop

On Tuesday, hacker group Anonymous tweeted a suspicious statement about potential problems on Wall Street.

[legion]

Originally Posted by cockerpunk

none of this is communism either.

As George Orwell so eloquently pointed out with Animal Farm, communism means two very different things:

1) The idealistic system that the revolutionary leaders promise before they get into power.

2) The oppressive oligarchy that is actually formed after the revolution.

You seem to be hanging on to the definition of communism as #1. This has been promised by Lennin, Castro, Mao, Pol Pot, and Ho Chi Min. #2 is what was actually practiced by Lennin, Castro, Mao, Pol Pot, and Ho Chi Min--and what JYL was referring to.

[sc_rufctr]

Whatever is happening, it's big. Time will tell but Maybe this is a "normalling" of the market. Or were a lot of things in China over valued?

[legion]

I think a lot of things in China are overvalued. I also think that China's growth would have tapered off a decade ago had its government not spent so aggressively to keep it going. That's not to say that China won't grow again by leaps and bounds, but such growth can only be sustained for so long.

[Tobra]

You guys seem to think China is a lot different than the USA. That is funny to me.