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What are you smoking? Of course we have a favorable trade with China, we give them paper dollars and get back real goods in exchange.
by tcoppi 10y ago
What are you smoking? Of course we have a favorable trade with China, we give them paper dollars and get back real goods in exchange.
- qaq 10y agoYet somehow they have built up more infrastructure in a year then we did in decades while running a huge trade surplus. We get back disposable crap that does not create any lasting assets.
- tcoppi 10y agoWe already have infrastructure, China had next to none and still doesn't really. A lot easier to grow when you're starting from zero.
- athenot 10y agoThe Beijing subway system is already better than NY's: more lines, better quality, clean, safe... That's just one example but I was impressed when I saw it. And they have been adding 1 new LINE per year in Beijing, wheras we don't even add 1 new station per year in most US cities.
- hasenj 10y agoNot exactly related, but being in Tokyo, I now see that Toronto's subway system is a joke. I think it hasn't really been updated since I was born. There's like, three lines in total.
- qaq 10y agoThey have 12,000 mi of high speed rail system, (more than the rest of the world combined) we have 0.
- jjawssd 10y ago> "China ... still doesn't really" Have you been to China recently?
- RealGeek 10y ago> Yet somehow they have built up more infrastructure in a year then we did in decades We spend most on military, social security and medicare. China doesn't.
- mememachine 10y agoI think our spending on social security and medicare is certainly a problem. Don't know much about military spending though.
- RealGeek 10y agoUS Government spending: https://lh5.googleusercontent.com/Rv5UHrNsvcucvflDwwz_pqEjjHnbQeE_HoAgEM44mGOwutlLCyMopUBTlKW_j1krJ775qI5DGZLYlEB8z7I3mD5BllP27Iq4URRWPE-vV3hfqv4wYgLtmDm3D_Z_hAlEMc-s1yA https://lh5.googleusercontent.com/Rv5UHrNsvcucvflDwwz_pqEjjH...
- qaq 10y agoHaving dominant military is a key component is having USD as world's dominant currency which in turn drives about 30-40% of our GDP, so even aside from security aspect it's a very good investment.
- trprog 10y agoIt doesn't matter who eats the apples. It matter who owns the orchard. The US is eating the apples but China owns the orchard.