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So, does this mean American capitalism eventually gets beaten by a panda?
by lotsofmangos 12y ago
So, does this mean American capitalism eventually gets beaten by a panda?
- lliwta 12y agoThis is the most clever comment I've read on HN this week.
- lotsofmangos 12y agoDon't worry, it's only Monday, I'm sure things will improve.
- astrodust 12y agoChina does seem destined to return to its historical position as the most productive, largest market on the planet.
- lotsofmangos 12y agoI don't know that it is destined, it is quite fragile in some ways. I would say that it is fairly likely, though you never can tell. It partly depends on how hot the whole Russian thing gets and on what Turkey does, as well as the US managing the very delicate business of keeping Saudi Arabia, Egypt and Israel simultaneously happy, so as to keep the Suez open.
- alexqgb 12y agoWell, not in the immediate future it isn't. Demographically, speaking, it's heavy on the olds, and is scrambling madly to get itself ahead of steep labor decline.
- eru 12y agoMost productive? Per head Europe (especially) England had been more productive than China for some historical time.
- astrodust 12y agoThis is post-industrialization where England tore ahead of the pack pretty quickly and managed to push a relatively tiny country not just ahead of their European competitors, but also ahead of giants like India and China. As China industrializes, and they'll have to, they'll push ahead of everyone. Their domestic market is too huge.
- eru 12y agoThe higher productivity started before the industrial revolution.