If China had still been backward, USA's overcapacity in money printing, Japan's overcapacity in car manufacturing and South Korea's overcapacity in electronics and shipbuilding would still be merrily taken as just globalization advantages. They would argue that all is fair, just leveraging on economies of scale, producing things at the lowest cost advantage, nothing wrong.
When China did that and just doing it better, it is overcapacity. What a load of rubbish. This is called loser's mentality. When someone cannot compete, they will find ways to bring others down to their level.
Anonymous
2 comments:
The top 10% of USA top elites own two-thirds of the wealth in the USA and can also be equated as overcapacity in another sense. The bottom 50%, living from paycheck to paycheck, just own 2.5% of USA wealth by comparison. That is the reason there is such a escalating level of homelessness in the USA, with the top owning all the real estate that those at the bottom finds even problematic to rent, leading to eviction.
Why are the USA and the EU not talking about that inequality or lopsided overcapacity in wealth and taking action against that? Oops, it is only the top 10%, which includes all the ruling elites, that are against industrial overcapacity in China, while the bottom 50% obviously are in favor of that as they are benefiting from cheaper goods made in China. Overcapacity is a bane for those bottom feeders, but a boon for those at the top of the food chain. As ruling elites, talking about that brings trouble, so keep it under the rug. I think it also applies to everywhere else in the world. You can bet on that.
Sinkieland have over capacity of foreigner. Unfortunately sillyporean don't seem to realise it. Look at the recent announcement of more new houses to be build. Sillyporean kpkb about low fertility rate yet never think why then build so many houses for who. Also it is not just about building more houses, one have to look at the whole aspect of living..transport/jobs/medical/food/education..etc
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