tag:blogger.com,1999:blog-4739300592243312613.post3122583771702310863..comments2023-02-28T03:35:00.044-08:00Comments on Historia Futura Praedicit: China's Long Term Local Currency Default Rating DowngradedCogitans Iuvenishttp://www.blogger.com/profile/05960295264769181088noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4739300592243312613.post-39968661547926002572013-04-19T09:08:37.999-07:002013-04-19T09:08:37.999-07:00Agreed and you are absolutely correct with subsidi...Agreed and you are absolutely correct with subsidization. I'd Ultimately the tactics China takes will severely hamper future economic growth and could even cause major social instability. Eventually the economic realities have to be adderssed, inefficiencies purged and those ineffecient industries being propped up by the PRC will implode, and when they do a lot of bad things are going to Cogitans Iuvenishttps://www.blogger.com/profile/05960295264769181088noreply@blogger.comtag:blogger.com,1999:blog-4739300592243312613.post-18982093671656944072013-04-19T05:25:02.251-07:002013-04-19T05:25:02.251-07:00China has been competing on the global market succ...China has been competing on the global market successfully not only due to their cheap labor pool, but mass subsidization of industry. So I would agree with your assessment that Communism hasn't left the building, but add that there's an indirect form of Socialism as well (the type practiced by Captialist countries). <br /><br />We can't compete with the cheap Chinese solar panel Anonymousnoreply@blogger.com