Comment by scottLobster
4 hours ago
Because that would lead to mass unemployment and deindustrialization, as China lacks the wealth among the lower classes and the demographics to consume everything that it produces.
4 hours ago
Because that would lead to mass unemployment and deindustrialization, as China lacks the wealth among the lower classes and the demographics to consume everything that it produces.
Wealth is made.
Yes, in China's case through mass exports. What you're suggesting is North Korean Juche. Turning China into a larger North Korea will not increase its prosperity.
Yes, currently.
But you have made no argument for why that must continue, only presented that is the status quo.
China is huge and I am simply wondering, why does it need to export? Except for oil, it has pretty much any resource needed to sustain a high technology economy.
Please, there are no similarities between North Korea and China.
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