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China Set To Surpass US In R&D Spending In 10 Years
dcblogs writes "China is on track to overtake the U.S. in spending on research and development in about 10 years, as federal R&D spending either declines or remains flat. The U.S. today maintains a large lead in spending over China, with federal and private sector investment expected to reach $424 billion next year, a 1.2% increase. By contrast, China's overall R&D spending is $220 billion next year, an increase of 11.6% over 2012, a rate similar to previous years. This finding is shared by the President's Council of Advisors on Science and Technology. 'China's investment as a percentage of its GDP shows continuing, deliberate growth that, if it continues, should surpass the roughly flat United States investment within a decade,' it said in a report last month."
Do the math. Or look at a map. China will, at some point, overtake the US in any given metric for the same reason the US overtook England 100-150 years ago. But 10 years? There's a lot of bubble and there will be a lot of pain when it pops.
America has become an anti intellectual society. Particularly when talking about STEM. All the pundits like to scream how we need to hire eleventy zillion teachers and then turn around and pout and scream that they're not all social workers focused on bullying, eating disorders and special needs. And if anyone so much as suggests that all the MFA's in Italian poetry pay more in tuition to offset the cost of the courses in engineering we're told we're all redneck knuckledragging philistines.
Someday, soon, a bunch of Federal grant wielding puppeteers will put on a show in Esperato about how we used to have fire but the inventor died.
Sadly, the USA is not focusing on science and engineering education, except for paying lip service to the concept of STEM courses in college. There are even proposals to tie tuition payments to the popularity of courses: charge more for engineering courses and less for liberal arts (which is the opposite of the right way to influence it if you're trying to coax people into the sciences and into engineering). The idea seems to be that majors which will earn more money should have a higher tuition associated with it. China sends more scholars over here. Meanwhile we have been making it harder for the best students in the world to come here for political reasons and visa bias when it would make more sense to encourage the best of the best to come here to learn and to stay here and innovate!
Well, of course. China has 3x the population of the US.
And the interior provinces aren't even fully industrialized yet. That will change rapidly as the expressway and high speed rail networks are built out.
There no point for the US investing in R we get everything we need from China.
Better focus on what we're really good at: creative financing
That's extremely surprising considering everything they make is crap.
China may soon equal the US in R&D spending, but that doesn't mean they'll equal the US in R&D. There are some significant problems with Chinese academic/research culture that, unless addressed, will mean that they never get close to the bang-for-buck that the US gets.
Think of all the wonderful things the USA could afford to do if we weren't so busy destroying capitalism. We've got record numbers of people out of work and on government assistance and an administration who only knows how to grow Washington DC in response. We are in a death spiral because we treat our elections like another episode of American Idol. We have a blueprint of how to be free and prosperous, but nobody pays attention to it anymore.
China will slow down or have crashed by then.
China's labor is 1/10 the cost of the USA so in comparison, China is spending 5x times as much on R&D as the US or $2 billion if we compare actual wages. China and the US are in an economic war and the US is losing. Free trade with no tariffs is causing the economic collapse and closure of manufacturing due to the unfair wage difference between China and the Western world.
I think the 200B$ they currently spend already is worth more in local economic units than the 400B$ is in the USA.
Joe: I'm going to France. Abe: You should go to China. Joe: I'm going to France. Abe: I'm from the future. You should go to China.
Over in China buying a prime cave in anticipation of the US collapsing into anarchy?
$220BN probably gets a lot more done in china than it does here so they're already ahead. But so what? Good for them.
more research for more machine learning techniques to prevent people from bypassing the Great Firewall...
The G
Uhh, how about both? They steal all the R&D possible, but at the same time, their economy is growing, while ours is shrinking. I clicked the link, just to ask, "This is news?" Of course China will overtake the US in genuine R&D sometime soon. We've lost what it takes to lead the world in much of anything.
"Windows is like the faint smell of piss in a subway: it's there, and there's nothing you can do about it." - Charlie Br
Twenty-two years of the H1B visa has had the net effect of discouraging native-born persons having no citizenship options elsewhere from pursuing careers in STEM. STEM jobs must be made a critical national security priority. It is a compelling government interest to discriminate against persons who have or can get citizenship elsewhere.
We do not want history to come away with the beehives and anthills winning. If individual liberty perishes, the human species forfeits its right to exist.
It is cheating. Basically the culture in China right now is one of do whatever you want to get ahead. Cheating, lying, all ok, expected even. So it goes on in research all the time. Straight out fabricated results and such. The problem is, as Feynman said, Nature cannot be fooled. So you can have all kinds of results that say X causes Y, but if X doesn't in fact cause Y it isn't helpful.
It is a societal thing that will need to change before they start to produce more useful research.
Methinks you're fantasizing. China needs the US and the EU as much as the US and the EU needs China for cheap wares. If the the US and the EU go down and crash, China will crash even more. They've no interior market/consumption to speak of, and need to rebalance.
But we will still have them beat on military spending: "Hooah!"
Fantasizing, you say? Whatever. The fact is, the wealth of the world is being redistributed, and the US and EU are coming up losers. China is gaining. The real catch to all this redistribution is, the world's central banks are reaping the lion's share of the profits. For each ten dollars we lose, China gains a dollar, and the banks steal nine dollars.
But, the situation with the central banks don't affect the fact that China is ascending, while we descend.
China may be dependent on us today, but what happens in fifty years, or a hundred? We're selling off our great grandchildren's future.
"Windows is like the faint smell of piss in a subway: it's there, and there's nothing you can do about it." - Charlie Br
No interior market? That's actually where a lot of their growth has been and why they didn't go completely belly up when the US economy sneezed a few years ago.
Until the cost of living and the cost of labor in China is at parity with the US you can't compare $$ for $$; you also have to assume that the R&D talent (Engineers, Project Managers are equal); assuming that the talent is of a high quality.. if the talent costs less over there, than they don't have to spend the same $$$ to get the same results.
IF the talent is equal and the cost is 1/2 to 1/3 cheaper than they are probably already at parity. If the talent isn't equal than no amount of $$ can really get to parity (e.g., bad technology leadership can waste a lot of $$). If the talent is better and equal or cheaper in cost then this game is over; although there is always an other round to play for the next generation..
http://www.hawknest.com/
Since China owns so much of the USA you could argue the R&D the American companies the Chinese own should be added to the Chinese total R&D. BTW, I'd like to buy some punctuation Pat.
Something will prevent them form digging a big big hole and throwing good into it, instead of selling it at dumping price to EU/US?
A large proportion of everything that's sold in the US is made in China, from the best to the worst. They can manufacture anything, and the quality you receive depends on the amount you pay, just like for every other country and manufacturer.
If you're complaining that the vast majority of Chinese goods you see are crap then you need to look for the reason closer to home. Your typical importer is more concerned with his profit than with obtaining quality products for his customers.
And it's doing our reputation no good either. Undoubtedly they're amazed at the crap we're willing to buy.
Grasshoppers always come up with new excuses to procrastinate and not do anything - it's what they live for.
They'll always be saying "So What?"
For them, it will never be time to pull up the socks, roll up the sleeves, and get to work.
That's why the Chinese are narrowing the gap, and will pull ahead.
Success comes from attitude first. With the grasshoppers, their attitude is 180 degrees in the other direction.
The main thing is to be able to recognize who's a grasshopper, so that you don't waste your time listening to them.
I have heard this pitch before (that china is going to overtake the US). First, it was the military. It was predicted that by the end of this century, China will have a larger and more agile advanced military than the US. As we both know, this never happened. Second, around 2002, it was predicted that it will take less that 10 years for china to topple the US economy, this again has not happened. The latest prediction I remember was in 2008 where they said that in 5 years china will be publishing more in science related subjects than the US, again, looking at the current research in major journals, this flies in your face as not true. I wish I could get the links for the above predictions.... I believe that for a nation to be a super power and leader, there are some basic things that have to be set at the foundational level, that I just do not see the chinese embracing soon. At the very basic level is democracy, which encourages innovative thinking. Authoritarian governance stifles innovation and hampers growth. The second interesting thing is explored in this link: http://www.kurzweilai.net/michio-kaku-explaining-americas-h1b-visa-declining-skilled-worker-population-domestically. More than just the VISA, I think the US has a conducive environment that encourages R&D. In a nutshell, all I say to the naysayers is: Never gona happen.
Since China owns so much of the USA you could argue the R&D the American companies the Chinese own should be added to the Chinese total R&D. BTW, I'd like to buy some punctuation Pat.
China own 'bout 8% of US debt. That's it.
US has other priorities for spending now. Obamacare and all the other redistribution schemes will require all the money and there won't be any left for stuff that isn't controlled by political juice.
and it's got absolutely nothing to do with spending. Instead the problem is with our educational system preferring to not teach our kids how to think for themselves. The continual dumbing down of America is happening each and every day in our schools when they refuse to teach Civics, Geography, Math - when so called high school grads working at McDonalds can't even count back change w/o the damn computer telling them how much of what type of change to give back. Hell I've watched the same kids getting their change and they don't even know how to count it anymore.
Mod me up/Mod me down: I wont frown as I've no crown
If i understand correctly... their rate will equal USA in 10 years... and maybe 20? years after that you will both have equal stockpiles?(They'll have to exceed the USA rate just to catch up).
So this article is about China being equal to USA military in 30 years? I guess then it will be harder to invade countries with "bad intel" as the justifications?
Wow, not very scary at all.
I thought USA was home of the brave?
The real problem is how most countries, in their interest to grow more wealthy, is feeding the root of all evil: The Chinese government. It's not a government held in check by its people, but one that can turn quite cruel to its own to further its ambitions. If it can do that to itself, then what more to other countries? This geopolitical farce has got to end.
Its people are becoming rabidly nationalistic due to its susceptibility to propaganda. Why question the new prosperity when it is easier to lash back at foreign countries critical of their government's practices? Look at the reaction to territorial disputes with Japan and the ASEAN countries and you'll know what I mean. It's a dangerous context that's getting more dangerous the richer China gets out of everyone's money.
And that's how to curb it's power in the future. The U.S. can't do it because it's labor force is too expensive and will not give up any of it's hard-won privileges and rights. But developing countries can by matching the tradeoffs China brings to international business: cheap labor and profit taken away from the bargain than doing business with other countries. The ASEAN, for example, can form more than trade agreements and put out unified policies to make their territories akin to the EU in terms of collectiveness but also match or do better at what the Chinese offer. Everyone will see a significant portion of business be taken away from China to be fed into these, more tolerable, locations. While infrastructure will need to catch up to the level of China, it will happen as revenue comes in. If Africa can only quell it's turbulent states, the economic benefits to all surrounding areas like the EU and the Middle East would be enormous; again supplanting Chinese influence.
Countries should curb their appetite for greater trade with China to lesser trade somewhere else and develop these other places to one day catch up to doing business in China. I would go as far as to suggest that national governments control the amount of trade that goes into the coffers of the Chinese government. it needs to be done as some countries, like Japan, have China as their #1 trading partner, which we can see is dangerous as it has no qualms in cutting off trade for geopolitical reasons (see the recent territorial conflict over just 1 island).
For such Chinese that's about to react to this in a wrong way, I have no objections to the Chinese getting ahead in life, I object that the world is empowering a dubious superpower. Change the government to one that is for its people and the good of the world then there will be no objections. The U.S. is by no means such a country but better the devil you know. I know I'm rambling as I just woke up but I really feel strongly about this. The world will only have itself to blame by empowering China the way it is now. It's like pumping gasoline into a wildfire, and all for greed.
I mean come on, I know a lot of people feel the same way in that they feel a little negativity when they read so much "Made in China" on the shelves but end up buying the stuff anyway. Sheeeesh.
They are getting there. And they are moving towards rebalancing every day, while the US is moving away. Part of the point of this is that China is getting better every day, and the US is getting worse every day. But we are OK with that, because as long as the political process lets us pick the order in which we get worst first, we have control over the process. Yay USA.
Learn to love Alaska
of blatant stealing enables. I, for one, wish the best to our putative overlords. They may find that piling up the winnings "higher and deeper" doesn't necessarily deliver predictable results.
ELITISM: It's always lonely at the top. Uninvited company is rarely welcome.
I think the problem there is, we use the metric system for money. Maybe if we switch to pence, shillings, and pounds, they'd get better at counting change. /sarcasm
"Windows is like the faint smell of piss in a subway: it's there, and there's nothing you can do about it." - Charlie Br
It's the only way to compete with China's cheap labor. It's strange that when robotic manufacturing and military robots come up as a topic in /., tons of people worry about it will take away jobs or laugh at it; but when topic like this comes up they run around scared.
It's the difference between 19th century capitalism and today's, same economic system, but vastly different in terms of consumer protection, worker's rights, etc.
The fact is, the wealth of the world is being redistributed, and the US and EU are coming up losers.
The wealth of the world being rebalanced so everyone has more equal wealth is a good thing, in my opinion. I'm not sure how it isn't, in any way at all.
Now, if you're saying that corporations are taking most of the money, and distributing the wealth unequally, that's a different issue, which is a result of our current system, which they've adopted to some degree.
More equal wealth will allow manufacturing and farming to actually exist in the west without subsidies, too. At the moment we're clinging on to high tech specialised manufacturing, but I doubt that will last for that long.
Last original invention they had was gun powder.
The wealth of the world is not being redistributed. China is making more money because they are manufacturing more, not because the money is being redistributed from the US or EU.
We are not descending. The US and EU economies have continued growing (albeit slowly) during China's ascent. The reason is because the world economy is not a zero-sum game, and wealth is not being transferred from the US or EU to China.
China, the US, and the EU will all have first-world living standards, most likely.
We are not selling any important assets to the Chinese. ...The only thing the Chinese are "taking" from us are exhaustible, expensive, internationally traded commodities. such as Oil. Our great grandchildren wouldn't have had too much of that anyway.
It's all been going down hill ever since the wall collapsed and software patents got approved. Once you account for the US throwing ungodly amounts of money on entertainment technology and junk academic research you come to realize the US has been stagnating for the last 20-30 years. Basically, ever since the Russians kicked the bucket every ounce of American innovation once invested in the military, has been diverted into mass entertainment.
With some luck this Chinese threat will drive some sense into the lawmakers to put a stop to the corporates's patent warfare and drive investor to put their money into real R&D and not Apple and Google.
I for one, miss our potential Communist overlords.
When you GDP growth is around 10%, it's not such a big deal to increase R&D by 11%. When their GDP growth inevitably slows, you'll see the same in R&D spending increases. This isn't about a difference in philosophy, it's about China bringing its country out of poverty. And good for them. What's up with the Anti-China bias in this topic? Is it not a good thing that they're joining us on the quest to improve society through science?
When the US surpassed Europe - How dare they?
When the China surpasses US - How dare they?
Of course they dare. It is their 'obligation' to try. And if they win out big we won't hear about those embarrassing inbreds from Alabama and Kentucky discussing evolution any more. From what I have understood, Chinese are more pragmatic than any Bible reader, or?
Just look at where the federal government spends its money:
Defense: 24%
Health care: 24%
Pensions: 23%
Welfare: 11%
Everything else: 18%
Source: http://www.usgovernmentspending.com/federal_budget_pie
That speaks volumes. We have become a war-waging welfare society. How will that make us competitive with China?
$424 billion USD in the US buys much, much, much less than $220 billion USD in China.
If you had a value for what 1 USD is worth in China with regard to purchasing power, relative to what 1 USD is worth in the US then you could make a realistic comparison.
China passed the US in R&D and military spending long ago.
blindly antisocialist = antisocial
This Christmas I got you a present! A giant "FUCK YOU" for being one of the biggest and oldest Linux zealots on the Internet. Happy holidays, you fat, lying piece of shit!
China own 'bout 8% of US debt. That's it.
And significant shareholder positions in all sorts of corporations, a whole lot of real estate, and so on...
well out side of the usa health care is not tied to your job and well out side of the usa health care is not tied to your job and they have less overhead as well.
also they don't have the big loans for schools as well.
The US needs more tech / trade schools to free up the us universities for real higher edu / research
Have you seen Chinese research? Have you ever tried to reproduce some of their results? I have, and I would guess that even though spending might be equal, the quality will not catch up for a long time after that.
If Slashdot were chemistry it would look like this:Cadaverine
Ha! Roman_mir replied to a comment with a subject of "just think". Being as he hasn't had an original - or even a shared rational - thought since joining up with his current religious movement, the irony score of his comment is at least 11,000 out of 10.
I'd wish you a merry christmas, roman_mir, but I'm not sure if that holiday is observed on your church's calendar. Perhaps August 20th is your high holiday instead?
I am gracious and assume you are not a bankster. That is how you Americans and Brits do it:
1.) Financial sector is badly controlled by government
2.) Banksters decide to become full-scale bankrobbers and set up elaborate schemes for legally stealing from everybody else.
3.) Government has to rescue the depleted banks/insurance companies and other "vehicles" "to protect the whole economy". Plus they have to pump massive money to the people affected by the financial crisis.
4.) To finance step 3.), the central bank has to pump insane amounts of money into the system. Government has to go into insane debt.
5.) Inflation from 4.) and 2.) means everybody will have insane expectations about salaries, cost of housing, cost of expensive goods and so on. Formally speaking, Pricing Information is being destroyed. People here are all saying that earning less than 80000 dollars per year amounts to being poor. Now think about what 80000 dollars were just ten years ago !!
6.) Real-world (read: non-financial) industries don't take financial gyrations and excessive wage expectations lightly. They will simply crumble under this shit and/or move to saner places (GM, GE, IBM, HP and many other manufacturers). These companies are as much losers of the shit game of the financial industry as the average American or Briton. These are capitalists in the traditional sense; people and companies who use massive capital and make massive amounts of useful stuff. But their capital is being destroyed by the banksters in NY. That is how capitalism is being destroyed.
As a side note, maybe you can now understand why nasty Mr Hitler came to power. Disenfranchised people knew they couldn't lose by voting for Mr Hitler, because he was the only one who would reign into the craptastic actions of the elite. The common German man was essentially told to expect to eat less tomorrow because the banksters of that time had fucked up. So he said "to hell with civilization, I need to eat now, let's vote Hitler. We will deal with Hitler's war later".
"The significant problems we have cannot be solved at the same level of thinking with which we created them." --Einstein
Casteism
+1
I am sure you got a nice Windows 8 laptop from Mr Ballmer as a Christmas present. I hear it weighs 3kgs and fries your balls while depleting battery in 2.5 hours.
"The fact is, the wealth of the world is being redistributed"
The wealth of the world is not being redistributed; this is not a zero-sum game. The wealth of the world is *increasing* as large, formerly underindustrialized countries become industrialized, and the bulk of that *new* wealth is going to those same countries. The US and the rest of the 'west' are not getting poorer so the Chinese can get richer.
Biggest and oldest? Please, you give me to much credit. Of course, I can understand how it might look that way to a twelve year old whose mother won't allow him to cross the street alone.
"Windows is like the faint smell of piss in a subway: it's there, and there's nothing you can do about it." - Charlie Br
America could use its armed forces to basically run a protection scheme on the rest of the world. Some people say, they already do.
"If you want to continue buying oil from Saudi-Wahabistan, you better buy insane amounts of our worthless debt !"
That's why China's navy buildup is 100% rational - they need to defend their global interests against a broken US who will "consider their options". That's why India and Brazil are actively buying and developing advanced arms. Also why Russia develops and fields said arms.
If you don't have nukes, submarines and capable fighters these days, you are 100% subject to blackmail from Washington and their little dog London.
Your usual America-bashing contribution. Way to stay in character on ever single topic!
To me this means that whoever else is inventing stuff will make it *that* much harder for the chinese to copy. Culturarly the chinese don't like to invent new things. And from what I've experienced first hand, they won't invest in R&D unless they KNOW that they will be selling the thing in the short term. Many US firms invest in R&D and come up with stuff that will never see the outside of the lab, some will turn out the be commercial failures and a select few do make some degree of success. Not the Chinese, they are more of the "tell us what you want, we will make it for you", they're never ever first to the Market ut anything but they can play the catch/up game rather fast (though not the best quality output).
Disclaimer: When I say I know this first hand, I mean I work for (well, more like I'm employed at) a big chinese tech company...if you can call it that.
http://xkcd.com/605/
States are made and broken by controlling or not controlling finance. On that account, China appears to have excellent marks, contrary to the US.
Problems of rail lines can be fixed, if you have trillions in savings to be dispatched. Of course you need industry, labour, engineers and even some scientists. That, they all have. Plus, as I said, they have proper finances.
..appears to come from USG and its halo these days. I think you Americans should stop having so many "visions". China has historically been much, much less belligerent than America. They know about the risks of military adventures since the time Americans were dwelling in some caves in Germany, Norway, France and so on.
Everyone knows, the truth has a liberal bias.
Learn to love Alaska
Why did they mod you down ??
Of course you are engaging in a "scary vision", but I totally agree that you vision has a likelihood of more than 10% to realize in the next ten years. I think it is called "denial" or "shoot messenger".
Indeed, America has to slowly wean itself off credit. The war industry, the medical industry, the financial industry must be reigned in with an iron fist. It would actually be the right thing to nationalize all relevant financial actors and put everybody in that industry on a 50k/year salary; not bonuses allowed whatsoever. A Khodorskovsky-style incarceration of a major finance crook in Guantanomo would also be very helpful to get the message across.
But as Mr Obama himself said, "I am a member of the 1%". Which is of course crap, he is just A Puppet Of 1%. Washington is deeply corrupt and there is a very real chance the American state is not up to the challenge of fixing itself.
I for one welcome The Lord President-Protector Of America, Oliver Cranewall !
Very nice bla-bla about "markets" and "efficiency". Very nice propaganda to cover what they really do in NY. They have grown into bankrobbers who want to rob the public until there is nothing left and all industry destroyed. Just so that each of these narcissists has his little castle with golden doorknobs and an expensive bathroom. Plus a Porsche SUV.
If you bail out NY to the tune of 500 billion and more, it is entirely OK to bail out Detroit for 100 billion. At least they do *something* useful in Detroit. And if you look at reduction in wages and benefits in Detroit and compare that to the crooks in NY, I do think Detroit got hit much more.
And yes, the UAW are big-time monkeys as compared to German Unions (who can have nasty and insane rhetoric, too).
I do think the "ant" meme could be interpreted as "don't look for getting rich quick scheme all the time, American". Too many Anglosaxons have grown into admirers of the crooks that populate NY and London. You admire people who hurt your nations enormously. "Because they are so filthy rich".
The truth is that everybody will be a poor fuck if the whole economy is based on outfoxing somebody else. On the other hand, if the economy is based on useful cooperation, everybody can grow reasonably wealthy.
The banksters will paint China as the worst place on earth, as they can't easily operate there. You have eaten their "freedom" propaganda entirely. What they mean when they say "freedom" is Freedom To Destroy Your Economy.
Your propaganda is so nasty that whoever knows it, can only hate you.
Where are the sources for your Assortment Of Shit Arguments ?
http://mycourselinks.files.wordpress.com/2011/02/ellis-bret-easton-american-psycho.pdf
Thursday night I run into Harold Carnes at a party for a new club called World's End that opens in a space where Petty's used to be on the Upper East Side. I'm with Nina Goodrich and Jean in a booth and Harold's standing at the bar drinking champagne. I'm drunk enough to finally confront him about the message I left on his machine. Excused from the booth, I make my way to the other side of the bar, realizing that I need a martini to fortify myself before discussing this with Cannes (it has been a very unstable week for me - I found myself sobbing during an episode of Alf on Monday). Nervously, I approach. Harold is wearing a wool suit by Gieves & Hawkes, a silk twill tie, cotton shirt, shoes by Paul Stuart; he looks heavier than I remember. "Face it," he's telling Truman Drake, "the Japanese will own most of this country by the end of the '90s."
Relieved that Harold is, as usual, still dispensing valuable and new information, with the addition of a faint but unmistakable trace of, god forbid, an English accent, I find myself brazen enough to blurt out, "Shut up, Carnes, they will not." I down the martini, Stoli, while Cannes, looking quite taken aback, stricken almost, turns around to face me, and his bloated head breaks out into an uncertain smile. Someone behind us is saying, "But look what happened to Gekko..."
What happened to Japan? Property bubble burst and they had twenty years of poor growth.
China has a property bubble too, and unlike Japan is likely to go through a lot of political pain if the economy ever stumbles. Aka a bloody revolution against the swine that run the place. The LDP spent a couple of periods in opposition but bounced back quickly - the CCP will likely go down to bloody defeat Tiananmen style and then explode into factions. Actually there's a fair chance of a Yugoslavia style transition to an authoritarian nationalist regime in an attempt to keep Tibet and Xinjiang from seceding.
The CCP's legitimacy is solely due to the fact it has presided over economic growth, and if that stops I think things will get very bad, very fast.
echo -e 'global _start\n _start:\n mov eax, 2\n int 80h\n jmp _start' > a.asm; nasm a.asm -f elf; ld a.o -o a;
Why did they mod you down ??
He wasn't moderated down. His karma recently went to negative numbers because he is a trolling arrogant asshole. He has all the discussion and personal graces of a wombat but without the charming good looks and sound judgment.
Of course you are engaging in a "scary vision", but I totally agree that you vision has a likelihood of more than 10% to realize in the next ten years. I think it is called "denial" or "shoot messenger".
Read further into roman_mir's comments (read also the comments from his sock puppet, udachny). He isn't here to share a scary vision - he is here to recruit members to his religious movement.
It would actually be the right thing to nationalize all relevant financial actors and put everybody in that industry on a 50k/year salary; not bonuses allowed whatsoever.
Roman_mir's religious leader would have you executed without trial for even suggesting such a restraint be placed on the glory and beauty that is the free market. Just be glad that person never had a realistic chance of becoming president as he had no regard for anyone and would have implemented a new kind of American fascism that would have made Pol Pot blush.
The *** legitimacy is solely due to the fact it has presided over economic growth, and if that stops I think things will get very bad, very fast.
Well it's pretty bad States side here right now.
And your prediction of the nigger lynching party is when?
by China for information on how to deliver effective STEM education. Apparently both China and the US are claiming to be deficient in STEM education. The extent to which both countries simply suck at STEM education, vs. posturing to spur competitiveness, isn't entirely clear.
The fact is that, at least in EU the political behaviour became more idiotic day by day. There are generations of "leaders" totaly disconected from the daily reality. The production in every sector (materiels, electronics, mechanics etc). is going down as there is no way to compete with Chine. Is like a box match where a player has both hands tied, a chemical protectiv suit on it, some hevy load on his back and ruber boots and the other being lightweighted, with sharp weapons and not forced to respect any rule. I'm far from having comunist or socialist views but still the acumulated capital in any present economy is clearly not fair. Nevertheless is our daily reality. The problem is that companies or persons after they built their capital are moving it out leaving comunities and countries without the colateral benefits that otherwise were to compensate the present unfair profit distribution. At the end of day only one or several persons are in benefit ond entire communities are slowly going in trouble. Now we reach a point that China has so bic investing capital potential that they could support themselves and invest also in other places but stil the policy is to atract the foreign capital resources for a fast and short term profit. The target for them is not the capital anymore. They have enough. The target is the know-how and technology. Even if is a relatively slow process EU countries and posibly US will be drained of their Technology and know-how and the fact that will depend on chinese produts will be the less worry as the potential of technological development will be gone. Is really strange that politicians don't figure out that still living companies are moving their activities and capital towards China, the chinese capital are slowly buying out the ones that gradually became weakened in their country of origin. And you know what? The ones that are investing in China are actualy not owning anything as acc. To Chinese law foreigners are not allowed to have more than 49% of any business or other kind of property. So in the end slowly but steady China will win. We can continue our confortably sleep for a while then .....
Idiocratic journalists don't even ask the first order correcting question let alone the second. The first is, how much is their spending per capita compared to ours (duh, about a factor of 4 or 5 there), and second, how much is their spending per engineer/scientist (or whatever subgroup that actually needs that spending). Again, duh, about a factor of 3.5-4? Of course, we ARE producing the worlds most educated baristas, busquers and bloggers.
"There is no god but allah" - well, they got it half right.