Comments on: Understanding the Global Financial Crisis http://www.chinavortex.com/2008/10/understanding-global-financial-crisis/ China | Business | Economy | Internet | Technology Tue, 05 Jan 2010 00:49:53 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Dan http://www.chinavortex.com/2008/10/understanding-global-financial-crisis/comment-page-1/#comment-5584 Dan Sun, 19 Oct 2008 22:18:03 +0000 http://www.chinavortex.com/?p=385#comment-5584 More than anywhere else in the world, Americans believe it possible to expand governmental handouts while at the same time lowering taxes. Politicians have promised this for so long we believe it. Most other countries see these things as either or propositions, but we want it all. <abbr><em>Dans last blog post..<a href="http://www.chinalawblog.com/2008/10/chinas_troubled_food_and_drug.html" rel="nofollow">China's Troubled Food And Drug Trade.</a></abbr></em> More than anywhere else in the world, Americans believe it possible to expand governmental handouts while at the same time lowering taxes. Politicians have promised this for so long we believe it. Most other countries see these things as either or propositions, but we want it all.

Dans last blog post..China’s Troubled Food And Drug Trade.

]]> By: TL http://www.chinavortex.com/2008/10/understanding-global-financial-crisis/comment-page-1/#comment-5581 TL Thu, 16 Oct 2008 22:31:02 +0000 http://www.chinavortex.com/?p=385#comment-5581 Thinking about the difference of living conditions of country people in China and country people in the US. You will know, to own a "home" means nothing in China. Thinking about the difference of living conditions of country people in China and country people in the US. You will know, to own a “home” means nothing in China.

]]> By: F. http://www.chinavortex.com/2008/10/understanding-global-financial-crisis/comment-page-1/#comment-5570 F. Mon, 13 Oct 2008 05:07:54 +0000 http://www.chinavortex.com/?p=385#comment-5570 >>And what is most interesting is that the private home ownership ratio (by percentage) is higher in China (70-80%) than the US’s 69% (source: Hoover Institution), even though the US had a system which, until very recently, offered free housing to all comers, without any qualifications. Is this because the US doesn't count apartments as "home" ownership, but the Chinese count apartment rental as "home ownership"? >>And what is most interesting is that the private home ownership ratio (by percentage) is higher in China (70-80%) than the US’s 69% (source: Hoover Institution), even though the US had a system which, until very recently, offered free housing to all comers, without any qualifications.

Is this because the US doesn’t count apartments as “home” ownership, but the Chinese count apartment rental as “home ownership”?

]]> By: JD http://www.chinavortex.com/2008/10/understanding-global-financial-crisis/comment-page-1/#comment-5562 JD Wed, 08 Oct 2008 09:22:21 +0000 http://www.chinavortex.com/?p=385#comment-5562 Do Chinese citizens own the land their home is on, or if its just theirs by the grace of government? Keeping wealth out of the hands of the individual, and in the hands of the ruling Party, is a useful tool of control. I wonder if Chinese citizens would, if given the chance, vote for a political party which offered them real ownership of the land? I bet they would. That would of course make the individual better off, and it would also stimulate development of a real financial system in China. Unfortunately, some worry that such developments would have a negative impact on the Party's control. Personally, I believe in the ability of Chinese citizens to effectively manage such a beneficial development, and couldn't care less if its bad for the personal wealth of a few institutionalized Party cronies. Do Chinese citizens own the land their home is on, or if its just theirs by the grace of government? Keeping wealth out of the hands of the individual, and in the hands of the ruling Party, is a useful tool of control.

I wonder if Chinese citizens would, if given the chance, vote for a political party which offered them real ownership of the land? I bet they would.

That would of course make the individual better off, and it would also stimulate development of a real financial system in China. Unfortunately, some worry that such developments would have a negative impact on the Party’s control. Personally, I believe in the ability of Chinese citizens to effectively manage such a beneficial development, and couldn’t care less if its bad for the personal wealth of a few institutionalized Party cronies.

]]> By: tdaxp http://www.chinavortex.com/2008/10/understanding-global-financial-crisis/comment-page-1/#comment-5561 tdaxp Tue, 07 Oct 2008 12:03:55 +0000 http://www.chinavortex.com/?p=385#comment-5561 What is the source for your claims on Chinese home ownership? <abbr><em>tdaxps last blog post..<a href="http://www.tdaxp.com/archive/2008/10/06/silver-linings-in-the-financial-meltdown.html" rel="nofollow">Silver Linings in the Financial Meltdown</a></abbr></em> What is the source for your claims on Chinese home ownership?

tdaxps last blog post..Silver Linings in the Financial Meltdown

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