I've thought about your comment some more since I first read it. Can you back this up? I mean real numbers? Especially since you are going down a path of comparing an education bubble with a property bubble. I'm not criticizing your article, I thought it was well written and deserves to be fleshed out more. I expect some real numbers to show how moving capital around so liberally betters all society.
I have watched the effects of China free trade. There is certainly some value created. But lots of negatives, In the last ten years (since WTO membership), the clean ground water in China has gone from over 50% to less than 5%. Imagine that, 50++ years of "Communism" didn't kill all the ground water, but less than 10 years of "Capitalism" did. I see the wealth gap in China growing to a point where what has been a growing "democracy" of sorts is getting clamped done due to the "middle class" waking up and saying, "hey, where's my share?".
I want to see real numbers instead of hand waving econo-speak. Can you provide any of that? I've been listening to the "don't worry, this derivative stuff is good for you" bullshit for 20 years (I was lead architect for several very large software systems for them in the 90s). I have yet to hear some smart person be able to back this up.
I have watched the effects of China free trade. There is certainly some value created. But lots of negatives, In the last ten years (since WTO membership), the clean ground water in China has gone from over 50% to less than 5%. Imagine that, 50++ years of "Communism" didn't kill all the ground water, but less than 10 years of "Capitalism" did. I see the wealth gap in China growing to a point where what has been a growing "democracy" of sorts is getting clamped done due to the "middle class" waking up and saying, "hey, where's my share?".
I want to see real numbers instead of hand waving econo-speak. Can you provide any of that? I've been listening to the "don't worry, this derivative stuff is good for you" bullshit for 20 years (I was lead architect for several very large software systems for them in the 90s). I have yet to hear some smart person be able to back this up.