Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Sunday, January 24, 2010

I can't stop laughing at Western businessmen

I don't even know where to start laughing and where to end. It doesn't matter. For years and years people like me (but with better jobs) have been saying that China has some issues and we need to help them along, but the money-men always trumped everything by drooling all over each other in attempts to get into the China market.

"Can't push the gov, nononono they might not let us cash in ..."

Now, only now, at the end, do they realize. And so I have to laugh at them.

The mainstream has caught on to the glaring reality: China's bureaucrats and businessmen always hated and despised you. They stole your stuff, smiled in your face and sold you shit and now they don't need you anymore. So Time Magazine whines. Big time China Hand and Businessman supreme, AllRoads, jumps on the band wagon: "Did we get suckered?"

Of course you did fool. Then again, I know a lot of people who made it rich here (me excluded, hence all of the Schadenfreude) and they basically took a good look at the China business scene, saw it for what it is and jumped in and swam in the feces with all of the other sharks, diving for doubloons.

And this guy here, Paul "I told ya so" Midler. I feel ya Paul. I told a lot of people too. You ain't the only one who saw the signs and such, that feeling. I know it. Hope yer book sells dawg.

I gotta laugh. Even though, now that the drooling suits are hating on this modern China and the Chinese netizens are hating on this modern China, the big bad bureaucrats and their brainless, soulless New Rich cronies might have to bring in their bigger, badder even more brainless PLA bully to keep this country from Gorbacheving. Or not.

I am headed out to take a walk in the sunshine (THAT'S RIGHT SUNSHINE IN THE DU!!).

Holla atchu.


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Friday, January 15, 2010

Lu Guang's Photography: Pollution in China

Makes me real nervous to see pics like this. I know that pollution is everywhere, but seeing it up close and personal like these pictures by Lu Guang is still disturbing.

For an English translation, go to ChinaHush's post here.

In related news, here is a small story about "grow houses," which are houses built quickly by farmers who believe their land might be taken soon. If they manage to register a building, the compensation they receive can be higher. Ignore most of the text and the comments, except this one here:

“The non-existence of truly legal private land in this great socialist motherland probably also complicates matters further.”

You hit the nail on the head. That’s not the complication, that’s the reason for the phenomenon reported above.

The fact that people don’t actually own their unincorporated (non-urban) land and can be dispossessed quite easily is the major reason to engage in such tactics as these. If the government is going to dispossess one anyway, that person is given incentive to maximize whatever payout the government is going to make. I suppose in a system with transparency in government development plans, as well as clear and private land title, private developers would buy up well placed land, the government would lay clear claim (and pay fair prices) on the land it actually needs for the infrastructure itself. The farmers would make money, the developers would make money (building concessions, etc.), the farmers might even make enough money to start businesses in private developed companies… on the flip side, the government’s costs would not be artificially low, and it wouldn’t make any money renting out concession properties it developed itself.

Its fair to say that the government can see a clear advantage for itself in the current system: Its only expense to maintain the status quo is money for chengguan and demolition equipment to knock down these “grown houses” every day."


by Dr. Jones, Jr.


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Thursday, January 14, 2010

"Don't be Evil" -- Tell that to Wall Street

After Google announced that it might leave China, Wall Street and other stock exchanges around the world reacted in typical fashion, by buying Baidu stock and selling Google stock. Baidu's stock jumped by at least 12%, while Google's slid by about 1%.

For the money-men -- the same people, let us not forget, who caused the real estate bubble, the ensuing collapse and rise in unemployment, who received billions from the government and are now giving each other BJs and bonuses -- these men (and women) are the core of what allows China to censor with impunity and keeps companies here way passed the point of violating their own principles.

In the world of capital, evil is rewarded and Wall Street's "golf clap" for Baidu's unexpected "good fortune" is a perfect example of evil at work -- or perhaps better said, a perfect example of the unwillingness to do good.

Sock it to 'em Google!


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Tuesday, January 12, 2010

Wednesday, October 7, 2009

The Weed Game

I watched the CNBC documentary on weed in Cali, Marijuana, INC. and it was a straight War on Drugs propagan(ja) piece. Trish Regan interviewd weed farmers and the look in her eye said: "this is so crazy, these people are not like (look into the camera with a Palinesque wink) US!"

So that was too bad. They focused on the money and the problems, not the money problems that bring this about.

Shall we discuss Medical Marijuana? Shall we talk about the dangers of Alcohol vs. the dangers of Weed?

I think it might be more interesting to note that the people in Cali are running after the American Dream that for some only a fat crop can help them attain. Think about this: You can work a job thats legit for 10-15 an hour and make maybe 1500USD a month after taxes and do that all your life, thinking to yourself that, yeah, sure if I do this for 20 years I can have a mortgage on my crib and save enough for my kids to go to college. Maybe. Or I can grow a crop that is legal in California and make 100K in one year selling weed legally over the counter to weed heads and cancer patients that want this product cuz it makes them feel better.

What it is is the meeting of two cultures: the weed culture of the 1990s and our parents, who consider it all to be Drug-Related. Its young families with ideas about 2012, holistic lives, multiculturalism and a new "back to the Land" vision sitting down and thinking to themselves: the contract I signed with the society (go to college and get a job) seems sour to me and I dont want it. What can I do? How can i live happily? what can i do to support my people my wife my kids and still adhere to my code of honor and living? how do i not sell out like all those before me but still get enough money to live a life that doesn't make me a slave to the sell outs?

For many, its the weed game. Search for a job that pays a young creative or be young and creative ... is that the question?

How do YOU feel about the weed game??

(I'm back)



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Tuesday, July 7, 2009

Xinjiang protests continue

Here is the BBC on the protests ... there is some decent video here showing a large group of Han thugs headed to the Uigher part of town for revenge and also a crowd of Uigher women demanding to know where their men were taken.

The NYT has a repeat of yesterday's story with a little more from today added in ... not much different than the BBC version, but check out the slideshow, there is a great pic of the Han thugs as they march. You can see that for many of these guys, this is a show, some fun, something to take the monotony out of the day. Sure, they might hate Uighers because they're Uighers, but this whole gang thing is just a bit o the old ultra violence for them.

Whereas for the Uigher this is life and death. What does it take to take to the streets as a protester in a country where such acts result in life in jail, death and a heavier hand on all those left behind? How do you escape the futility that fills you up?

In this article in the Asia Times
, Dr. Jian Junbo gives a sober rundown of the situation and blames the unrest on a variety of factors that are basically breaking down the Marxist-era policy of making all ethnic groups within China "members of one great Chinese family" of laborers, with Capitalists and landowners as the common enemy.

He goes into Han grievances, which seem to revolve around the one-child policy and affirmative action in the universities and in some economic sectors. I find these arguments laughably weak.

First off, the Han are the overwhelming majority in China and the one-child policy is a function of over-population, not ethnic preference. Second, the minorities tend to live in rural, poor and/or remote areas like: the Himalayas, around the Taklamaklan and Gobi deserts, in the mountains of Guizhou, southern Sichuan and Yunnan. These are "underpopulated areas" (relatively speaking, this is China after all). Han far outnumber all the minorities put together, 1.3 billion to 123 million.

And affirmative action is also a very weak premise for Han anger, because the very very small number of minorities who benefit from affirmative action is absolutely insignificant compared to the advantages shared by all those who call themselves Han in China.

The real reason for bringing up these arguments is simple tactics. Did Rebiya Kadeer cause these riots? Or were they cause by one man posting rumors? or were they caused by simmering ethnic hatred? or were they caused by a failing Marxist system, as Dr. Jian proposes? For the majority of Han and the current Chinese leadership, the simpler the answer, the better. China wants their people to remain sheep -- money spending sheep -- but still sheep.

The most important thing to understand about this is that Uighers are actually X and Han are actually Y and these variables and the relationship between them can be superimposed upon any values (i.e. ethnic groups) across the globe.

If seen in this light, then we find a common mistake: one value is "heavier" than the other, resulting in imbalance and dis-harmony and then, eventually, violence. So far, across the globe, the common solution has been to increase the weight of the heavy value and hope that through an even larger imbalance, the problem will solve itself, perhaps with the elimination of the lighter value. All we have seen this approach produce is prolonged violence and suffering.

The real solution is to find a balanced, sustainable relationship. This invariably requires the heavy value (Han, Whites, Israelis,) to step back and allow the lighter value (Tibetans, Uighers, Blacks, Hispanics, Palestinians) to gain weight. "Gaining weight" can mean: gaining control of their religion, gaining control of their economic future, gaining control of their political future. These things will immediately remove the need for violence. People with jobs, a place to worship freely and a choice in who their leaders are will be content.

The rub is, of course, that the heavier values FEAR this above all things. Because this is an existential thing. To dominate and crush the weaker value ensures not only survival but sustained survival for whomever is doing the crushing. To step back and allow your "rival" for resources to grow sounds like suicide.

Sigh.

Sometimes, i feel i talk myself into circles and in the end all of this is quite meaningless. What i really believe? In this new world there is no place for Uighers or Tibetans or Native Americans or even Palestinians as they were. There is only one type of person who can and will make it and that is the person who believes wholeheartedly that the way we are moving is the one and only true faith. Progress, Modernity, Capitalism. All other faiths WILL die. The rest of us who don't believe better pretend or find a place to hide or be converted.


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Monday, July 6, 2009

Violence in Xinjiang

Uighers in Urumqi rioted over the past 24 hours, destroying property, killing people and fighting the police. The immediate cause for the riots was a brawl in Shaoguan, Canton Province that began after some fool posted a note on QQ saying that 6 Uigher boys had raped 2 Han women. Han workers then rampaged through the Uigher worker dormitory and killed an unknown number of people.

Seems a lot like LA after the Rodney King verdict right? Well the similarities do not end there. The conflict between the Uigher minority and the Han majority is racial, cultural, economic and political. It spans the entire community. It is one community vs. another and the battle is very uneven. On one side is the state, and on the other is a minority incorporated into the state through force.

After the Communists liberated China in 1949, they went about pacifying and unifying the nation. That included invading and occupying Tibet and invading and occupying Xinjiang. Throughout history, "Uigherstan" and Tibet have been under the control of either local strongmen/religious leaders or split along local tribal/power lines or subjugated to erratic and temporary Imperial rule. Only after 1950, when the Uigher leadership -- on its way to Beijing for a conference with Mao -- all were killed in a "plane crash" and the Tibetan leadership escaped into exile in India, only after the leaders were disposed with did the regions of Tibet and Xinjiang come under Imperial/Communist rule.

This is nothing new in the history of these areas. The only thing different is that it is happening now, in front of our eyes, in a globalized world with the media there to project images and words.

Yes, the Han are absolutely oppressing both the Tibetans and the Uigher. In this old column here, I wrote about the Cultural Revolution-era techniques still being employed in Tibet and Xinjiang and the religious oppression that is a focal point of discontent.

There are other points of contention that add to the anger:

1) Han immigration: Han now represent the majority in both Xinjiang and Tibet. This is a recent development -- since 1950 -- and represents, for Tibetans and Uighers, the inevitable destruction of their identity and their way of life. There is nothing one can do when waves of "the Other" set up shop and start having kids. It is a peacful and highly effective tool of ethnic cleansing.

2) Han economic domination: Han Chinese dominate the government in both these regions. In both, the governor and/or spokesman is a native Tibetan or Uigher who is either completely brainwashed or completely venal. These "traitors" are in place to respond to crises such as these in the strongest manner, to give the rest of the nation and the world the idea that rioters and protesters are "inhuman", as opposed to demanding humanity.

Government domination by one ethnic group over another has another, more important effect: the unequal distribution of income and of justice. Funds reach Tibet and Xinjiang directly from Beijing and are then distributed "as needed" by the central authorities in Lhasa and Urumqi. No one needs to go into the corruption that hampers China's development as a modern nation. Now imagine that corruption in an area where domination and oppression of "troublesome" minorities is encouraged.

So in both Tibet and Xinjiang we have the following situation:

a leaderless, highly religious people ruled by a centralized, motivated non-religious people. The rulers have the economic and political power. The ruled find themselves with the choice: become Han in nature or die.

It is a soul crushing battle -- like between a boa and a small deer. Aimless dead-eyed young men watch their women choose stability and wealth over ethnicity and religion, watch their friends turn their backs on Uigher-ness in favor of a good job in some factory, watch their fathers retreat into the back room to pray and wait for death.

That is why they take to the streets, because making a Han face bleed, even for a moment and at great consequence, makes up for everything.

If you can feel the hate for the Han, then step back from this narrow view of life and feel the hatred and anguish of all the other peoples of the world that have faced this same dilemma and have already died, already forgotten their language, already retreated to the most remote outposts of what was once their home to slowly go through the motions.

When i traveled through Xinjiang I noticed that if the Han did not fear the Uigher as much, did not dread "splittists" as much as they do, there wouldn't be any.

It is the need to dominate that creates these conflicts, not the need to be Uigher, or be Black or be Palestinian.



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Monday, June 15, 2009

Two books that I urge you to read:

The first deals with Islam

No god but God, the origins, evolution and future of Islam


This book (FINALLY) traces the roots of Islam back to the socialist hippy rebel Muhammad and his community of passionate young revolutionaries. All prophets are socialist rebels ... have you noticed? and their message eventually falls prey to the wealthy, nervous, manipulative men of their time and becomes oppressive, exclusive, aggressive and, ultimately, corrupted.

Take heed.

The next book is:

Sex, economy, freedom and community

This book (FINALLY) traces the roots of the global economy and calls for a healthy return to local and regional economic ties that destroy less and enrich more through webs of community, rather than invisible logistics chains in which locals play a two-bit part as cog.

Take heed.


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Saturday, February 21, 2009

Crisis of Credit

An excellent project by Jonathan Jarvis of the Design School breaking down the Credit Crisis for fools like me:




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Tuesday, September 30, 2008

Its all bad; its all good

My landlord Nikki V is doing a piece for KBOO Radio about austerity measures people (may or may not have learned from their parents/grandparents) are using to get by in "this nasty economy."

I listen with mild interest, because so far my economy seems unaffected by Wall Street's 777+ drop this week after the big bailout failed to get past the taxpayer. I mean, please, does any of those bankers truly believe we are THAT stupid? Supporting a war for oil is one thing, but supporting the big wig banker down the street -- the same guy working on your foreclosure -- naw man. no love for the banker.

I wonder how long I will be able to sit and observe all of this going on before i have to work the strip again just to pay rent ...

Is anyone out there tightening the belt? I know that there are now about 100,000 yuppies wondering what to do with themselves in NYC. They better start learning Chinese and drinking baijiu with some corrupt greedy bureaucrats in Beijing ... Joint Ventures will need their "help" trying to get lying ass Chinese partners to do the right thing ...

The right thing ... the Shenzhou spacewalk is to the Sanlu milk scandal what Palin is to the Republican Party is what Cruise missiles are to Lewinsky is what TV is to woes is what a religion is to the spirit.

There was an insert in last Sunday's paper called Obsession: Radical Islam's War against the West. It caught the attention of a few people ... as it is some pretty uninformative scare-mongering propaganda. The basic goal of the DVD is to equate Radical Islam with Nazism both as anti-Semitic and anti-Western.

Now a few people have pointed out that the Treaty of Versailles did help to bring about Hitler, but no one would go so far as to excuse the Nazis for what they did because of WWI. The Treaty of Versailles took land from the Germans and brought about massive economic collapse in that country .. is that an excuse for genocide? never.

So if we keep playing this relativist game, then we have to equate

the conditions in Germany during the 1930s
the causes of those conditions
Germany's response

to

the conditions in the Middle East since the end of WWI
the causes of those conditions
and Islam's response

it gets a little messy and circumstantial. But i think if you read the history of the Middle East since WWI and replace the Middle East with, say, the US, then you will (if you are American) most likely find yourself contemplating mass rebellion and guerrilla warfare. The Arab states were partitioned and controlled by outside forces (Britain, France, US) and pitted against each other and eventually placed under the control of the most iron-fisted despots in the region. Of course an ideology of rebellion will arise out of those conditions ...

I suppose the true link between Nazism and Radical Islam is the Jewish State of Israel. The Nazis (and their many many European collaborators) felt guilty enough to give the Jews a state, but they did not feel guilty enough to give them Switzerland or Luxembourg or Prussia or some other swath of territory from the people who slew them.

Instead, Europe made the Arabs pay for their mistake. And used the Book as justification.

What will arise, eventually, out of America's economic crisis and the wars around the world is a new appreciation for History amongst a people (Americans) who have been taught to believe that history died during the boat trip to the New World. If it means re-learning what Grampa did to get by during the hard times, or what exactly hobo glyphs are or just the aftermath of the Great War ... it will be a maturing of our young nation. Maybe I will live to see it.




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Thursday, July 10, 2008

We have seen this before, and its always sinister

In today's NYT, the "demise" of Freddie Mac and Fannie Mae is treated with the soft gloves of supposed objectivity.

The article begins by saying that the tumultuous tumble in stock value of the two mortgage giants is inexplicable and at the same time potentially devastating for the US economy and, above all, taxpayers.

"There is a real panic about these companies on Wall Street right now, and sometimes a blaze like that grows almost without reason,” said Tom Lawler, an economist who worked at Fannie Mae for over two decades before leaving in 2006 to become a consultant. “There wasn’t really any new news to set off this crisis. The stocks just started falling, and didn’t stop.”


Typically, "the Market" is blamed for being skittish, crazy and prone to stampeding through the economy, destroying as it goes. Few have the idea that this may be deliberate or that the destruction of FM&FM might have consequences that are beneficial to some, while hurting the many. And if they do think that, they are dismissed as conspiracy theorists with an anti-American agenda.

Well, this isn't the first time we have seen the antsy investor crowd pinpoint a sector of the economy, "lose confidence" in it, then ultimately take it over when it lies bleeding in the dust.

The Great Depression in the US was an orchestrated event. The Depression was initiated by JP Morgan and Friends and when the dust cleared, they stood alone in the financial sector, with the American banking system in its bloody grip. This is the truth and i urge you to check it out.

The Asian Crisis of 1997 was orchestrated and led to the firesale of assets in Indonesia and Thailand, riots in South Korea and slumps in Japan, Singapore and the Philippines. The investors poured their money into the countries to develop them, "lost confidence" in their investments and the currencies they were to be re-paid in, then launched an attack that left many of these countries in economic tatters. Here is the Oracle on the crisis. the blame is often laid on the corrupt nepotism of Asia, hence the IMF's ill thought out bailouts. Anyway, check it out(pdf). The NYT figured it out at some point and produced a series after the fact -- 3 part -- that pointed toward the Western aka US banks as the culprits, not the Asian economies who had been following the the US economic wake since WWII. T

Can't find that link though, if anyone can please post.

here is some more good info in the current crisis.


Que bono?

this is all we need to ask each other. Who suffers is the silliest question you can imagine. Those who suffer the most are the poorest, the regular Joe who has to pay more gas, whose house is worth less, who can't lend a damn thing no more, who can't afford nights out with the wife no more and just sits there staring into the distance while he listens to this guy:

“I don’t think anything has happened in the last week to warrant the kind of anxiety we’re seeing,” said Senator Mel Martinez, Republican of Florida and a former secretary of housing and urban development. “But the market does what it wants,” he added. “All we can do sometimes is grab on and hope we don’t get thrown off the ride.”




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