tag:blogger.com,1999:blog-3972879827432610272.post8588206051110581000..comments2023-06-18T11:39:39.156-04:00Comments on Denis J. Kucharski's Blog: Why The Economy Isn't Getting BetterUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3972879827432610272.post-34077290035313070832012-02-18T18:01:55.476-05:002012-02-18T18:01:55.476-05:00I think there is a real estate bubble going on the...I think there is a real estate bubble going on there, which accounts for some of the so called "growth." But much of it is real growth in the economic sense. This overall has been improving the standard of living for the Chinese. But this has come at a real human and environmental cost as well. If the environmental damage is as serious as some make it out to be, the standard of living will indeed decrease if the waterways and the air are polluted without reasonable safeguards taking place. The factory workers, while poorly paid by American standards, do make more than they would as farm workers. The problem is that they are forced to work very long hours and under dangerous conditions. In China, they actually make things. They take labor and capital and produce real value. Much of the profit is going to U.S. shareholders, but so much money is being made that the workers and the local economy can't help but do better as well. I agree that the growth cannot be long term sustainable if they don't pay proper attention to the human and environmental damage that is being caused.Denis J. Kucharskihttps://www.blogger.com/profile/05807765658874099248noreply@blogger.comtag:blogger.com,1999:blog-3972879827432610272.post-8517584225476826992012-02-18T12:14:39.960-05:002012-02-18T12:14:39.960-05:00When you look at the growth of China is it possibl...When you look at the growth of China is it possible that there growth is a bubble? How can their growth be sustainable when the Chinese treat their citizens so poorly and pollute their environment the way they do?Joe Hemphillhttps://www.blogger.com/profile/10018247912778777529noreply@blogger.com