China Does as We Did

"The many may oppress the few, but the few may not oppress the many.  Not for very long, anyway."

The Quotations of Slim Fairview.

Do you understand why the Chinese Government raised 500 million people from poverty to the Middle Class?

China created a Consumer Class
China created an investor Class
But most important (and not most importantly) China gave half a billion Chinese people a vested interest in the success of the Chinese Economy and a reason to work towards it.

"China will succeed because China will do as we did, not as we say."  Slim Fairview.

Remember these from our past?

Universal Public School Education
Manifest Destiny
The Trans-continental Railroad
The Monroe Doctrine
The Panama Canal
The Hoover Dam
The Labor Movement
The G.I. Bill
Affordable Single Family Homes

Capital Investment + Economic Stimulus =
Economic Development + Growth
Slim's Paradigm

How many of them has China implemented?

The Cultural Revolution
The Economic Revolution
Nicaragua Canal  (Pending)
Hydro-Electric Power Dam Project (Three Gorges Dam)
T.P.P.
South China Sea
Belt and Road

China appears to be emulating our history.

"Those who forget history are doomed to repeat it." ~Santayana

"Those who remember history are able to repeat it."
~Slim Fairview

The Quotations of Slim Fairview © 2019

Will China Implode? 

The Media Still Doesn't Understand China


If you find anything here to be helpful, please don't hesitate to send me a really tricked out Mac Book and to tuck a few dollars into the envelope along with the thank you note.
Thank you.



Sincerest regards,

Slim


Bob Asken
Box 33
Pen Argyl, PA 18072


Copyright © 2019 Robert Asken
All rights reserved.

Global Crisis: Global Solution

“A global economic problem requires a global economic solution.”  ~ Slim Fairview

“The military option is no longer viable.  The Economic zero-sum game doesn’t work anymore.” ~ Slim Fairview.

How are things working out globally?  

First of all, recent reports indicate that emerging economies contribute 75% to the global growth.  That would make emerging economies important for the global economy.

Hence I wrote the following.

The G 20 in Good Times & Bad (Not for the G 20 alone, anymore.)

Solving the Emerging Crisis

Emerging Nations Economic Unions

Forming an E 20.

G 20 Summit!  E 20Invited?

The Haves are increasing arithmetically.

The Have-nots are increasing geometrically.

The real challenge is not the difference in the number of dollars between the haves and the have-nots.

The real challenge is the difference in the number of people between the haves and the have-nots.  

This is not a sustainable model.

What we are witnessing globally in migrations is explained by what are politicians are able to deal with.  What we are really witnessing is a basic law of physics.  People are moving from a greater concentration to a lesser concentration.

Now, remember the difference in the number of dollars?  The problem is that money in the industrialised nations has reached a saturation point.  This is the point at which the sponge no longer absorbs water.

This is explained in my article Ascribed Value. Or, ridiculous consumption.

Ascribed Value

The tedium is listening to people forecast the problems with no one offering any solutions.  You can’t solve opportunities. You can solve problems.

Case in point. I’ve been inveighing against Merkel’s Austerity rant with the celerity of a honey badger for 4+ years.  Now, Mario Draghi is “printing money”.  Why? Because austerity failed.

The World is in desperate need of 

Capital Investment

Economic Development

Growth.

This requires a meeting of the minds of world leaders on a single issue.  This is about survival.  Imagine the alternative.  I covered that in The G-20 in Good Times & Bad.

Warmest regards,

Slim

slimfairview@yahoo.com

Copyright © 2015 Bob Asken

All rights reserved.

OIL: The Real Outlook

Much has been written about Solar Power:

• Benefit to the environment

• Global Warming

• Saving money on Electric Bills

• Government Support

• Government Funding

• Tax Incentives.

• And so on…

However, all of this had lead to little, if any, advancement in the field.

To make my point:

Dateline: 1964

Science Class

Teacher: Mrs. Hohman

Report: Solar Power.

That was 50 years ago.  In the past 50 years, little or nothing has happened. The reason for failure is that Government pays for activity, not for accomplishment.

Now let’s take the business approach.  This should go a long way toward my explaining why Big Oil should invest in Solar Power.

There are some sound business fundamentals coming to the fore.

• Rising Demand Curve

• Declining Costs

• Innovation

• Economies to scale

• Revenue growth curve

• Tax incentives

• Increasing return on investment

In addition, Solar Power is Clean Energy.
 

• Less Government Regulation

• Less Government Push-back

• Less Consumer Push-back

• Less Global Push-back

There is an incentive to do business in a country with a Solar Power Industry. (Invest in it)

Solar Power is an easy sell in a country that does not have domestic oil production and/or does not have the money to import oil. (Invest in it.)

Solar Power is a very cost-effective source of Energy. (Invest in it.)

Sunlight is the fuel for Solar Power Generators.

Sunlight is

• Free

• Globally Available

• In abundant Supply

• Unregulated

• Not Subject to Embargo

• Not Subject to Supply and Demand.

Of Course, there are a few problems attached to Solar Power.

Sunlight is

• Free

• Globally Available

• In Abundant Supply

• Et. Seq.

Bottom Line?  If the input is Free, the output is Profitable. The more people use, the more you make.

Then there are the home grown revenue enhancement opportunities—Plastic.  Plastic, the by-product of the Petroleum industry. (Another reason that Oil will never go out of business.)

When Engineers apply their skills to plastics, it will become less necessary to defoliate the landscape. Also...

Plastic Girders will 

• Replace steel in countries where it is cost-prohibitive or impractical or impracticable to use steel.

• Replace wood where wood will suffer from mold, rot, warping, infestation, cracked and breaking.

• Replace wood and steel where cost and weight and logistics make assembly, dis-assembly, construction and reconstruction become compelling factors for using plastic products.

• Everything from Archimedes’s Screw to bring water to a higher level to pipes to irrigate fields can be made from plastic.

Warmest regards,

Slim

Slimfairview@yahoo.com

Copyright © 2014   Bob Asken as Slim Fairview

All rights reserved.

Americide

AMERICIDE

“The military option is no longer viable” ~ Slim Fairview

“The Economic zero-Sum Game is no longer viable.” ~ Slim Fairview.

"Americide is not analogous to homicide.  Americide is analogous to suicide." ~ Slim Fairview.

Both having been said before leads us to a better understanding of what is happening and, by extension, what will happen.  Call it “Que Sera” if you will.

In previous articles outlined two important moves that portend a shift in the path of the trajectory for the global economy.

Mr. Putin’s Economic Theatre of Operation

Emerging Nations Economic Unions

By my definition, Emerging Nations are those enduring a low GDP, unstable food supply, and that are being exploited by industrialized nations.  Nations that are being kept shackled to poverty by being kept shackled to poverty programmes.

Now, it would appear that some people actually have been reading my blogs.

Recently, BRIC nations plus South Africa announced the formation of a Global Development Bank.  This news was being reported in July.  This is what I wrote about in February and March.

Emerging Nations Economic Unions

Solving the Emerging Crisis

While these nations may be at variance with my definition of Emerging Nations, I must concede I did say it is up to each nation to choose to define itself as such.  With this announcement, China Russia, India and Brazil and now South Africa appear to have done so.

I want to believe that their leaders read my blog and embraced Slim’s Admonition.

"The Economic Zero-Sum Game isn’t going to work anymore."

If you go back a few years, you will have read another of my admonitions.  The world is evolving into Power Centres.

The Asian Power Centre

The Middle Eastern Power Centre

The African Power Centre

The Latin American Power Centre

The European Power Centre

The North American Power Centre

These power centres are now forming around economic interests. Or, more to the point, Economic Survival.  Soon, Economic potency.

Where does that leave us?

Remember China before Nixon’s overture in Asia Major?  Isolationist.  And the Global Economy functions.  Now, some 40 years later, China is the second largest and fastest growing economy on the planet.

Fun with numbers.

Rule of 72. A metaphor

China growth = 8%   [ 72 ÷ 8 = 9 ]  

US growth = 2%  [ 72 ÷2 = 36]

By way of metaphor, China’s economy doubles in 9 years, the US economy doubles in 36 years.  Hold that thought.

What happens when the rest of the world decides it does not need the US economy?

Remember when I said, “The haves are increasing arithmetically: the have nots are increasing geometrically.”?

What happens when the newly defined Emerging Nations begin leading the other Emerging Nations toward earning a bigger piece of the Pie?  Toward claiming their rightful share of the pie?  In addition, less reliance on the American Markets for Revenue and less reliance on the US for necessities.

The Chinese consumer will replace the US consumer.  Remember, China has a population of 1.3 Billion people.  China Elevated 500 million people from poverty to the middle class.  The US has only 300 million consumers.

If China can do that for 500 million Chinese people, then 500 million Chinese people can do that for 500 million or more people around the globe.

Rising Chinese affluence will create a growing market for growing global economies.  This will elevate many of the have nots to the level of the haves.

India: The quantity of food that rots on the vine due to the lack of infrastructure will diminish.  India has a new Prime Minister. This presages the possibility of reforms to build the necessary infrastructure to increase the quantity of food available.

In addition, developing agricultural resources will make emerging nations less beholden to America’s Bread Basket.  The Rust Belt speaks to that.

With the US achieving energy independence, the demand for foreign oil won’t be the real issue.  The real issue is the diminishing reliance on the American market.  If we don’t buy it, other nations will.   

Alliances will—well, I said it before:

“It is a universal condition: we refuse to accept that all alliances and enmities are transitory.” ~ Slim Fairview  The Quotations of Slim Fairview © 2014

"But don't bother listening to me. Everyone always doesn't listen to me." ~ Slim Fairview

Warmest regards,

Slim

slimfairview@yahoo.com

Copyright © 2014  Robert Asken as Slim Fairview

All rights reserved.