Comment on China’s Impending Problems

Comment from Brewskie. Also Brew did you know the government subsidizes electricity so we pay almost nothing. Its all a political game but this fact also has the effect of subsidizing production.

Comment from Brewskie

The point of history: Learn from its mistakes so you don’t repeat them. The great “mistake on the lake” (actually that’s a reference to Cleveland, but I’m using it for environmental purposes) in the US in the ’70s is where poor Lake Erie was so polluted, it caught on fire. Do Americans remember this? No, we can’t even remember the moon landing (our important news of the day is Kim Kardashian’s boobs). What does that make the Yangtze? I read earlier officials are worried it’s turning into the world’s largest “sewage system.” – half of China’s chemical plants are stationed along it. Yikes!

Anyway, did a little reading about power shortages in China, and found out (a) hydropower dropped 25% year-on-year in September, and (b) power shortages are expected this winter in China.

http://english.peopledaily.com.cn/90778/7619115.html

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20111021000048&cid=1102

I know the government price controls are hampering power companies, which are hemorrhaging money, and are hurting consumers too with sporadic power outages. Something’s gotta change.

Back to learning from others’ mistakes: Don’t try this at home: Herman Cain’s proposed 9-9-9 tax. So, we’re going to help the country by drastically cutting taxes for the rich, therefore drastically increasing the deficit, and help the poor by boosting their gasoline and grocery bills?

Only in America…