Understanding China, One Blog at a Time

An American in China

Comment on China’s Impending Problems

Posted by w_thames_the_d on October 22, 2011

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.



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…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: