With bubbles bursting hither thither; and chaos and complete collapses upsetting the applecart of world economy,
Paradoxically yet, a few places on this planet have continued to amaze the rest of world with their unabashed growth,
The world manufacturing backyard, China, is one happy customer while the rest of world slug out at their economic perditions...
Aha! But how did they, the Chinese, get there where as the new prima donna, they equally beget adoration and abomination from the rest?
As Sherlock Holmes would say to Watson, “Elementary! My dear Watson”, the answer only lies in the simplest truth of Economics – create and exploit economic surplus,
The beeline formed, swelled and proliferated at the Chinese doorstep when word got out it couldn't get any cheaper than to source from here...
So, what’s that Chinese recipe for cook-off again? Firstly, make land cheap; that should be easy in China because there is no private ownership of land; that’s creating Land surplus,
Next, make labour very cheap; that’s easy again because the Chinese government keeps labour wages low; that’s wage surplus,
Lastly, keep the currency very low in value; that’s currency surplus and it completes the golden triad, and now for the kill – invite foreign capital in droves to set up their shops in China.
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