[QUOTE=ScottyWired;40190456]Because it's a crucial product, something people will buy regardless like power or water or milk.[/QUOTE]
It's crucial as of right now. But people will eventually phase it out. You can even see it now. Look how fuel efficient cars are becoming because of the rising gas prices. Give it a couple decades, I bet we'll phase out gasoline as a fuel source for our cars.
[editline]7th April 2013[/editline]
In other words, they're accelerating the end of petrol fuel by rising the prices to the point that people try everything they can to make the rising prices less of an impact.
Funny how innovation through the free market and basic regulation is fixing the problem.
Now if only China would stop industrializing and let petrol prices drop.
[QUOTE=Rangergxi;40190713]Funny how innovation through the free market and basic regulation is fixing the problem.
Now if only China would stop industrializing and let petrol prices drop.[/QUOTE]
Why should they stop? They have every right to develop.
[QUOTE=Sobotnik;40190844]Why should they stop? They have every right to develop.[/QUOTE]
The problem is their almost complete disrespect for the environment, and the individual wishing to live in a slightly more traditional fashion.
But hey, cheap goods all around.
[QUOTE=Van-man;40203884]The problem is their almost complete disrespect for the environment, and the individual wishing to live in a slightly more traditional fashion.
But hey, cheap goods all around.[/QUOTE]
How do you mean living in the traditional fashion?
China has lifted half a billion people out of poverty, and is starting to pass legislation to curb the excesses of pollution. Plus they are now embarking on cleanups and various environmental projects.
[QUOTE=Sobotnik;40203909]How do you mean living in the traditional fashion?
China has lifted half a billion people out of poverty, and is starting to pass legislation to curb the excesses of pollution. Plus they are now embarking on cleanups and various environmental projects.[/QUOTE]
Little bit late on those.
It's like they haven't learned of the mistakes made during industrialization in the west.
Also confiscating farmers land and giving them chump change in compensation, not to mention rampant corruption.
[QUOTE=Van-man;40203995]Little bit late on those.
It's like they haven't learned of the mistakes made during industrialization in the west.[/quote]
How else is a country to industrialize? Renewable energy sources are horrifically weak and unable to fuel the rapid growth of a country. Nuclear is a good one, but the shortfall needs to be made up by fossil fuels because the capabilities of nuclear power and renewable power sources are incredibly limited for an industrializing country of over 1 billion.
[quote]Also confiscating farmers land and giving them chump change in compensation, not to mention rampant corruption.[/QUOTE]
This is what also happened in the west. The corruption is declining as the Chinese state reforms itself (which they are currently doing) and free market reforms are starting to cut down on their bureaucracy too.
Plus the confiscation of farmers land part. Their land is already declining in value, and (thanks in part to the west subsidizing all their fucking farmers) they can't compete with foreign agriculture or more efficient farmers.
What we are seeing is basically 18th century England in 21st century China. The economic pressures to move to the cities are strong enough to make people willing to move out of their failing farms.
I'd prefer making ipads for $5 a day, than to live on $2 in a depopulating rural village.
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