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The author espouses this economic knowledge on his twitter feed: "Never could have guessed from the name that the Communist Party of Chi...

The author espouses this economic knowledge on his twitter feed: "Never could have guessed from the name that the Communist Party of China wouldn't be all that interested in having a credible stock market." That's all you need to know about reading this article. This entire piece is relatively baseless. It's relatively trivial to say "If trends had continued in a straight line, things would be different, but they didn't, so they aren't." Also, talking about average household income is a waste of time. Talking about average anything when you are talking about the working class is foolish. The average net worth of a household is five times the median. The demand for automation slowed precisely because the demand for labor plummeted. That's the exact same thing as saying "The demand for oil plummeted because the cost of relative demand for natural gas plummeted." Reading this article was a waste of time.

Posted by debacle on Jul 27, 2015, 7:36 PM

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The author espouses this economic knowledge on his twitter feed: "Never could have guessed from the name that the Communist Party of Chi...

debacleJul 27, 2015, 7:36 PM

The author espouses this economic knowledge on his twitter feed: "Never could have guessed from the name that the Communist Party of China wouldn't be all that interested in having a credible stock market." That's all you need to know about reading this article. This entire piece is relatively baseless. It's relatively trivial to say "If trends had continued in a straight line, things would be different, but they didn't, so they aren't." Also, talking about average household income is a waste of time. Talking about average anything when you are talking about the working class is foolish. The average net worth of a household is five times the median. The demand for automation slowed precisely because the demand for labor plummeted. That's the exact same thing as saying "The demand for oil plummeted because the cost of relative demand for natural gas plummeted." Reading this article was a waste of time.

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