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New China: The trivializing power of money

New China: The trivializing power of money

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http://www.bbc.co.uk/news/business-13346599

So, same old same old. As soon as people get rich
they tend to become vain and buy worthless things
such as watches, paintings, and jewelry.

The day luxury brands disappear for lack of buyers,
it means this world has hope.

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Originally posted by Seitse

The day luxury brands disappear for lack of buyers,
it means this world has hope.
Seems more like it would mean the world had nothing but poor people in it with no hope.

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They are going to piss away all that money unwisely and China will never catch up to the USA for this reason. Our munchkins will figure out a way to get that money back without it going to pay national debt. Their munchkins (except the few favored ones at the top) will come here and join ours.

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Originally posted by AThousandYoung
They are going to piss away all that money unwisely and China will never catch up to the USA for this reason. Our munchkins will figure out a way to get that money back without it going to pay national debt. Their munchkins (except the few favored ones at the top) will come here and join ours.
Take a Toyota Camry, remove the Toyota badge, replace it with a Lexus badge, add $10K to the price, and wait.

A sucker will waltz onto the lot and buy.


Put a BMW logo on a car, and all manner of fools will pay a premium. I don't really know why. The cars don't really have much more (and in some cases less) than your average Nissan Altima, say, but boobs lap them up. I honestly can't tell the difference between BMWs and Audis until I can see the logo.

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We could probably sell them jewelry and clothes made in their own sweatshops by their own people for fifty times the cost of manufacture without ever being physically involved in any part of the process.

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Originally posted by AThousandYoung
We could probably sell them jewelry and clothes made in their own sweatshops by their own people for fifty times the cost of manufacture without ever being physically involved in any part of the process.
That's genius.
That's even better than the people that sell Americans a bottle of water for 2 dollars.

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Originally posted by Zapp Brannigan
That's genius.
That's the essence of end-stage capitalism.