Maybe I didn't got it, but is he really saying "Because China grew better and has less infrastructure, this means Infrastructure is not important to growth" ???
(The rest of the argument pairs seem to follow the same fallacy)
What a poorly constructed argument by Yasheng Huang! If that was the case, how was India was the wealthiest civilization historically? According to economic historian Angus Maddison in his book "The World Economy: A Millennial Perspective", India had the world's largest economy from the first to the 18th century, with a 32.9% share of world GDP in the 1st century to 28.9% in 1000 AD, and in 1700 AD with 24.4%. There should be no argument about who is more intelligent.
"India conquered and dominated China culturally for 20 centuries without ever having to send a single soldier across her border."
- Hu Shih, Former Ambassador of China to the USA
This comment was marked as spam! ALL THOSE PEOPLE WHO ARE SICK OF CHINESE PROPAGANDA, PLEASE COPY AND PASTE THIS COMMENT WHEREVER POSSIBLE!! I AM SICK OF CHINESE PROPAGANDA!
And what will happen when the CHiense People will put his regime in question ? Nowadays, he iss only tolerated because of its economic success but it won't last forever.
When a revolution will occur, the economic consequences will be terrible for China.
This looks like an issue of micromanagement. The more the top tries to micromanage the bottom, the more inefficient things are. Liberalization allows towns to manage themselves where the situation is different from other towns and as such the towns can be more efficient.
@159357123100 Comments made here show that most people who comment on Youtube lack an education on how to type in English properly. This reflects a low level of IQ. Have fun living the rest of your life in ignorance.
@Sakredlight Do u mean that science is ignorant? Say this to those scientists who made this conclusion :" Indian has an average low IQ of 85." They are SCIENTISTS, and U R jst a jokk. LOL
Indians are infinitely more intelligent than Chinese. Just look at India's inventions and discoveries and look at China's! Shut your trap or I am calling the Japanese!
@MrSeekerofjustice chinese are various from place to place. i dont hate japanese at all. And also, its a FACT that Chinese has a higher average IQ than Indian which has been proved by thousands of researches done by west scientists, not Chinese scientists. So, I highly suggest u to go through this lecture again and again to figure out what points this economist is actually making. then u may find that it is not neccessary to make hatred comments.
There was just one report regarding "IQ and race" and it was universally panned and ridiculed! The intellectual contribution of India is unmatched!! Look it up, bruce! it is helpful to know these things before you try to overcompensate for the UTTER humiliation meted out to you Chinese people by the Japanese during the Rape Of Nanking! India's inventions and discoveries form the very basis of human existence and survival!! read up about it! tan!
@MrSeekerofjustice There are differences between different races. its undeniable fact. Blacks run faster. and indian people have a low level of IQ, average of 85. Those west scientists have significant statistical data to support these arguments. so what do you have? you have NOTHING. On one hand you keep saying that indian are more intellengent than Chinese admitting the difference between races. On the other hand, you said that those researches are "ridiculed." too naive, kid.
INDIA'S INTELLECTUAL CONTRIBUTION IS MORE THAN EVERY OTHER CIVILIZATION COMBINED!! Where are China's inventions and discoveries to back up your claim???? India was the centre of the world for ALL of human history up until and including the 18th century! Stop over compensating for the utter humiliation meted out to you by the Japanese during the Rape of Nanking!
The idea that it stifles LESS than a communist dictatorship is still probably true.
Democracy is tyranny. Fighting for democracy is not a worthy cause. Fighting for a clear and fair debate to DEBATE democracy is a worthy cause, and should not simply be done every four or five years.
China started developing in 1979, practically the 80s, it was a 10 yr head start not a 20 yr head start. get your facts straight before you harp on about the pathetic excuse that is India; as Yasheng Huang said, democracy is NOT hindrance or are you that stupid that you can't understand english comprehension?
you must be some new level of retard: you were proven wrong regarding China's "20 year start" China started developing in 1979, it's there for historical record fucknut.
of course, if someone as retarded as you can't count the number of years in a decade that's of no concern to me.
The issue here is if the needs of many outweigh the few? Displacement of relatively few people is not a big issue when you are not personally affected. Democracy considers the need of the individual. Sure governments can get more done faster when you dont consider the needs of the few and are above the law. I suggest that social welfare is a missing basic human need in China. Shiney (polluted) new Cities are not the basis for progress. Good luck in the longer term China.
Railways in India were first built to serve the outside world. This happened in most other colonies as well. Infrastructure built to bleed a nation dry of its resources cannot be compared with infrastructure built to integrate its internal market or to connect remote areas.
@advogadohistoriador What do you thing the Chinese infraestructure is built for? To make life easier on Chinese to move around!? It's simply to support production and exportation.
@JAMamation Meh. Keeping the videos non-HD allows them to be viewed more easily on slower computers, keeping them accessible to us peons. I'm for it; buffering can take ages for me.
I don't know how old this talk is but he doesn't seem to be using the most recent GDP data. According to IMF statistics for GDP calculated according to expenditure, India has outperformed China by 0.16%.
If you see the video, he says that China has always maintained an advantage over India in GDP growth. He also referenced some GDP data from 2006-2008 if I am not mistaken. Later he goes on to state that comparing India to China is like comparing any NBA player to Michael Jordan. My point is this. India is not just "Any NBA player" anymore. The notion of India being a Growth Disaster doesn't arise.
i am sure that the skyline of Mumbai is not worse than the one of Shanghai and i am also sure that there are just similar slums of underpaid workers in Shanghai just as in india slums inhabited by poor people
I think boom economies depend on the hoard mentality - capital ( money ) moving from one country to the next once the economical world has made up its mind it will happen, and the country to boom has put forward likeable plans
Key points & graphs 00:55 -- starts main point 02:30 -- "the infrastructure argument" 06:45 -- a tale of two GDPs 08:10 -- East Asian authoritarian models 09:35 -- authoritarianism (dependent variable) 10:38 -- independent variable? human capital. literacy. 11:51 -- life expectancy 14:15 -- China's 1990s: economic then political reform 16:00 -- India's 1990s: political along with economic growth 17:10 -- comparisons of growth 17:45 -- egalitarian culture vs. strong institutions
Now learn this definition of democracy from China! What a shit! Mr. Huang - misinterpreting the statistics and saying the same thing again and again do not make it a truth...
oh, it reminded old times in Soviet Union, the problems I had with this idiot: China became such a success because of stupid Americans. Secondly, if their success is sustained with the help of dictatorship (I don't know how to call it else, if I say strong government influence, countries like Sweden or Norway come in my mind, China is far from the latter), the quicker it will fall apart. Look what happened with us when USSR fall apart! The same will happen with China, sooner or later.
@MultiRationale Your ignorance is pretty impressive. CCP Chairman, or the leader of the Chinese government, is elected by the people's representatives of the party. Hu is stepping down and a new chairman has already been chosen to fill in the spot next year. Also, there is also a prime minister sharing the power and government affairs. China is definitely not democratic but it isn't dictatorship either. At least it doesn't have a f**king emperor or a fat, old queen like Japan and England.
I never mentioned about China being a dictatorship. The reasons as to why China would fall under a ruthless dictator someday is exactly because of the things you mentioned.
Yea, thats totally why all the worlds major economies are failing right now. TOO MUCH freedom. So the presence of a strong civil society means nothing in the face of the ever-so-wise central government? How is this guy NOT a spy?
Democracy stifles economic growth because it raises the time preference of people and eats into the supply of capital by creating a tragedy of the commons in regards to governing. Hans-Hermann Hoppe has made this abundantly clear in his book Democracy: The God That Failed.
This this good example of chinese thinking. This guy made lot of analysis and comparision between india and china. In the end he thinks that china is super star(introvert).
Pls note that u can not compare india with china . Because india is sub continent with various languages and cultures. Don't ever think like communist. And careful before making comments on india - at the end i felt that the speaker knows nothing abt india and its diversity
I believe China has not been tested yet. It will have to go through its own recession and survive it. With 400 million very poor farmers, China is in for a real stress test in the near future.
We must be aware, the financial rulers will do ANYTHING for growth... We must open our eyes now to our fake democracies,we are not slaves for bankers and politicians! take wall street on september 17th! take the streets on October 15th!! lots of love to everyone. The WORLD revolution has started!!! yaaaaay
my race will always rule the world, asia and africa will win, england also had the largest empire in the world, we dominate the world and have colonies i.e. canada usa south africa australia nz japan
@oEDLIo While that has curbed some of the hungry mouths to feed it can just as easily come back to bite China in the ass. What happens when a majority of the Chinese population is retirees and not enough children were born to take their place in the huge Chinese manufacturing juggernaut?
@what77777 How do you adjust to a lack of a human work force? The only solution to that problem would be more automation. However that would undermine one of the biggest advantages that China possesses and which allows it to manufacture at such low prices - Cheap labor! I'm not saying that the problem is inoperable but it will definitely be a significant issue.
Also authoritarian government and almost-across-the-board public holdings means slower growth of the private sector.
@what77777 I agree that an authoritarian government means nimble adjustments without having to bother about public opinion, but that also has its downsides. The competition between strictly the economies of the two countries would be a much closer affair if the Indian government could get its head out of its ass long enough to sniff the change in the air around. Let me put it this way - China is progressing because of its government, India is progressing despite its government.
@what77777 A comparison between democracy and a semi-communist rule would be fair only if you compared China with a country that actually has a functioning and sensible government. India's democracy is like a child with down's syndrome on crack.
@vdoslave87 What happen, when the Chinese children that are born, doesnt want to take part in the manufacturing jubbernaut anyways? And how long will the chinese people work in those conditions they do, and with that pay?
@vdoslave87 still, statistics show reductions in child pr mother greatly increases national longevity and childhood health. It also increases the education level, and economic outlook.
GDP pr capita increases as children pr mother converges around 2.
The effect of the old age wave will soon be clearly visible in europe, as children pr couple is below 2 in many countries, and the population is only kept up by imigration (and a low percentage of large families).
@gulllars I agree that a smaller population/controlled population in this case will be a benefit in the long run. But India has 60% of its population below the age of 50 and ~35% below 14. Imagine the consumer boom that is waiting to happen! China is reaching the plateau on its growth curve, India is still in the exponential phase.
Also, China is more dependent on exports than India. China consumes 37% of its own produce, India consumes 58% of its own. So China is dependent on western markets
@vdoslave87 i see your point, but that requires an actual and large scale investment in production in india. If this does not happen, the result there will just be more poverty, or a prolonging of the poverty.
My response was mainly about population control affecting china in a bad way, and that i expect it to be a net positive in the near to mid future, and not really a big problem in the far future if retirement age is adjusted for life expectancy. This is something europe needs to do soon.
@gulllars Yes that is true. All the Indian people can hope is that the Indian government gets its head out of its ass soon and gets its act right. If not actually contribute to the progress, then at least stop being a hindrance to the private sector.
As far as the population demographics go, I agree that retirement age is one possible solution.
@vdoslave87 while this is a very unpopular sollution (retirement age), it's a realistic one, and logical when you consider the history of retirement.
The retirement age has been largely unchanged the past century, and started out higher than average life expectancy. It was also a necessary sollution for manual labour, where workers often literally had worn their bodies out by the time they got to retirement.
The sollution for the future needs to be closer to current disability pension.
@ebusdk possible but unlikely since the majority of the chinese population do not speak english (or any other foreign language for that matter). Also, India and China are still fairly wary of each other, so Indian unskilled labor would hesitate to make that change. Don't forget, the production boom in India is yet to take off.. once that happens indian unskilled abor may not need to look outside for work.
@RarewareLover flip side of the same coin - I am asking what happens to razor thin Chinese margins when the labor costs go up? What happens to those margins if the rmb gets revalued in the near future?
@vdoslave87 That problem is solved by immigration of young people into the future capital intensive China. Chinese wages will go up as low-skilled manual labor is replaced by fewer high-skilled (albeit aging) workers. Don't get me wrong though, I don't support population control.
@oEDLIo Mind-control of the population, is another. My bet is; China will soon start to wobble, when the workers start realizing the fact that they are creating the dream, without harvesting the fruit. The government are taking to much advantage of them.
@oEDLIo Population control only has a relative effect on per capita income. In terms of GDP, India should still be better. But I guess democracy sucks.
@manilaenglish Pray, what statistics do you speak of? Many of the points he has put forwards are valid and logical thus far. My credibility is as a person of Indian origin, for purposes of a retaliation.
India has crippled itself. Largest democracy in the world, yes....however, also one of the most corrupt, inefficient and even fairly undemocratic among a range of individual reasons based within country.
@adityaindia93 You're from India? I supposed that means statistically speaking we can't hold your level of education in high regard. Not that I am blaming you for your governments inability to educate its population. The majority of Americans aren't well educated either.
We are talking about India and China. Guess which country is A and which is B. You would think that it is China but in fact it is a random country that I picked just because the number on this topic are what I want them to be.
@manilaenglish He spoke of those countries in context to his main argument. He argued wether democracy stifled economic growth, and mainly used India and China as his subject matter. However, when it came to those "country A and country B" statements, realise that he did infact use the Soviet Union and Pakistan. The Soviet Union was a communist state, as was China in that period (and continues to be today). Similarly, Pakistan is a democracy. Notice how he compared the Soviet Union and China and
@adityaindia93 He used Pakistan and the Soviet Union only because he liked the numbers. He unsuccessfully tried to manipulate the audience by cherry picking figures to fit his belief. His argument did more to persuade me that democracy is a hindrance to economic growth rather than a catalyst. The superstar economy, that is China, is a superstar because of central planning and careful, controlled growth. If you want to be a superstar then you must do what the superstar does.
Pretty weak presentation and very narrow. And for the record, there are no democracies currently on this planet. There are republics of a sort with democratic processes but no democracy actually exists and I'm not just being snide. Check your definition of democracy.
How come US and EU have been doing well with proper democratic procedures and capitalism for hundreds of years. Isnt this a way to 'rationalise' socialism and not resorting to democracy ?
All datas have dramatically changed now, life expectancies, primary education has overwhelmingly improved. Education is a fundamental right in India. Enrolment ratio is over 95% in primary education..India's approach is of gradualism,lets see when the China bubble explodes !
China has a huge growth because every country in the world uses china factories for their products, having the cheapest workers, and working harder than any other.
@frilink lol. u r probably right, but i think the reality is that skin color doesnt matter. the super rich are one big group and they control the economies and mostly governments. if some asian becomes super rich, he would join that elite group. (takes off the tin foil hat!)
This is why I love TED so much. People from all over the world who know what they are talking about. See how he didn't take one example to make his point ? Yeah, loved it.
i hope one day democracy will self sustain its command to move up the people's right to live among the best state comparing the world conditions.. i wish we all learn and grow each other irrespective of the filthy fault of disgraced inhumanity...
This whole talk is based on the assumption that the free market system works for all people, is fair to all people, and economic growth is the best thing that will take care of all people.It doesn't. That's clear if you're examining the evidence.
Collaboration and cooperation is a far more potent force for getting things done than mere isolation, or immature competition. Competing nations for economic dominance will surely destroy us all because it disregards natural principles.Unsustainable.
Economic growth is an oxymoron, it's incompatible with any REAL economy. It's like: "Insanity: doing the same thing over and over again and expecting different results".
@AssyrianRebel1 Find the word "economy" in a dictionary and see what it really means and then compare it to the chaos we have in the world today. Economic growth is a made up thing that only apply to the political minds not reality. You cannot have something like "economic growth" in a world with finite resources. Real economy is about balancing not growth. It's all a mindgame.
@kaxitaksi While I agree that the current state of affairs is rife with manipulation, I disagree that real economy would not have growth
Perhaps in a world where our finite resources would be used in specific unchanging ways then you would be correct. But consider innovations like the steam engine or the computer chip. In these cases we took resources we had and put them to vastly more productive uses than was previously the case. Thus casing growth. Capital becomes more efficient / productive
@AssyrianRebel1 This is actually not the case. What you refer to is a scientific and a technological achievement and would be possible without a monetary system, more than possible. You need to take a real good look at what our monetary system are doing to this society and what it's not doing. It's actually hindering real progress and thus "economical growth" is just a measurement and a severe flawed one and not really something tangible at all. watch?v=_btXktBTEi8&feature=feedu
@AssyrianRebel1 If there is something called "economical growth", why does not all ppl benefit from it? And why is it so important to maintain such an idea when ppl just are not benefits from it? The only thing thats growing are the profits of big corp and the riches bank accounts nothing else. Then u probably say, but we have enhanced standard of living and we are so much better off than hundreds of years ago. True, but thats only because they can't keep their slaves living in.. (cont)
@AssyrianRebel1 fifteen century conditions and keep the game goin. If there was EG everyone would benefit from it and we would all be rich and all that, but we are not. It's an obselete idea with no bearing in real world and real economy, it's an idea that the corp and riches wish to enhance to keep this insane system goin becuase THEY benefit from it. Why change that? ;)
Maybe I didn't got it, but is he really saying "Because China grew better and has less infrastructure, this means Infrastructure is not important to growth" ???
(The rest of the argument pairs seem to follow the same fallacy)
immanuelscholz 2 months ago
someone tell this jackie chan to shut up
TheDesiboy088 3 months ago
This has been flagged as spam show
What a poorly constructed argument by Yasheng Huang! If that was the case, how was India was the wealthiest civilization historically? According to economic historian Angus Maddison in his book "The World Economy: A Millennial Perspective", India had the world's largest economy from the first to the 18th century, with a 32.9% share of world GDP in the 1st century to 28.9% in 1000 AD, and in 1700 AD with 24.4%. There should be no argument about who is more intelligent.
MrSeekerofjustice 3 months ago
This has been flagged as spam show
"India conquered and dominated China culturally for 20 centuries without ever having to send a single soldier across her border."
- Hu Shih, Former Ambassador of China to the USA
This comment was marked as spam! ALL THOSE PEOPLE WHO ARE SICK OF CHINESE PROPAGANDA, PLEASE COPY AND PASTE THIS COMMENT WHEREVER POSSIBLE!! I AM SICK OF CHINESE PROPAGANDA!
smirkonmyass 3 months ago
This has been flagged as spam show
"India conquered and dominated China culturally for 20 centuries without ever having to send a single soldier across her border."
- Hu Shih, Former Ambassador of China to the USA
HA!!! SO MUCH FOR CHINESE PROPAGANDA!
smirkonmyass 3 months ago
This has been flagged as spam show
"India conquered and dominated China culturally for 20 centuries without ever having to send a single soldier across her border."
- Hu Shih, Former Ambassador of China to the USA
MrSeekerofjustice 3 months ago
And what will happen when the CHiense People will put his regime in question ? Nowadays, he iss only tolerated because of its economic success but it won't last forever.
When a revolution will occur, the economic consequences will be terrible for China.
AtomicSushi92130 4 months ago
This looks like an issue of micromanagement. The more the top tries to micromanage the bottom, the more inefficient things are. Liberalization allows towns to manage themselves where the situation is different from other towns and as such the towns can be more efficient.
LudicrousTachyon 4 months ago
infrastructures are as important as internets
siflrock 4 months ago
@siflrock without infrastructure no internet. Not the other way around
rakketakke 4 months ago in playlist Meer video's van TEDtalksDirector
@rakketakke you missed the joke im afraid
siflrock 4 months ago
@siflrock not anymore ;p
rakketakke 4 months ago
Comments here shows that most indian cannot understand the points Yasheng Huang made due to lack of education or more directly - a low level of IQ.
159357123100 4 months ago
@159357123100 Comments made here show that most people who comment on Youtube lack an education on how to type in English properly. This reflects a low level of IQ. Have fun living the rest of your life in ignorance.
Sakredlight 4 months ago
This has been flagged as spam show
@Sakredlight Do u mean that science is ignorant? Say this to those scientists who made this conclusion :" Indian has an average low IQ of 85." They are SCIENTISTS, and U R jst a jokk. LOL
159357123100 3 months ago
@159357123100
Indians are infinitely more intelligent than Chinese. Just look at India's inventions and discoveries and look at China's! Shut your trap or I am calling the Japanese!
MrSeekerofjustice 3 months ago
This has been flagged as spam show
@MrSeekerofjustice chinese are various from place to place. i dont hate japanese at all. And also, its a FACT that Chinese has a higher average IQ than Indian which has been proved by thousands of researches done by west scientists, not Chinese scientists. So, I highly suggest u to go through this lecture again and again to figure out what points this economist is actually making. then u may find that it is not neccessary to make hatred comments.
159357123100 3 months ago
@159357123100
There was just one report regarding "IQ and race" and it was universally panned and ridiculed! The intellectual contribution of India is unmatched!! Look it up, bruce! it is helpful to know these things before you try to overcompensate for the UTTER humiliation meted out to you Chinese people by the Japanese during the Rape Of Nanking! India's inventions and discoveries form the very basis of human existence and survival!! read up about it! tan!
MrSeekerofjustice 3 months ago
This has been flagged as spam show
@MrSeekerofjustice There are differences between different races. its undeniable fact. Blacks run faster. and indian people have a low level of IQ, average of 85. Those west scientists have significant statistical data to support these arguments. so what do you have? you have NOTHING. On one hand you keep saying that indian are more intellengent than Chinese admitting the difference between races. On the other hand, you said that those researches are "ridiculed." too naive, kid.
159357123100 3 months ago
@159357123100
INDIA'S INTELLECTUAL CONTRIBUTION IS MORE THAN EVERY OTHER CIVILIZATION COMBINED!! Where are China's inventions and discoveries to back up your claim???? India was the centre of the world for ALL of human history up until and including the 18th century! Stop over compensating for the utter humiliation meted out to you by the Japanese during the Rape of Nanking!
MrSeekerofjustice 3 months ago
@MrSeekerofjustice
There is no point in arguing with trolls like 159357123100. Just report his comment!
Yeahright59643 3 months ago
@MrSeekerofjustice where are chinese invention?? wow how ignorant of you. even wikipedia can give you a long list ;) Indian pride huh? ;)
vivspring 1 week ago
@MrSeekerofjustice
LCA V.S J-20
xuzheng712 3 months ago
This has been flagged as spam show
Democracy does stifle.
The idea that it stifles LESS than a communist dictatorship is still probably true.
Democracy is tyranny. Fighting for democracy is not a worthy cause. Fighting for a clear and fair debate to DEBATE democracy is a worthy cause, and should not simply be done every four or five years.
Elephantintheroom01 4 months ago
Comment removed
Elephantintheroom01 4 months ago
The biggest mistake we are making america is not properly investing in education. This complacency will lead to our end.
Bledar11 4 months ago in playlist More videos from TEDtalksDirector
people give the government power not the other way around
death0note0owner08 5 months ago
i under stand where coming from but too put some much power into the hand of the government well come back on them
death0note0owner08 5 months ago
The idea was initially challenging, which is good. The argument, is HORRIBLY bad for humanity. And the details he used to explain, were VERY faulty.
dark86moon 5 months ago
This video is a disgrace. Next TED will allow a creationist up to explain Evolution.
Jmckeon23 5 months ago
Dishonest. China's economic liberalization happened in the 70s, India's in the 90s. So China had a 20 year head start.
Yes democracy can be hindrance, but assuming that your tyrannical govt will be competent, is a huge gamble.
H1TMANactual 5 months ago in playlist More videos from TEDtalksDirector 11
@H1TMANactual
excuses, excuses
China started developing in 1979, practically the 80s, it was a 10 yr head start not a 20 yr head start. get your facts straight before you harp on about the pathetic excuse that is India; as Yasheng Huang said, democracy is NOT hindrance or are you that stupid that you can't understand english comprehension?
hanktemplar 3 months ago
@hanktemplar Facts are not excuses dumb shit. And repeating democracy is not a hindrance over and over again doesn't make it true. Try again retard.
H1TMANactual 3 months ago
@H1TMANactual
you must be some new level of retard: you were proven wrong regarding China's "20 year start" China started developing in 1979, it's there for historical record fucknut.
of course, if someone as retarded as you can't count the number of years in a decade that's of no concern to me.
hanktemplar 3 months ago
@hanktemplar Actually it's 1978. And when did India's start? Privatization started in the mid 90s. That's pretty close to 20 years. Try again retard.
H1TMANactual 3 months ago
@H1TMANactual 20yrs... a good excuse, huh?
"If we clean the sht quicker and start 20years earlier, we can beat you Chinese!"
"If we did not have the culture revolution, our economy size may has surpassed the U.S. and we can kick westerner's ass"
159357123100 3 months ago
This has been flagged as spam show
00:15 start of talk
stgnnn 5 months ago
Comment removed
BestestMoron 5 months ago
The issue here is if the needs of many outweigh the few? Displacement of relatively few people is not a big issue when you are not personally affected. Democracy considers the need of the individual. Sure governments can get more done faster when you dont consider the needs of the few and are above the law. I suggest that social welfare is a missing basic human need in China. Shiney (polluted) new Cities are not the basis for progress. Good luck in the longer term China.
scity0032 5 months ago
Are there any other talks similar to this one?
xKurogashi 5 months ago
Railways in India were first built to serve the outside world. This happened in most other colonies as well. Infrastructure built to bleed a nation dry of its resources cannot be compared with infrastructure built to integrate its internal market or to connect remote areas.
advogadohistoriador 5 months ago
@advogadohistoriador What do you thing the Chinese infraestructure is built for? To make life easier on Chinese to move around!? It's simply to support production and exportation.
ferrabras 5 months ago
China is a superstar of economic growth because they were a century ago when they started growing. They still haven't catch up with the rest of us.
salahhe 5 months ago
his accent is fantastic
TheGamerDrone 5 months ago
Excellent!
1JAMROCK1 5 months ago
Very good talk, I'm going to go read his book now.
fsufan850 5 months ago
ლ(ಠ益ಠლ) TED
Y U NO HD YET!!?
JAMamation 5 months ago 16
@JAMamation Meh. Keeping the videos non-HD allows them to be viewed more easily on slower computers, keeping them accessible to us peons. I'm for it; buffering can take ages for me.
Kojak7snap 5 months ago
@JAMamation Love the emoticon, though!
Kojak7snap 5 months ago
@JAMamation Not that it matters...
Elephantintheroom01 4 months ago
Comment removed
ramakradi 5 months ago
I don't know how old this talk is but he doesn't seem to be using the most recent GDP data. According to IMF statistics for GDP calculated according to expenditure, India has outperformed China by 0.16%.
India's GDP Growth Rate- 10.465%
China's GDP Growth Rate- 10.300%
India is definitely not a "Growth Disaster".
ramakradi 5 months ago
@ramakradi he's explaining why china is growing faster in the early days and also he didn't say india is a growth disaster 17:00
Theiammadmad 5 months ago
@Theiammadmad
If you see the video, he says that China has always maintained an advantage over India in GDP growth. He also referenced some GDP data from 2006-2008 if I am not mistaken. Later he goes on to state that comparing India to China is like comparing any NBA player to Michael Jordan. My point is this. India is not just "Any NBA player" anymore. The notion of India being a Growth Disaster doesn't arise.
ramakradi 5 months ago
China is a rich country now.
michaeldeng1981 5 months ago
i am sure that the skyline of Mumbai is not worse than the one of Shanghai and i am also sure that there are just similar slums of underpaid workers in Shanghai just as in india slums inhabited by poor people
egorka2201 5 months ago
@egorka2201 We're not talking about outliers and individual people. The discussion was about norms and averages.
GambitFox79 5 months ago
You lost me at "you cannot respect private property rights ..."
takashijoh 5 months ago
@takashijoh keep crying
FIGHTFANNERD3 5 months ago
I think boom economies depend on the hoard mentality - capital ( money ) moving from one country to the next once the economical world has made up its mind it will happen, and the country to boom has put forward likeable plans
austpom333 5 months ago
"Democracy is a pathetic belief in the collective wisdom of individual ignorance" - H.L. Mencken
truevoice08 5 months ago 2
China's economic growth is not all real. Look up China's Ghost cities.
jivenesspie 5 months ago
@jivenesspie There are also places with 24% growth! It averages out in the aggregate measure. China is a large place.
truevoice08 5 months ago
This has been flagged as spam show
trailgazing 5 months ago 2
Now learn this definition of democracy from China! What a shit! Mr. Huang - misinterpreting the statistics and saying the same thing again and again do not make it a truth...
armitra 5 months ago
oh, it reminded old times in Soviet Union, the problems I had with this idiot: China became such a success because of stupid Americans. Secondly, if their success is sustained with the help of dictatorship (I don't know how to call it else, if I say strong government influence, countries like Sweden or Norway come in my mind, China is far from the latter), the quicker it will fall apart. Look what happened with us when USSR fall apart! The same will happen with China, sooner or later.
PR0H0LDEM 5 months ago
What an excelent Talk.
leonidasx666 5 months ago
"When will people learn, democracy doesn't work?" - Homer Simpson
2LegHumanist 5 months ago
Huh, this was an interesting topic. I enjoyed it.
kindofbluelove 5 months ago
You want shitty beef ?
Fuzzy192006 5 months ago
Again education is the keyword
woowcon 5 months ago
India's economic growth is simply a joke cuz the population growth went mad.
stephentsang2000 5 months ago
Sooner or later, China will fall under a unfit dictator.
MultiRationale 5 months ago
@MultiRationale Your ignorance is pretty impressive. CCP Chairman, or the leader of the Chinese government, is elected by the people's representatives of the party. Hu is stepping down and a new chairman has already been chosen to fill in the spot next year. Also, there is also a prime minister sharing the power and government affairs. China is definitely not democratic but it isn't dictatorship either. At least it doesn't have a f**king emperor or a fat, old queen like Japan and England.
Akayuki0328 5 months ago
@Akayuki0328
I never mentioned about China being a dictatorship. The reasons as to why China would fall under a ruthless dictator someday is exactly because of the things you mentioned.
MultiRationale 5 months ago
Comment removed
panniize 5 months ago
@panniize You didn't see it all, did you? That's exactly what he said.
GlueRman 5 months ago
@panniize finish watching the video before making any ignorant comments
krazzed101 5 months ago
The greatest advantage of China is devaluing their currency. Its easy to produce a lot when you agree to be a slave to the world.
Keeban3 5 months ago 3
What about China's ghost cities and the possible reprecautions of this in the very near future? I'm surprised he didn't touch on this topic.
Good talk nonetheless.
Mrmoc7 5 months ago
Yea, thats totally why all the worlds major economies are failing right now. TOO MUCH freedom. So the presence of a strong civil society means nothing in the face of the ever-so-wise central government? How is this guy NOT a spy?
4ta2r 5 months ago
Yeah yeah we get it.. Hitler was an effective leader than Churchill.. :-S
vpfaiz 5 months ago
please someone buy this guy book like "presentation zen" to improve his bullet point presentation. excellent speech, bad slide.
haeyoungsmu 5 months ago
this speech would have been funny if the guy speaking was Indian.
bubunisha 5 months ago
He needs to read That Which is Seen and That which is not seen by Frederic Bastiat.
harryinitiative 5 months ago
Democracy stifles economic growth because it raises the time preference of people and eats into the supply of capital by creating a tragedy of the commons in regards to governing. Hans-Hermann Hoppe has made this abundantly clear in his book Democracy: The God That Failed.
lawlkekbur 5 months ago
This this good example of chinese thinking. This guy made lot of analysis and comparision between india and china. In the end he thinks that china is super star(introvert).
Pls note that u can not compare india with china . Because india is sub continent with various languages and cultures. Don't ever think like communist. And careful before making comments on india - at the end i felt that the speaker knows nothing abt india and its diversity
ravkmr44 5 months ago
@ravkmr44 You're saying a lot, but at the same time it doesn't mean much.
DeliciosoChino 5 months ago
@ravkmr44 Speaking of ignorance, you seem to think China doesn't have various languages and cultures as well...
what77777 5 months ago
Insightful presentation by Dr Huang!
I believe China has not been tested yet. It will have to go through its own recession and survive it. With 400 million very poor farmers, China is in for a real stress test in the near future.
TheJaredtube 5 months ago
We must be aware, the financial rulers will do ANYTHING for growth... We must open our eyes now to our fake democracies,we are not slaves for bankers and politicians! take wall street on september 17th! take the streets on October 15th!! lots of love to everyone. The WORLD revolution has started!!! yaaaaay
hastalueguito 5 months ago
What is this democracy you speak of?
HectorL360 5 months ago
Dang this guy is actually damned smart.
ratholin 5 months ago
Is China having a cold war with India or something
EATshitanddrinkbleac 5 months ago
@EATshitanddrinkbleac -- both india and china are enemies
abh3092 5 months ago
@EATshitanddrinkbleac yes to some extent that's true
priyochatterjee1 5 months ago
my race will always rule the world, asia and africa will win, england also had the largest empire in the world, we dominate the world and have colonies i.e. canada usa south africa australia nz japan
Jimmyretired 5 months ago
When i read the title i thought to myself: "This guy is Chinese" .
And the the video started....
Quotes! " You can not respect private property rights", You can not be constrained by public opinions"
Why all the Bad talk about India ? And did he say chine is becoming more Democratic?! DEMOCRACY FTW!!!!!!
Boehoehuahoei 5 months ago
4:41 Did someone say Kruschev?
watch?v=S1XKW2woq0s
OpiatedBliss 5 months ago
BNP growth rate is such a narrow minded way to meassure progress...
BrixSnBs 5 months ago
Dragon vs. Elephant : That's a no brainer. Dragons are imaginary. Elephants are real. The real, beats the imaginary, every time!
MisterEvil1 5 months ago
All I got from this talk is that India sucks.
Koba82 5 months ago
@Koba82 India doesn't suck mate. They are making good, steady progress these years. =D
vesji 5 months ago
This has been flagged as spam show
@Koba82 India doesn't suck mate. They are making good, steady progress these years. =D
vesji 5 months ago
This guy reminds me of the Chinese owner of City Wok on South Park who kept bashing other countries.
MelkorHimself 5 months ago
"Why China surpassed India"
Control of the population growth is one of the biggest factors.
oEDLIo 5 months ago 12
@oEDLIo While that has curbed some of the hungry mouths to feed it can just as easily come back to bite China in the ass. What happens when a majority of the Chinese population is retirees and not enough children were born to take their place in the huge Chinese manufacturing juggernaut?
vdoslave87 5 months ago 20
@vdoslave87 Then they will adjustt accordingly because they can. Because they're authoritarian. That's the point.
what77777 5 months ago
@what77777 How do you adjust to a lack of a human work force? The only solution to that problem would be more automation. However that would undermine one of the biggest advantages that China possesses and which allows it to manufacture at such low prices - Cheap labor! I'm not saying that the problem is inoperable but it will definitely be a significant issue.
Also authoritarian government and almost-across-the-board public holdings means slower growth of the private sector.
vdoslave87 5 months ago
@what77777 I agree that an authoritarian government means nimble adjustments without having to bother about public opinion, but that also has its downsides. The competition between strictly the economies of the two countries would be a much closer affair if the Indian government could get its head out of its ass long enough to sniff the change in the air around. Let me put it this way - China is progressing because of its government, India is progressing despite its government.
vdoslave87 5 months ago
@what77777 A comparison between democracy and a semi-communist rule would be fair only if you compared China with a country that actually has a functioning and sensible government. India's democracy is like a child with down's syndrome on crack.
vdoslave87 5 months ago
@vdoslave87 What happen, when the Chinese children that are born, doesnt want to take part in the manufacturing jubbernaut anyways? And how long will the chinese people work in those conditions they do, and with that pay?
Ko252 5 months ago
This has been flagged as spam show
@Ko252 exactly my point
vdoslave87 5 months ago
@vdoslave87 still, statistics show reductions in child pr mother greatly increases national longevity and childhood health. It also increases the education level, and economic outlook.
GDP pr capita increases as children pr mother converges around 2.
The effect of the old age wave will soon be clearly visible in europe, as children pr couple is below 2 in many countries, and the population is only kept up by imigration (and a low percentage of large families).
Retirement age is a sollution.
gulllars 5 months ago
@gulllars I agree that a smaller population/controlled population in this case will be a benefit in the long run. But India has 60% of its population below the age of 50 and ~35% below 14. Imagine the consumer boom that is waiting to happen! China is reaching the plateau on its growth curve, India is still in the exponential phase.
Also, China is more dependent on exports than India. China consumes 37% of its own produce, India consumes 58% of its own. So China is dependent on western markets
vdoslave87 5 months ago
@vdoslave87 i see your point, but that requires an actual and large scale investment in production in india. If this does not happen, the result there will just be more poverty, or a prolonging of the poverty.
My response was mainly about population control affecting china in a bad way, and that i expect it to be a net positive in the near to mid future, and not really a big problem in the far future if retirement age is adjusted for life expectancy. This is something europe needs to do soon.
gulllars 5 months ago
@gulllars Yes that is true. All the Indian people can hope is that the Indian government gets its head out of its ass soon and gets its act right. If not actually contribute to the progress, then at least stop being a hindrance to the private sector.
As far as the population demographics go, I agree that retirement age is one possible solution.
vdoslave87 5 months ago
@vdoslave87 while this is a very unpopular sollution (retirement age), it's a realistic one, and logical when you consider the history of retirement.
The retirement age has been largely unchanged the past century, and started out higher than average life expectancy. It was also a necessary sollution for manual labour, where workers often literally had worn their bodies out by the time they got to retirement.
The sollution for the future needs to be closer to current disability pension.
gulllars 5 months ago
@vdoslave87 They will hire cheaper african/indian labor/service people
ebusdk 5 months ago
@ebusdk possible but unlikely since the majority of the chinese population do not speak english (or any other foreign language for that matter). Also, India and China are still fairly wary of each other, so Indian unskilled labor would hesitate to make that change. Don't forget, the production boom in India is yet to take off.. once that happens indian unskilled abor may not need to look outside for work.
vdoslave87 5 months ago
@vdoslave87 Are you asking what will happen will happen in such a scenario when there will be too many jobs in China?
RarewareLover 5 months ago
@RarewareLover flip side of the same coin - I am asking what happens to razor thin Chinese margins when the labor costs go up? What happens to those margins if the rmb gets revalued in the near future?
vdoslave87 5 months ago
@vdoslave87 workers can move to china. it wouldnt matter.
carlitosvodka 5 months ago in playlist More videos from TEDtalksDirector
@vdoslave87 That problem is solved by immigration of young people into the future capital intensive China. Chinese wages will go up as low-skilled manual labor is replaced by fewer high-skilled (albeit aging) workers. Don't get me wrong though, I don't support population control.
truevoice08 5 months ago
@vdoslave87 retirement in China..... BTW there are enough people in China, the jus need to be educated. It's just a matter of education.
ferrabras 5 months ago
@vdoslave87 Umm it's called saving for retirement.
H1TMANactual 5 months ago in playlist More videos from TEDtalksDirector
@oEDLIo Mind-control of the population, is another. My bet is; China will soon start to wobble, when the workers start realizing the fact that they are creating the dream, without harvesting the fruit. The government are taking to much advantage of them.
Ko252 5 months ago
@oEDLIo Population control only has a relative effect on per capita income. In terms of GDP, India should still be better. But I guess democracy sucks.
truevoice08 5 months ago
This has been flagged as spam show
what is use of success if you are living as a slave?
hiren2236 5 months ago
58% of statistics are made up on the spot
bhamel2000 5 months ago
Get Peter Schiff to speak to this on TED
bhamel2000 5 months ago
Comment removed
bhamel2000 5 months ago
It is more nuanced that how you depict it
bhamel2000 5 months ago
Boooo!!!!!!!!! Get off the stage!!!!!!!!!
manilaenglish 5 months ago
This guy is a lame cherry picker. Did he never study statistics?
manilaenglish 5 months ago
@manilaenglish Pray, what statistics do you speak of? Many of the points he has put forwards are valid and logical thus far. My credibility is as a person of Indian origin, for purposes of a retaliation.
India has crippled itself. Largest democracy in the world, yes....however, also one of the most corrupt, inefficient and even fairly undemocratic among a range of individual reasons based within country.
We are flogging a dead horse.
adityaindia93 5 months ago in playlist adityaindia93's Favorited Videos
@adityaindia93 You're from India? I supposed that means statistically speaking we can't hold your level of education in high regard. Not that I am blaming you for your governments inability to educate its population. The majority of Americans aren't well educated either.
We are talking about India and China. Guess which country is A and which is B. You would think that it is China but in fact it is a random country that I picked just because the number on this topic are what I want them to be.
manilaenglish 5 months ago
@manilaenglish He spoke of those countries in context to his main argument. He argued wether democracy stifled economic growth, and mainly used India and China as his subject matter. However, when it came to those "country A and country B" statements, realise that he did infact use the Soviet Union and Pakistan. The Soviet Union was a communist state, as was China in that period (and continues to be today). Similarly, Pakistan is a democracy. Notice how he compared the Soviet Union and China and
adityaindia93 5 months ago
@adityaindia93 He used Pakistan and the Soviet Union only because he liked the numbers. He unsuccessfully tried to manipulate the audience by cherry picking figures to fit his belief. His argument did more to persuade me that democracy is a hindrance to economic growth rather than a catalyst. The superstar economy, that is China, is a superstar because of central planning and careful, controlled growth. If you want to be a superstar then you must do what the superstar does.
manilaenglish 5 months ago
@manilaenglish and* Pakistan with India.
adityaindia93 5 months ago
Pretty weak presentation and very narrow. And for the record, there are no democracies currently on this planet. There are republics of a sort with democratic processes but no democracy actually exists and I'm not just being snide. Check your definition of democracy.
ZombieX13 5 months ago
All lame arguments !!
Shite..I can rationally justify all the points this stupid geek has raised in India's context !
guptaaks007 5 months ago
Freaking shit..
How come US and EU have been doing well with proper democratic procedures and capitalism for hundreds of years. Isnt this a way to 'rationalise' socialism and not resorting to democracy ?
All datas have dramatically changed now, life expectancies, primary education has overwhelmingly improved. Education is a fundamental right in India. Enrolment ratio is over 95% in primary education..India's approach is of gradualism,lets see when the China bubble explodes !
guptaaks007 5 months ago
China's stupid communism.
invinciblemode 5 months ago
@invinciblemode A communist state is an oxymoron. They are simply fascist authoritarians.
ZombieX13 5 months ago
China has a huge growth because every country in the world uses china factories for their products, having the cheapest workers, and working harder than any other.
bestplugins 5 months ago
We better start learning those 1500 chinese characters, because in maybe another 10 yrs when the USSA collapses, China will be the new superpower.
yourtube20061 5 months ago 5
@yourtube20061
I've heard that shit since like 10 years ago...........naaaah man, white people will always rule the economic world
frilink 5 months ago
@frilink lol. u r probably right, but i think the reality is that skin color doesnt matter. the super rich are one big group and they control the economies and mostly governments. if some asian becomes super rich, he would join that elite group. (takes off the tin foil hat!)
yourtube20061 5 months ago
This is why I love TED so much. People from all over the world who know what they are talking about. See how he didn't take one example to make his point ? Yeah, loved it.
ForYeensSake 5 months ago
i hope one day democracy will self sustain its command to move up the people's right to live among the best state comparing the world conditions.. i wish we all learn and grow each other irrespective of the filthy fault of disgraced inhumanity...
TheHamed310 5 months ago
This whole talk is based on the assumption that the free market system works for all people, is fair to all people, and economic growth is the best thing that will take care of all people.It doesn't. That's clear if you're examining the evidence.
Collaboration and cooperation is a far more potent force for getting things done than mere isolation, or immature competition. Competing nations for economic dominance will surely destroy us all because it disregards natural principles.Unsustainable.
rpm297 5 months ago
I guess the question is how much fake prosperity do you wish to conjure up with ghost cities and unused infrastructure?
You can have a lot of GDP growth with government run projects, how much of that actually benefits the ordinary Chinese person I have to wonder...
AssyrianRebel1 5 months ago
sounds a little pink to me...
preacherZer0 5 months ago
This has been flagged as spam show
Neat speech.*
AndyHaTalking 5 months ago
Neat, speech.
AndyHaTalking 5 months ago
Economic growth is an oxymoron, it's incompatible with any REAL economy. It's like: "Insanity: doing the same thing over and over again and expecting different results".
(Albert Einstein)
kaxitaksi 5 months ago
@kaxitaksi Care to elaborate?
AssyrianRebel1 5 months ago
@AssyrianRebel1 Find the word "economy" in a dictionary and see what it really means and then compare it to the chaos we have in the world today. Economic growth is a made up thing that only apply to the political minds not reality. You cannot have something like "economic growth" in a world with finite resources. Real economy is about balancing not growth. It's all a mindgame.
kaxitaksi 5 months ago
@kaxitaksi While I agree that the current state of affairs is rife with manipulation, I disagree that real economy would not have growth
Perhaps in a world where our finite resources would be used in specific unchanging ways then you would be correct. But consider innovations like the steam engine or the computer chip. In these cases we took resources we had and put them to vastly more productive uses than was previously the case. Thus casing growth. Capital becomes more efficient / productive
AssyrianRebel1 5 months ago
@AssyrianRebel1 This is actually not the case. What you refer to is a scientific and a technological achievement and would be possible without a monetary system, more than possible. You need to take a real good look at what our monetary system are doing to this society and what it's not doing. It's actually hindering real progress and thus "economical growth" is just a measurement and a severe flawed one and not really something tangible at all. watch?v=_btXktBTEi8&feature=feedu
kaxitaksi 5 months ago
@AssyrianRebel1 Capital are not procuctive at all, humans are..
kaxitaksi 5 months ago
@AssyrianRebel1 If there is something called "economical growth", why does not all ppl benefit from it? And why is it so important to maintain such an idea when ppl just are not benefits from it? The only thing thats growing are the profits of big corp and the riches bank accounts nothing else. Then u probably say, but we have enhanced standard of living and we are so much better off than hundreds of years ago. True, but thats only because they can't keep their slaves living in.. (cont)
kaxitaksi 5 months ago
@AssyrianRebel1 fifteen century conditions and keep the game goin. If there was EG everyone would benefit from it and we would all be rich and all that, but we are not. It's an obselete idea with no bearing in real world and real economy, it's an idea that the corp and riches wish to enhance to keep this insane system goin becuase THEY benefit from it. Why change that? ;)
kaxitaksi 5 months ago
Communism is better for a country progress and economy, but it's not really that good for some people(sadly mostly rich people).
2XocraM 5 months ago
This has been flagged as spam show
Technological unemployment is what is happening around the world. All these notions of "growth" or "full employment" are obsolete.
volunteersimplicity 5 months ago
Comment removed
volunteersimplicity 5 months ago