$1000 per household means jack shit when living costs are as low in china as they are. hey guess what, japanese or korean households earn much much less in absolute terms than american families, but their stuff is cheaper too. Are their countries poor?
About the solar power future, one of the research results I have heard from the people doing solar research (therefore probably biased) is that with 10% of current Nevada state covered with solar cells can essentially fulfill the power grid needs of US. I am not sure about the result, but one data for reference, current price of Monocrystalline silicon in market is with generally 14% POE. Price has dropped due to Si price from 450$/kilo to 70$/kilo around 2008,Oct.
The author is quite correct with the poor population in China problem. This population is currently a burden for Chinese econ. At the same time, they are the biggest work force and market in the world. How to make use of this resource is a challenge and opportunity intertwined together.
very good book
SyrithUB 2 years ago
this guy is pretty pro
FXThug 2 years ago
No one wants to talk about the extent of debt in the financial markets - as opposed to the real world economy
DavidAKZ 2 years ago
$1000 per household means jack shit when living costs are as low in china as they are. hey guess what, japanese or korean households earn much much less in absolute terms than american families, but their stuff is cheaper too. Are their countries poor?
Becareful with misused statistics, my friend.
lamparalaptopiaguita 2 years ago 7
This is a great book. Even if he is not exact on the details, as a style of thinking, it is very interesting.
ir5ac 2 years ago
About the solar power future, one of the research results I have heard from the people doing solar research (therefore probably biased) is that with 10% of current Nevada state covered with solar cells can essentially fulfill the power grid needs of US. I am not sure about the result, but one data for reference, current price of Monocrystalline silicon in market is with generally 14% POE. Price has dropped due to Si price from 450$/kilo to 70$/kilo around 2008,Oct.
wormite 2 years ago
The author is quite correct with the poor population in China problem. This population is currently a burden for Chinese econ. At the same time, they are the biggest work force and market in the world. How to make use of this resource is a challenge and opportunity intertwined together.
wormite 2 years ago