Ok...im back now my friends. Hope you people didnt miss me......huh ok i wish.
Ok coming back topic. I will like to say im shocked to see some Chinese(i guess out of the hatred they have for Vietnam) saying the 'aid' Japan and our governemnts in the west/U.S provided them helped them alot to developed. WTH, are you joking or being sarcastic?
I will assume that was a joke, because i just cant imagine how someone who is well informed/doesnt have other intentions will say such a thing to be honest.
Anyway as i said before the Chinese member who said this, if he's indeed serious/believes what he said, then China should knee down and say a BIG THANK YOU/SHOW GRATITUDE TO Japan and the west/U.S for all our help then.
If you dont do that then you are selfish/ingratitude bastards like some say.
So to the Chinese members who agreed with him, im waiting for a Thank you since our governemnts still provide you with aid even today. So you better be grateful/thank us for all the aid we have been giving you all these years/decades until today.
If you dont, then you are just say Thank you, then you are not much different from the Vietnamese you criticize here then(well i understand its just because youhave a huge hatred for Vietnam, so seems you will ignore any reason and use any excuse/reason to bash them.lool). Thats not cool at all bro.
I brought China into the debate as an example of aid not helping developed a country, but trade. Its true China also has corruption issue(much like Vietnam, if not more), Yes corruption in China today is still very serious(i can attest to that), but not out of control.The regime as a whole, as an institution, has not, thus far, degenerated into an instrument of plunder. I will compare today's China to America during the Gilded Age. However Corruption can degrade the quality of growth without reducing its nominal growth rate. So in the Chinese case, corruption has made food unsafe, increased income inequality, worsened environmental degradation, reduced social services, and resulted in widespread abuse of individual rights. If we take the low quality of life in China into account, the pernicious impact of corruption is substantial as well.
Second, in China's state-led and investment-driven growth model, corruption can inflate growth for an extended period of time. Since the bureaucracy allocates trillions of dollars in fixed investment, Chinese officials can get both kickbacks from such investments and generate growth (because investment adds to GDP). The real cost of this game is borne by the state-owned banking system, which finances all the growth-boosting but corruption-plagued investments.
Also the rampant corruption in China has not impede/reduced drastically/had a huge effect on Chinese growth partly because a huge portion of the Chinese economy actually lies beyond the grabbing hands of Chinese mandarins/corrupt officials, Since China's export-oriented sector, is mostly run by foreign-invested firms and closely integrated into the world market, is relatively safe from the depredations of greedy mandarins(just like niceguys 'greedy' vietnamese authorities
) officials.lool Though that is changing as well, as China moves up the value Chain and creates its own world tech Champions/companies.
However, since China is already an industrialzed/industrializing country, it already has that solid base for future growth, coupled with its large population/relatively low gdp per capital(which gives it a large room for growth) and as long as they are open to world trade, the country will still keep on growing to the point it at least reaches half of Japans/U.S productivity, which will mean it will have by far the largest economy in the world if it achieves that. So this shows, the country despite what most of us thinks, will still grow at a decent rate ofr a longgg time to come giving its huge/growing industrial base(which most developing countries lack), high savings level(which gives room/capital for the government to invest in productive/and even unproductive areas of the economy), citizens entrepreneurial nature etc. So China is indeed in a different position from most developing countries who dont have all of the above.
So aid had absolutely nothing to do with Chinas growth story. far from it. If China was relying on aid to grow, then believe me it will be in a far far worse situation than even the poorest country in Africa/Asia, our governments and their foreign exploitation loans tools alias development institutions i.e world bank, IMF etc will have milked the hell outta them
Coming to the topic of Vietnam -Japan 'aid', i already pointed on here that, no matter how much people here try to defend this as helping Vietnam, it doesnt at all, it instead does the opposite, i already said trade is the way forward if Japan and the west/U.S really want to help Vietnam, poor south east Asian, South Asian and other poor African countries. Since 'aid' has stunted growth and subsidised bad governance in these countries. Since this abundance of public money has given rise to something of a feeding-frenzy among the specialist consultancies, NGOs and commercial contractors operating in the "humanitarian sector'. If the industrialised nations really want to help the Africans/Vietnamese/south Asian countries and poor developing countries, except for occasional humanitarian emergencies, they would wind-down and terminate aid altogether. Why? Because the countries that have received the most development aid are the ones that are in the worst shape now. Despite the billions that have been poured into Africa/poor South Asian countries like Bengladesh etc, a lot of these countries remain poor, and more people are getting poorer. And as Einstein once said, “insanity is doing the same thing over and over again and expecting different results”.
The explanation for this paradox is twofold.
Huge bureaucracies are financed with the aid money, voters are disconnected from their politicians, corruption and complacency are promoted and poor underdeveloped countries like Vietnam/Cambodia etc and african countries are taught to be beggars and not to be independent. Additionally, development aid weakens the local markets everywhere and dampens the spirit of entrepreneurship they so desperately need. As absurd as it may sound, development aid is one of the primary reasons for the poorest underdeveloped countries problems. If the West(including its student Japan.
) were to cancel these payments, most of these countries citizens wouldn't even notice it.
Only the functionaries/officials would feel hard done-by. Which is why they maintain that the world would 'stop turning' without overseas development assistance (ODA) lol more like greedy corrupt thieves as my friend Niceguy says.
I will like to finish/conclude this with a funny statement(i like them), but true/serious one, This is from the word of the late tyrant president of the Central African Republic, Jean Bedel Bokassa, he cynically summed it up by saying: "The French government pays for everything in our country. We ask the French for money. We get it, and then we waste it."
Well said man, he summed it all well.
Keep the 'aid'/loans coming, we need them
