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Thread: Genius comes from hard work—tobacco helps you become talented

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    Default Genius comes from hard work—tobacco helps you become talented

    http://www.businessweek.com/magazine...-09292011.html

    This is insane. How could the government allows such advertisement in school? This is unbelievable.

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    Because despite what one might believe the central government doesn't have that much control at the local level. Big things such as banks, currencies yes, but at very local level the CCP simply don't have the man-power to watch and police every city (especially the poor ones like in the article where nobody wants to go).

    Think of it this way. China is made up of a CEO, which watches over bunch of directors, who in turn watches over bunch of middle managers. Even if the CEO has good intentions, sometimes you still get an bad manager.

    That's why you get the milk problems and local food industry that no body trusts. And lets face it, CCP got bigger fish to fry right now, like the milk problem and the local food industry.
    Last edited by Dimeron; 10-04-11 at 03:30 PM.

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    This is suck. China has trillions of dollars in foreign reserve and still prey on innocent children for money. This is totally inhumane. This is like a slow genocide.

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    Quote Originally Posted by Trien Chieu View Post
    This is suck. China has trillions of dollars in foreign reserve and still prey on innocent children for money. This is totally inhumane. This is like a slow genocide.
    The problem is, I don't think they really care. o.O

    There is a term "物以稀为贵" which means what's short in supply is precious. And we know China is far from lacking human population...
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    Quote Originally Posted by Guo Xiang View Post
    The problem is, I don't think they really care. o.O
    I agree. Their objective is money, money, and money, not the well being of society. Promotion is based on the amount of money they made for the state, not on things that they accomplish for greater good of society. That is the impression I have with China right now, money is more important than well being.

    There is a term "物以稀为贵" which means what's short in supply is precious. And we know China is far from lacking human population...
    This is sad but true about china. Although it was a big shock, but it wasn't surprise me when I found the article from the news. I am well aware that Chinese officials are capable of almost anything. Hopefully, the central government will intervene soon. Those officials who prey on children should be sack and go to jail. Again, it's sad that Confucian values are pretty much gone in modern China.
    Last edited by Trien Chieu; 10-05-11 at 11:18 PM.

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    Quote Originally Posted by Trien Chieu View Post
    This is suck. China has trillions of dollars in foreign reserve and still prey on innocent children for money. This is totally inhumane. This is like a slow genocide.
    What does Chinese government foreign reserve has to do with tobacco company(granted it is state owned). This is caused by a lack of oversight and general tobacco culture more than anything else.

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    Quote Originally Posted by Trien Chieu View Post
    I agree. Their objective is money, money, and money, not the well being of society. Promotion is based on the amount of money they made for the state, not on things that they accomplish for greater good of society. That is the impression I have with China right now, money is more important than well being.



    This is sad but true about china. Although it was a big shock, but it wasn't surprise me when I found the article from the news. I am well aware that Chinese officials are capable of almost anything. Hopefully, the central government will intervene soon. Those officials who prey on children should be sack and go to jail. Again, it's sad that Confucian values are pretty much gone in modern China.
    I'm pretty sure the values are still around, only that they are being cleverly manipulated and twisted to control people. It can be the local government who's doing it to the people, or it can be parents exerting control over their sons and daughters.
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    Quote Originally Posted by Dimeron View Post
    What does Chinese government foreign reserve has to do with tobacco company(granted it is state owned). This is caused by a lack of oversight and general tobacco culture more than anything else.
    Having trillions of surplus means the government is not desperate about money so there is no pressure to prey on the innocent children. China is indeed pretty dumb for buying trillions of US bonds. A large portion of the bond was purchase when the price of gold was only few hundred dollars per ounce whereas the current price of gold is over $1600 per ounce. That means the value of the dollar when US borrow from China worth way more than the current value of the US dollar. The interest China receives from the US bond is way less than inflation. China indeed lose big time. On the other hand, the US can inflated itself out of debt by printing out more paper money. Pretty much all the debt US owes is in US dollars, not in other currency.

    Quote Originally Posted by Guo Xiang View Post
    I'm pretty sure the values are still around, only that they are being cleverly manipulated and twisted to control people. It can be the local government who's doing it to the people, or it can be parents exerting control over their sons and daughters.
    It's sad that Confucian values being manipulated and twisted. If Confucian values is well alive in society, there won't be any problem like milk and food poisoning.

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    It's sad that Confucian values being manipulated and twisted. If Confucian values is well alive in society, there won't be any problem like milk and food poisoning.
    Actually such crap doesn't just happen in Chinese society or to Confucian values. It happens because people do such things. Sad, but it's true.
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    Quote Originally Posted by Trien Chieu View Post
    Having trillions of surplus means the government is not desperate about money so there is no pressure to prey on the innocent children. China is indeed pretty dumb for buying trillions of US bonds. A large portion of the bond was purchase when the price of gold was only few hundred dollars per ounce whereas the current price of gold is over $1600 per ounce. That means the value of the dollar when US borrow from China worth way more than the current value of the US dollar. The interest China receives from the US bond is way less than inflation. China indeed lose big time. On the other hand, the US can inflated itself out of debt by printing out more paper money. Pretty much all the debt US owes is in US dollars, not in other currency.
    Again, the trillion is held by government reserve and banks. The Cigarette company is a separate corporation that happens to be majority state owned. There is a huge difference between them. BBC is owned by the the government, but it is distinct entity.

    And China is large enough that any major purchase of commodities, like gold, will skyrocket the price of gold up. It is not a simple matter of China going out say, I have 1 trillion, and I would like to buy 1 billion oz of gold.

    And China bought the bond out of necessity, they need to buy it to keep the RMB pegged to the dollar. It also has the advantage of giving China huge amount of leverage against US. It is a double edged sword.


    It's sad that Confucian values being manipulated and twisted. If Confucian values is well alive in society, there won't be any problem like milk and food poisoning.
    Welcome to Capitalism at its purest form.

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    Quote Originally Posted by Dimeron View Post
    Welcome to Capitalism at its purest form.
    No, it's Marxism at its purest form.

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