@Doctrine_Man I'm going to seriously oversimplify when I say "China's nat'l psychology has the unique advantage of communications technology to leap over what other first-world nations needed in terms of time."
So let's delve in.
US & China both emerged from an agricultural society to...
@Doctrine_Man become an industrialized society. We led the world thanks to acreage & raw minerals, and of course two world wsrs that consumed faster than we could produce.
By the 1970s we shifted to a service-based economy, similar to England's in the early 1800s, less than a hundred years...
@Doctrine_Man after they created street lamps to provide cities with nighttime maneuverability. (You'll think "Jack The Ripper" here but it's really more like Scrooge throwing a coin at a boy to get him some food.)
England's middle class, such as it was, enjoyed & paid for services...
@Doctrine_Man and the US did likewise, buying cars to zoom across country sleeping in Motel 6s that kept the light on for you and eating breakfast in a Waffle House that never closed.
China struggled through this time, trapped by its political motives.
But then we conquered the telephone...
@Doctrine_Man and everyone could call anyone. By the 1980s an entrepreneur in Iowa could order butane irons for Amish women looking to tidy a husband's shirt. (That's real, by the way. Still a big seller.) You call Hong Kong, a container arrives, you distribute. The phone proved vital...
@Doctrine_Man to int'l commerce. Cheap labor in China gave their industrial complex a huge jump because nations willingly helped them #evolve past agriculture towards Mass Production.
China shaved off the first 80yrs or so of industrial evolution this way despite their politics...
@Doctrine_Man but it meant China would simultaneously begin to develop its service-based nat'l identity while still within its industrial-based nat'l identity.
Look on the web for the photo of a Chinese man working a banana cart, doing day trading. It's equivalent to the kid behind the...
@Doctrine_Man counter at Subway who's trading Bitcoin for Dogecoin from his iPhone.
So, to oversimplify "in summary," the world put China in a prime position to catch up to the US, UK, Germany, etc. with both an industrial complex and a service-based complex, all within the information age.
Back then we had no truant officers because Bolingbrook was on its final year of "45-15 track" where students get 45 days on, 15 days off of a full yearly schedule
1/12
It's election day and heaven knows we all need a good laugh, right?
Here's a story about President Clinton, Air Force One...
...and two nervous USAF air traffic controllers!
2/12
Let me begin this story by stating I'm a retired Air Force Enlisted Historian (AFSC 3H091) and I was assigned to the Air Force base in question and I interviewed one of the two air traffic controllers involved in this story.
Okay ... let's get into it!
3/12
It's the 1990s. President Clinton has flown to St. Louis in Air Force One ("AF1") and he's got an identical VC-25 aircraft just in case AF1 breaks down. Let's call it "AF1-Alt." It's sitting quietly across the river on the tarmac at Scott AFB, Illinois.
1/11
In the spring of 1995 I had some Illinois Veterans Grant left and I decided to take a certain philosophy course. My military supervisor adjusted my lunch schedule.
On day 1 the prof asks everyone to introduce themselves...
2/11 I'm pondering my one-minute intro when a young man unloads on the class:
"My name is {name} and I'm {age} and I'm taking this class because my degree requires it and I don't even know why I'm here 'cuz all this 'deep thought' is just a waste of my time blah blah blah"...
3/11 This jerk has the class stunned
I shift gears immediately
Mind you, I'M IN UNIFORM
It finally gets around to me
"My name is Rob and I'm 32 and I want to tell that idiot over there <pointing> that I know for a fact I DON'T KNOW SHIT AT MY AGE!"
@johnmccumber@film_girl My wife cried & screamed to cut our losses when the market crashed in 1987. I wrote to our mutual fund: "give me some good news."
They wrote back: "We recently sold 90,000 $JNJ at $3/$2 per share and we just bought it all back!"
We saw a LOT of capital gains for it in 1991...
@johnmccumber@film_girl I don't recall the strike prices back then (and the stock has split a few times) but the crash made all blue chip stocks so cheap that the mutual fund saved milllllllions buying back $JNJ
So I *went* for it in the 2008 crash after Denise's death. Let's just say "I was free..."
@johnmccumber@film_girl I knew well enough to NEVER play with "margin calls" in a down market. I pulled everything together and went into a conglomerate that provides funding to blue chip stock when markets fall.
Blue chips want funding to build & tool up to get ahead of their competitors...