nomadicdude said:
@ cardguy: hah, that is a really typical American attitude but in a lot of respect what China is going right now is amazing. Sure it is not at the level of the US but its growth rates and infrastructure are pretty unbelievable. I spent two months going across China once and it is ridiculous how good the infrastructure is compared to America. It definitely is the place of the future whereas America may not be.
And Japan is still a really rich place. If anything it's biggest problem is that it does not allow enough immigration in order to support the safety net for all the older people retiring.
I appreciate your willingness to share your thoughts on this matter, but you aren't considering enough factors for your opinion to have validity.
Chinese infrastructure is impressive in some areas and downright disappointing in others. Also, it is essential, considering the nature of Chinese demographics.
However, high speed trail railways don't equal ease of access when starting a business or attempting to gain an education.
Beijing University is harder for Chinese to get into than Harvard is for Americans to get into.
There just aren't enough universities in China for the average person to consider a post-secondary education and even when the lucky ones who can graduate, living at home with parents is essentially, because an average wage for an entry level university graduate is $200/month in cities where your rent is going be a lot higher than that if you don't live on a park bench.
It isn't easy for the Chinese to travel abroad. Americans can go just about anywhere if they have the cash.
High school is free in America. In China, you've got to compete for the top tier high schools, because simply graduating doesn't guarantee much at all.
I could go on, but it should be obvious already that the USA offers much more opportunity at a base level than China, regardless of infrastructure.
Why do I prefer to live in China? It's the best way for me to maximize all the advantages of being born and growing up in North America.
For Chinese, they'd give their liver to have grown up in the ol' USA, despite its flaws.
Starting a business legally in China is a very complicated process. In the US, you don't even need to register in a lot of cases to operated as a sole proprietorship.