主题：【原创】上海自由贸易区---赌博的市场化？ -- 思想的行者

I type English much faster.

1.

I have talked about 全世界生产过剩太严重 in my previous postings, which logically is nothing new, marx "on capital" did an excellent analysis on that, and it is kind of strange that nobody talks about marx "on capital" any more, Lenin did some very good follow up analysis as well.

today US terrible durable goods order and the consequent gdp downwards revision tell the world again that even in the supposedly most efficient market place like US, economists/market is still significantly underestimating 生产过剩/lack of demand even in US itself, not to mention the 全世界生产过剩 etc economic problems, and 生产过剩 in hard working asia=wasting of capital=huge debt on producers balance sheet=huge "asset" bubble on banks balance sheet, obviously including china.

how did US Wall Street do its job of information collecting/processing, capital pricing and allocating? not to mention WS's pricing projects for those outside of US areas. not that good at all.

capitalism is still very primitive in its "gauging/测度" functions supposedly carried out by Wall Street and other global financial markets. WS folks are just as "bad" as those "人民(or voters) 利益测度" politicians in a way, collecting huge pay checks but accomplishing very little.

Of course, in china, everything is still different, and TG supposedly has a lot of political capital to be converted into financial capital if necessary, to cover the financial ass of TG's huge troop of political & economic followers.

but, Asian 生产过剩 (obviously much worse than developed countries) based Ponzi financial game can't play for too long, TG knows that, with Chinese household savings=10% of china national savings, per Zhu RongJi'son published comment. where & to whom to dump those 生产过剩 even at some yard sale price?

2.

global capitalism is still the game of "century"

so forget about marx and lenin and Mao, for Dr. L the challenge is how he can make Chinese companies as strong, profitable, dividend producing as US sp500, which is overall the lover of global investors/idol of global capitalism ?

obviously, copy it! you make a copy of sp500's financial brother/WS, and put it in shanghai, and hopefully, the to be made "Chinese twin brothers(china red500 companies/AS(shanghai A street)" copied from us sp500/WS, can work together just "as well", and making AS to be some kind of pricing center for Asian pacific manufacturing/some global commodity economy, doing some of wall street's job and eating some of wall street lunch;

3.

in future, a world capitalist economy with dual gauge/双测度, US Wall Street and China Shanghai A Street, 对抗资本论

once shanghai's AS gets established like that, it's capital allocation power will help to upgrade china domestic economy, it may even allow some kind of reminbi carry trade, the way JPY carry trade did, giving china CB some independent monetary policy making power, making global capitalism's CB financial policy making system much more stable and more in equilibrium.

obviously, this would require china to adapt some kind of Japanese like political structure as u suggested in another post, and build some kind of white's 民主自由公知 cover in Beijing, under which TG still manages china like Japan's 1.5 party system, with 毛左 folks crying everyday somewhere in a 民主自由 fashion.

4.

if that is done, and with 人民币 internationalized & china capital market completely open, china AS may be more of the pricing center of world manufacturing/commodity economy, and US WS remains more of the pricing center of world knowledge/high tech economy, hugely positive for world capitalist economy as a whole, avoiding 全世界生产过剩 etc problems from going extreme like it is doing now, helping world capitalist economy to stabilize and perhaps grow in some area like india;

and once we are there, china "AS500" would be (or comparable to some extent) just as valuable as US sp500, as the world's most competitive and profitable companies in a dynamic and volatile capitalist global economy.

can TG manage to accomplish that? nobody knows now.