Tommy Salami's Ramblings

 Something that's been done before a lot as well. The People's Republic of China, a post about their economic progress, how it came about, it's future, and the results. As I've said before, I'm not an economist, so this is pretty much just my really basic understanding of how it has worked. ~ How  The People's Republic currently operates under a system called a "Socialist Market Economy" or "State Capitalism". Government owned enterprises make up a large amount of their economy, but operate in the general market. The Government also has a large amount of control/monopoly in some areas, such as Petrochemicals, Shipping, Communications, Arms Manufacturing, Aviation, typical stuff vital to the economy. There have been substantial privatization, however, this has not proceeded as quickly or has been rolled back in the last half a dozen years. This ignores a massive variety of different programs and factors in their economy, but then, heh, isn&#

I'm not really an economist. Far from it. I dabble in the subject in an attempt to learn more, and I like to think that I understand more than the average American out there. But let us not pretend that I am any great source of knowledge on this subject, because I'm not. What's more, this subject had been done thousands, tens of thousands of times across the internet. But I need something to post here, and this is the first one that is also very easy. ~The first part is where did this debt come from? The answer is simple. Lower revenues at some periods, and higher spending at others.  At several periods, we have spent far more than our tax income was. These main periods were the 80s, early 90s, 2,000s, and now the modern 2,010s. During the 80s revenue as a percentage of GDP was initially lower than expected- not a lot, very little actually, but still a tad. Meanwhile spending was higher, due to a variety of factors such as a military build up. Large deficits over that per

Well. This is my first blog. A lot of people have done it already so it's not unique or original or anything. But I need something for history/political science to complement the rest of my studies, and a blog was one of the options. So I've started this blog, with the goal of providing some different political ideas, analysis of current events, history studies, and also just my random thoughts when I feel like writing them down. Hopefully they won't be a dis-appointment to whoever happens to wonder along and read them, if somebody does that is.