The One Child Policy Under the Chinese History In the early period after the founding of the People's Republic of China, Chairman Mao believed that a strong nation should have a large population. However, with the development of society, China suffered many problems causing from the large population. The one-child policy was adopted in 1979, in response to the growing population. In the essay “The Little Emperors”, Daniela Deane points out several negative effects of the one-child policy, such as the “millions of abortions, fewer girls and a generation of spoiled children”(65). However, Chinese history has effected people’s mind and habits, so the one-child policy is not the only reason that causes these problems; in other words, the one-child policy effectively reduce the Chinese population.
This “spend now, pay later” approach crept into the housing market with the self assessment mortgages being advised to those you couldn’t afford the going rate of houses and soon became the cause of the bust. The estate agents of the early 00’s were advising to use the self assessment mortgages because it meant that the buyer could gain a higher loan by lying about their income. Asymmetric information was a part of the failure of the housing market because the estate agent knew that not all of customers would be able to pay their mortgage, but they would still get a cut of the money paid. The banks also didn’t mind because if they couldn’t afford the mortgage they could take the deposit and resell the house. This was fine at the start because people were successfully paying on time and banks weren’t losing money.
But consumers aren't helping their fellow countryman earn his own living by buying these imported items. Consumers are giving their hard-earned money to Walmart to go back to China to buy more items. (Smith & Young, 2004). Walmart has created new jobs for people when they open new stores, but they are underpaid jobs. Many of the positions are part-time, therefore, they are positions without benefits.
In China for example, the adults [ages 20-40 years old] are working to pay their bills, and have no time to care for their kids. And since most of them know this, they do not have kids, which is causing the population of kids to fall. And the population of the elderly is rising while it plummets. But if the government makes the lives of the working class easier, by reducing taxes [making it easier to pay bills], then they will have time to start a family. And if the government builds nursing homes that take care of the elderly when their family cannot, they will not have to worry about work
Until the late 19th century, children were economic assets to their parents, as Philippe Aries said “childhood did not exist” and therefore they could be sent out to work from an early age to earn an income. However, since the late 19th century children have gradually become an economic liability. Now there are laws about banning child labour, introducing compulsory schooling and raising the school leaving age, means that children remain economically dependent on their parents for longer and longer, and are becoming more of a burden. Changing norms about what children have a right to expect from their parents in material terms means that the cost of bringing up children has risen, also. The LV insurance firm stated that child costs £186k just before their 21st birthday.
America began on small businesses and America has to continue to have small businesses to have a good economy. Wal-Mart endangers businesses all over the country because small businesses cannot compete with the superpower on account of Wal-Mart getting goods from places like China. Most people live within thirty minutes of a Wal-Mart and with their lower prices people will continue to shop there without realizing what they are doing to their own economy. Most people don’t realize that saving a few dollars by shopping at Wal-Mart is crippling all the local businesses around their area. Wal-Mart does not care about the American economy because they are thriving the way the economy is now, so American citizens have to stand up for their communities.
Social Media With the rapid growth of social media in recent years, it’s no surprise that millions of people are affected by its existence. Social media does provide many benefits. On the downside, it offers an escape from reality which negatively impacts individuals. Relationships between people are also influenced big time, both negatively and positively. Social media can be useful in many ways.
Geography - human Chinas one child policy In 1978 China introduce the one child policy as a solution to social, economic and environmental problems, it was also introduced to stop the mass famine China was facing if its population continued to expand in the way it was. In the beginning the one child policy allowed each couple to have one child and one child only this caused 9/10 couples to be apposed to the policy. This 'only one child' caused lots of problems; one was the fact that the policy put rural farmers at a disadvantage, they needed more children to help them farm the land but having those necessary children meant playing fines or having benefit taken away from them, it was also known for electricity and water to be turned off until they aborted the baby. Not having these necessary children meant farmers could not earn a living and production of staple foods such as rice would've recused causing china to have the same problem that they faced with an increasing population - famine. This caused the government to layer revise the policy to allow rural couples to have two children with out loosing benefits.
In Shanghai from 1952 to 1990, workers wages did not grow parallel with the economy although standards of living rose because of expenditures on worker’s welfare and benefits (129). Second, because of the market economy the government accepted for some people to succeed first, but socialist ideals were still highly valued. For example, mass consumption became a trend with Shanghai neighbors as one family purchased an item (refrigerator, television, etc) other families would also buy. And third, when socialism and market economy clash, public and private values become intertwined. Previously, the state controlled almost all production and redistributed wealth under the systems of central planning and collective ownership.
This did little to help improve the economy but it did lead to the period of recovery in which we are in today. This has been an especially important time for society. Spending and consumerism has increased and the unemployment isn’t what it used to be almost 2 years ago. Although there is speculation as to another recession, there is no need to worry of government spending remains constant and tax cuts are issued. The recession of 2007 and 2009 has affected everyone, but mostly middle class people are the ones who are hit the hardest when it comes to economic troubles.