Today in Human Geography class, we began watching part 3 of “The
People’s Republic of Capitalism.” “Why we skipped part two?” You ask. That
would be because Mr. Schick did not deem part 2 important enough for us to
watch. In any case part 3 still deals with the economy the only difference is
that it focuses on China’s economy on wheels, in other words cars and
auto-insurance. One of the main points that the video made was that one of the
most dangerous places to be, especially in China, is on or around a major road
or highway. The reasoning behind this is that a vast majority of Chinese
drivers have never driven before or are fresh out of Driver’s Ed. As a result
of this, accidents are not a rare phenomenon; in fact over 400 accidents occur
DAILY!!!! That’s why they brought American insurance companies to China. The
biggest difference in accident cases in China vs. in America is that insurance
companies pay off every penny of damage to the other driver’s car with no deductible!
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