Wednesday, October 11, 2006
The Solution to Globalization
I've got another solution for the Chinese government to consider: they should buy the US! A good old fashioned LBO of the US and it's consumer-oriented economy would provide more than enough markets for Chinese goods. Given the Chinese peg to the US dollar and the huge trade deficit, it's in essence what's going on anyways.
It's rather ironic that China is looking for markets to sell their goods. I remember in 8th grade World History the factoid that back in the 1800s, the British were salivating that if every person in China lengthened their shirt by just 1 inch, it would keep every British tailor employed for the rest of his life.
Links to this post: