From: Mike Lorrey (mlorrey@yahoo.com)
Date: Tue Jan 21 2003 - 11:54:29 MST
--- Ramez Naam <mez@apexnano.com> wrote:
> From: Nathanael Allison [mailto:jubungalord@hotmail.com]
> > I have read and heard from several different sources that
> > china will have a
> > devastating effect on american and many other nation's
> > economy in the next
> > ten years or so. How much of this is true?
>
> To the contrary, there's every indication that China's growing
> economy
> will be a boon to western economies. China has the most rapidly
> growing middle class in the world, with a rapidly growing demand for
> consumer products and services. Western firms view this middle class
> as a huge untapped market.
And hopefully the government there will allow this middle class to
grow. I have my doubts, since middle classes are the greatest threat to
despotic regimes, even the benevolent ones, and tend to be the engines
for growth of democratic institutions.
The primary threat that China poses to the west is if it's military
maintains its current policy and strategy that hinges on an acceptance
of a world war with the US as an unavoidable future event. If it
maintains this posture, then a second arms race, and it's drain on
western economies at a time when western Baby Boomers are retiring in
ever greater numbers, will be unavoidable and our ability to outspend
the Chinese may not be as easily achievable as it was against the Soviets.
=====
Mike Lorrey
"Live Free or Die, Death is not the Worst of Evils."
- Gen. John Stark
"Pacifists are Objectively Pro-Fascist." - George Orwell
"Treason doth never Prosper. What is the Reason?
For if it Prosper, none Dare call it Treason..." - Ovid
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