From: Mike Lorrey (mlorrey@yahoo.com)
Date: Wed Jan 22 2003 - 19:58:17 MST
--- Lee Corbin <lcorbin@tsoft.com> wrote:
> Steve Davies responds to the inquiry
>
> > > 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?
>
> > This is nonsense is the simple answer, for two reasons...
> > The more serious reason is that arguments like this
> > fundamentally misunderstand the nature of exchange
> > relations/economics. The underlying assumption is
> > the mercantilist one that economics is a zero sum
> > game so that growth in China will have a "devastating
> > effect" on other parts of the world.
>
> Ah, thanks for reminding me what the zero-sum-mentality
> in economics is called: mercantilism.
Actually, zero sum economics could be either mercantilism or socialism.
China's socialists, being ardent zero-sum economists, sincerely believe
that it takes our loss for their gain to exist and that any gain of
ours is their loss. This is why they take it as a given they will have
a major conflict with us within a few decades.
=====
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
__________________________________________________
Do you Yahoo!?
Yahoo! Mail Plus - Powerful. Affordable. Sign up now.
http://mailplus.yahoo.com
This archive was generated by hypermail 2.1.5 : Sun Feb 02 2003 - 21:26:02 MST