To: AIG
China convienently excludes the peasants when they do their economic measurements, and hence the economic 'boom' is only a measurement of the cream of the crop, in certain places, and even then, its inflated. China's boom came because the US was hunting for cheap labor combined with a President who wanted to save the Communist Party from people still pissed off about 6-4.
To: maui_hawaii
How did China's "cream of the crop" come into existence in the first place? Was it because China's economy has grown so fast in the past 20 years? By the same token, China's middle-class will add another 100-200 mil. into its ranks in the next 20 years. Remember, economics is a process.
280 posted on
08/15/2002 11:22:12 PM PDT by
AIG
To: maui_hawaii
If the US was "hunting for cheap labor," why blame China for giving the US what it wanted. When US workers want maximum wages while US consumers want low prices, something's obviously got to give. Don't blame China for the fact that Americans love bargain-shopping.
293 posted on
08/15/2002 11:38:43 PM PDT by
AIG
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson