The real wealth of a nation always end up in its factories. When war breaks out it's the nation with the most and the best factories that wins. America and Germany have proven this maxim repeatedly and Japan proved it in the 1930s against China and even against the US in the Pacific during WWII. Once China is as industrialized as Japan, Germany or the US and has stolen our industrial secrets and designs via espionage...all bets are off.
Meanwhile, China has the US and corporate America encouraging them to industrialize and build more factories of all sorts while someone does the "new math" and figures America is getting a good deal on the cheap labor. Short term, yes. Long term - not even close.
That's where China is rapidly moving ahead while we remain relatively static.
Current Events » in reply to Like I said before: China's ENTIRE ECONOMY is smaller than the American Government,
I look at factory growth.
The whole thread (31 posts)
- This is getting silly- Fed printing up more money to thow at bad banks.
- the USA has over $140 Trillion in financial assets...
- Let's not go overboard.
- re: This is getting silly
- BTW