April 3, 2007
GLOBALIZATION MEANS THEY HAVE NO CHOICE IN THE MATTER:
It's not China's markets - it's the model (Scott B MacDonald, 4/04/07, Asia Times)
Although the great revolutionary helmsman Mao Zedong had hoped China would shake the world, he would have been very surprised that it was the Shanghai stock exchange, not the Red Guards.While considerable attention is given to the rough-and-tumble nature of China's stock markets, more concern should be devoted to the growing need for Asia's largest country to change its economic model. Without changes, China increasingly runs the risk of a major crisis that will encompass a harsh economic downturn as well as socio-political upheaval.
Even making the economy more Anglo won't avoid the upheaval. Posted by Orrin Judd at April 3, 2007 8:11 AM
Given how China seems to be gearing up for war, it might be a good idea for the Pentagon to secretly buy large amounts of stock in certain Chinese companies. If it looks like things are about to hit the fan, we sell and start a panic on their stock market.
Posted by: PapayaSF at April 3, 2007 1:24 PMThe point of the war would be to obtain help disposing of their excess young males. It won't disrupt much.
Posted by: oj at April 3, 2007 3:41 PMSo sayeth someone who doesn't live near China!
Posted by: PapayaSF at April 3, 2007 4:09 PM