This looks like more bad news about America's decline, but it's actually good news.
China is running surpluses because it has basically been a Commie-capitalist slave labor camp for the past decade. Money goes in and it gets stored up instead of going to the dirt poor workers keep the factories churning. But even a Chinese Communist knows you can't deny the worker the fruits of his labor forever.
China is running surpluses because it has basically been a Commie-capitalist slave labor camp for the past decade. Money goes in and it gets stored up instead of going to the dirt poor workers keep the factories churning. But even a Chinese Communist knows you can't deny the worker the fruits of his labor forever.
Building a Middle Class Ain't Cheap
Chinese workers have seen the future and are no longer satisfied to go around in pajamas and sandals and live in flintstone houses and cramped barracks. The state has heard their cries and is now allowing them to amass middle class accoutrement like cars and TVs.
Meanwhile Americans tighten their belts...
Bringing China's masses into the modern age costs money, so the stack that China sits on will get smaller, and much will flow back to the US as they purchase stuff from us that they can't yet make themselves. That is how global economic imbalances get corrected.
Now, if we can just get the bloated pigs wallowing in the DC sewer to stop gorging on our hard earned money, we just may be able to turn this country around...





