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mises
Joined: 05 Nov 2007 Location: retired
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Posted: Fri Jan 16, 2009 6:54 pm Post subject: |
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| caniff wrote: |
| For some reason I'm more comfortable with Indian ascendancy. Call me crazy. |
I agree. Though I don't think India will develop at a rate anywhere near the future rate of Chinese growth. |
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ManintheMiddle
Joined: 20 Oct 2008
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Posted: Fri Jan 16, 2009 7:33 pm Post subject: |
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Voyeur observed:
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| They would never admit it, but in there heart of hearts it could be that many leaders of China hope that one day it will be a constitutional, liberal democracy. However, they probably feel that China can't get there in one step and that social stability would fall apart if political freedoms are instituted too fast. |
Actually, President Hu informed an assembly of American academics and students at Yale University on his last visit to the U.S. that if and when China becomes a democracy "it will not look like those in the West."
What the present leadership longs for is a Singaporean style government, but on a much broader scale, obviously.
But the rest of your comments are right on the mark. |
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RJjr

Joined: 17 Aug 2006 Location: Turning on a Lamp
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Posted: Fri Jan 16, 2009 9:08 pm Post subject: |
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It reminds me of a bumper sticker I saw on an old car the other day: "I may be slow, but I'm still ahead of you."
China may be poor, but they still loan us the money we don't have. |
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