Comments on: The Mother of All Incumbent Advantages

By: FilbertNuts

FilbertNuts — Wed, 10 Jun 2009 20:34:56 +0000

well, it seems you have nothing but praise for the tremendous surge of china under socialism, so according to your characterization of the obama admin you should welcome a similar turn here

By: fetedeslumieres

fetedeslumieres — Mon, 08 Jun 2009 17:34:52 +0000

This post brings up a good question:

“who’s integrating whom” This is one of the final chapters in a small book by Jim Mann.

http://www.amazon.com/China-Fantasy-Capitalism-Bring-Democracy/dp/0143112929/ref=sr_1_1?ie=UTF8&s=books&qid=1244481618&sr=8-1

By: kaiten

kaiten — Mon, 08 Jun 2009 11:52:05 +0000

I fear there´s something more profound behind US/west decline than just one politician´s action. No one forces 40 million chinese to study piano-playing, and no one´s banning americans/westerners to do the same. But in US the most popular to study are liberal arts or finance. Either make money in Hollywood or on stock-exchange. No engineering whatsoever. Then why wonder GM is collapsing? And, I just cannot imagine a sound economy based only on showbusiness or casinos. Nothing againt Hollywood or Wall Street when they are a part of economy. Unfortunately, now, they are The economy. It´s this easy-money attitude that´s killing the US. Why blame just one politician? As the saying goes: “Countries have only as good politicians as they deserve.” Politicians are coming from people after all, they are not martians.

So here we are in the midst of a biggest bubble(government finance bubble) in making. (A mother of all bubbles, if you wish.) When that bursts …