This article may well take us back when the British and other empires were justifying there existence
August 31, 2010 1 Comment
This article may well take us back when the British and other empires were justifying there existence and in the same time dismembering themselves: Capitalism, Socialism lol “the king is dead: long live the king”, however the last “Great” Recession that still works out its ways elsewhere have shown to anyone who likes being objective that the Globalization and rising Productivity, China’s industrialization and the outflow of industrial production from US and EU to China have established constant fiscal shortages almost elsewhere so the so called “trickle-down” Capitalism could not respond anyhow to these new conditions of rapidly expanding supply to a slowly dragging demand, therefore even a totalitarian Chinese political structure showed better then anyone else that “it is the economy…. Stupid” it is not anymore “the ideology…. Stupid”; the “Great” Empires are gone, the Ideology is gone and for sorry (because still so Marxism roles the Western Economics) many privileges succeeded by the Western Civilization such as social stability and high life standard could be up to be gone too.
With these personal freedom and liberties could get away too! If ideology of such articles like this one continues ruling the science of economics, because China is a strong economy getting stronger by the day, because the industrial production so associated with the most industrial countries and economies of the US and EU even being democratic and not oppressive to their peoples could not compete economically, …. Because the reality of economics have changed and the Capitalism cannot provide economic instruments to raise needed demand nor to maintain consistent economic growth, neither to save the Earth from pollution or exhaustion of recourses….?
Rulers and economists should open their eyes to the most recent changes of the marketplace, dispose their ideologies and everlasting “we are better then you are” attitude and start being more pragmatic in handling the Global Economy, when to expect China’s failure is not going to help no one.