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Gary Coffman
 
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Default Every wanted to see a Chinese production facility?

On Mon, 13 Oct 2003 15:18:07 GMT, "Ed Huntress" wrote:
Korea is headed that way, and China probably will some day. But they have
25% unemployment right now, and another 25% extreme underemployment, so
economists are predicting that it will be 20 - 30 years before China's wages
approach ours.


And you'd like to extend that indefinitely by practicing economic imperialism.
OTOH, the more business we and the rest of the world can throw their way,
the more quickly they'll reach full employment, and become happy consumers
(and slothful laborers) like us.

It boils down to this, do you want 1.5 billion resentful serfs whose best
option is to join the People's Army, or would you prefer 1.5 billion fat lazy
overpaid and underworked middle class Chinese watching their widescreen
TVs and sipping beer? Which would you prefer as a global neighbor?

Gary