Wednesday, June 22, 2005
Your Children Will Speak Mandarin
Or Perhaps Cantonese...
While we are all focused on Iraq, gay marriage, Terri Schiavo and other issues. And our government is spending nearly $1/2 trillion more that it takes in...China continues to grow at a ravenous pace, and are focused like a laser on becoming the dominate economy in the world. It will happen during our lifetime...perhaps in the next 10 years or so...sooner if they allow their currency to appreciate.
Of course our government, even the traditionally business friendly GOP, seems more content to focus on divisive social issues and a war of questionable need than to even have a discussion on our economic future and security. When we wake up in a few years and find ourselves the #2 power in the world, we'll only have ourselves to blame.
Chinese snap up brand-name U.S. firms
http://www.usatoday.com/money/world/2005-06-21-china-usat_x.htm
While we are all focused on Iraq, gay marriage, Terri Schiavo and other issues. And our government is spending nearly $1/2 trillion more that it takes in...China continues to grow at a ravenous pace, and are focused like a laser on becoming the dominate economy in the world. It will happen during our lifetime...perhaps in the next 10 years or so...sooner if they allow their currency to appreciate.
Of course our government, even the traditionally business friendly GOP, seems more content to focus on divisive social issues and a war of questionable need than to even have a discussion on our economic future and security. When we wake up in a few years and find ourselves the #2 power in the world, we'll only have ourselves to blame.
Chinese snap up brand-name U.S. firms
http://www.usatoday.com/money/world/2005-06-21-china-usat_x.htm
