Speaking of the Chinese....
I’m not sure if I actually read the following headline or dreamed it.
It read: How To Destroy China.
Since it appeared in what looked like the Wall Street Journal, which I do not read, it must have been in a dream...the remainder of which I do not recall. Some shrink can interpret this, but it must have resulted from reading so much about the Chinese economy, the demise of the US economy, and European financial woes (which some hope the Chinese will solve). I won't even get into the bit about the Soong Family...
Regardless of the reasons for the dream, I know the answer. China’s economy can be destroyed by moving manufacturing to other countries of all the goods sold in the West. China’s current success and wealth derived from luring US and most of European production of consumer goods to its factories. Walmart, Nike, Apple, etc. would not be so wealthy without this. Money was shoveled from the US through China into the pockets of the Walton family, Phil Knight, and many others.
Of course, it will take some time to have the desired effect, because many Chinese industries are now feeding a burgeoning domestic market. At some point, owners will do the same as American and European capitalists did and move production to low-wage countries. Then the desired effect touted in the above headline will be achieved—not by anything we do, but by the Chinese following the lead of the West. By then, the US will have declined into true class warfare; Europe will continue to bail out Greece; and....
Isn’t economics fun?
Prior to writing novels, the author enjoyed a multifaceted career: from decorated combat aviator to advertising professional to global communications director of a major consumer brand. He has traveled the world and met sports, film and television stars, political leaders, and royalty. He graduated from Middlebury College, is married, lives in Germany, and has two grown children.