Old Project Avalon Forum (ARCHIVE) - View Single Post - Capitalism, Sustainability, and the Possibility of Global Collapse

10-12-2008, 04:06 AM

Doodah,

I don't think we can safely assume that China, starting in the late 1990s, did completely understand what they were buying. They were well acquainted with Capitalist theory, but not practical operation. Who were/are they gonna' ask for advice? Russia - a nation experiencing its own learning curve? The United States - a proclaimed enemy for over a half century? I'm not so sure that they did know the game.

But they have learned well. Our economic futures really rest in China's hands - at least as long as global concerns and forces dominate everyday economic activity.

10-12-2008, 04:06 AM	#109
historycircus Guest Posts: n/a	Re: Capitalism, Sustainability, and the Possibility of Global Collapse Doodah, I don't think we can safely assume that China, starting in the late 1990s, did completely understand what they were buying. They were well acquainted with Capitalist theory, but not practical operation. Who were/are they gonna' ask for advice? Russia - a nation experiencing its own learning curve? The United States - a proclaimed enemy for over a half century? I'm not so sure that they did know the game. But they have learned well. Our economic futures really rest in China's hands - at least as long as global concerns and forces dominate everyday economic activity.