zorrow

The Great Shift: China Rising, U.S. Falling

It only takes a generation and a half to go from the golden age to the dreggs. Our problem is too many old people, drug addicts and underachievers -- too many "individuals" pursuing their "lifestyle" instead of forging social links and investing in the next generation. Oh, well, the wheel of fortune turns round and evolution determines the future.

Will China Stay the Capitalist Course?

I hope China does not stay the course. If they do, then the Yuan will surely replace the dollar as the world currency. The only thing preventing this is the suspicion that political instability is more risky than insolvency risk.