Willten08

How U.S. - China Geopolitics Affect World Markets

To Kelm: Very astute, thoughtful comments, thanks!

To many other pundits and posters who have tended to focus on China's problems with a magnifying glass, it is a matter of emphasis and lack of full understanding of the Chinese culture. In spite of the enormous problems - corruption, environmental damage, water shortest, inefficient use of energy, civil unrest, urban-countryside wealth gap, health care, etc., the country is dealing with them all and making progress on every front, albeit too slowly to suit me.

Me thinks many people in this country tend to underestimate China and overestimate the U.S. Recall the Tian An Men incident (massacre as the West prefers to label it) - the West with virtually one voice predicted the collapse of the Chinese economy within one year!

Was our system is so super that it allowed the causes of the current financial meltdown to originate in the U.S. and spread like wildfire globally? Why didn't the government regulators and Wall Street react to so many voices warning of the coming crisis years ago?