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Politics : Welcome to Slider's Dugout
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To: SliderOnTheBlack who wrote (209)7/20/2005 11:16:46 PM
From: sketch  Read Replies (1) of 50653
 
Good discussion. My reservations have to do with the extreme Cold War rhetoric being used to think about China and energy. Slider is relying on the idea of "collapse" or an "abyss" in China. The macro-limitation w/ this melodrama is that nearly everything wrong with China applies to the US as well--out of control debt, shaky banking, increasing opacity and spin on all levels of govt reporting, unaccountable monopolies and central planning from the all-manipulative Fed. In this context to inveigh against "communism" is shadow-boxing. Hard to know what that word means in this day and age. The "commies" are at least buying gold and not shipping high tech jobs to the US (I count at least 3000 important jobs lost in last week's headlines alone). To rail against Castro is irrelevant except as a rhetorical stimulant. That sorry island has been suffering a US embargo from day one, has no indigenous oil to speak of, etc.

Whatever the blunders, China and India and other scale-breaking newcomers on the economic stage aren't going away. As for appeals to sources like newsmax, et al. Many of them use unexamined assumptions and sledgehammer lingo that finally aren't persuasive. Yes, the markets are in volatile and unstable shape. Yes, conflicts are all too likely. But seizing on the grand assumptions being pumped up in certain quarters may make us part of the problem, not the solution.
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