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Feb 28, 2011
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Interesting.
I may be naive but I have pretty much ignored all the fear mongering about the Chinese takeover of the US economy.
I am old enough to remember the great Japanese takeover of the late 1980's. It was said that they were out studying us, out working us, and in generally outsmarting us. Seems every week there was a new story about a Japanese company purchasing some landmark US building. They were going to own us all by 2000.
Then almost overnight Japan sort of fell off the economic power map.
I never saw a concise and clear explanation about what happened to Japan and why American fears turned out to be exaggerated.
Posted by: ceemac | Feb 28, 2011 at 09:04 AM
I agree. I think fears of China are overblown.
Posted by: Michael W. Kruse | Feb 28, 2011 at 03:11 PM