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October 28, 2013
"Chinese prosperity is dependent on us, like a suburb’s on a big city."
As much as they hate us, we’ve been pulling the engine of civilization a long time and there simply isn’t anyone credible to take our place.(No, this is not American triumphalism, either. The reason we are the engine of this train is that the other countries swallowed the spider of socialism earlier, and faster. Even in the “best case scenario” – the Scandinavian countries – the socialist model kills small business and individual experimentation and reduces the incentives for success. Which in turn kills innovation.) They don’t dare admit we’re running on thin air Merry Melodies fashion. They are, rather, holding their breath, and hoping we don’t look down. But sooner or later either it becomes obvious we’re no longer pulling the train, or we realize it ourselves. And then— Oh, Buck Up! | According To Hoyt
Posted by gerardvanderleun at October 28, 2013 11:12 AM. This is an entry on the sideblog of American Digest: Check it out.