The same argument about the dollar was made about a decade ago when most
of our foreign account deficit was with Japan. It never materialized
and Japan went into an economic downturn that they have never totally
recovered from.
Juan Buhler wrote:
On 2/11/06, frank theriault <[EMAIL PROTECTED]> wrote:
[...]
Over the past 1/2 century the Maoist regime has murdered literally
millions - about 1/4 of the population of Tibet alone - and the West
has sat by and done nothing. No boycotts, no military incursions, no
threats, not even wagging of fingers. Once China became "open for
business", we gleefully rushed in, looking to tap into that vast
market, and sell, sell, sell, for profits, profits, profits.
True. I think we largely agree.
The big problem (and a consequence of our policies) is that China now
has the means of making the dollar collapse, because they own a big
part of the US debt. So it isn't as "easy" as with South Africa. We
cannot just suddenly change policies and act as if we cared about
human rights :(
j
--
Juan Buhler
Water Molotov: http://photoblog.jbuhler.com
Slippery Slope: http://color.jbuhler.com
