Monday, November 3, 2008

China: Factory owners are 'escaping'

http://www.latimes.com/business/la-fi-factory3-2008nov03,0,7768849.story
In sign of the times to come factory owners are buring the book and fleeing the country. One has no idea how bad it will be there. When China falls below 8% growth it is the same as the US being below 0%. Why? Population. Too Many people leaving the rural areas and new workers are driving up the unemployment numbers. To quote Marx,
The production of too many useful things results in too many useless people.

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