The Animal Spirits Page: On the coming neo-feudalism
IS this really where we are heading? I think it is dream that China will have any economic power. They are our twin. Producing everything we consume. When we stop the wheels come off. Yes I expect Riots here. Yes I expect Obama to not be the savior. But in the end creative destruction will sow the seeds for recovery. What that looks like no one knows.
Tuesday, June 23, 2009
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