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China and Grandma June

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Posted on August 22, 2010 by June

Just a few minutes ago I viewed a discussion on cable that actually raised hope about our economic future! The basis for the optimism lay in one of the expert’s comments that contrary to fears that China’s progress will rapidly eclipse that of the U.S., China has reached the stage where they share many of the obstacles that confront us.

For example, the Chinese workers are becoming disenchanted with meager wages that barely cover living costs and are becoming more knowledgeable about environmental hazards. Added to this is the population decrease that creates fewer numbers in the work force. The interdependencies of Global Corporations were also cited. The program was Meet the Press, and one of the panelists was Niall Ferguson. The important point: China is changing so fast it is becoming much like us. Ironically, the more like us they become, the less likely it is that they will outpace us in the near future.

As for the far future? Time will tell. Well, at least there would appear to be a glimmer of hope here. I’ll settle for that!

Plato and Potato Chips

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