Sunday, March 25, 2007

Never Has So Much Poverty Been Eradicated by the Production of So Much Wealth Made By So Many

You just got got to be amazed with China. Europe gets all giggity giggity when they have positive economic growth, we stroke our beards here in the US when he exceed 3%. China feels bad if it falls below 8%.


Alfred T. Mahan said...

Nice bastardization of a Churchill quote... :P

I commend to your attention the rise of the United States, unfettered by such economic ideas as a central bank and free trade ("Protective tariffs? Heck, yeah!"), which still managed to become the economic wonder of the world under capitalism, with a healthy dose of foreign investment and a controllable national debt.

Of course, it couldn't last, now that we've decided we're going to kill the goose that's laying the golden eggs for us. But it was fun while it lasted.

Anonymous said...

"Nice bastardization of a Churchill quote... :P "

Well Churchill was quite a bastard. That little bit where he recommended the use of poison gas on rebellious Kurds in the early 1920s is a pretty big black mark on his record.

Alfred T. Mahan said...

As an old friend of the Captain, I am allowed to mock his ignorance of history, and do so repeatedly. You may ask him yourself.

Yes, Mr. Churchill was, indeed, not the noble saint we fondly remember him to be. That was not my point, however.

Incidentally, I would like to commend to the Captain's attention to a book (only 144 pages long) about his current economic favorite, speaking of bastards:

The China Fantasy

Worth a skim, if nothing else.