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View Diary: Open thread for night owls: Does your boss want to create jobs...overseas? (120 comments)

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  •  I have no use for single-party police states, but (0+ / 0-)

    it is a historical fact that two of the most remarkable instances of economic growth happened under Hitler's Germany and Stalin's Russia.

    And whether one likes the ChiComs or not (and I don't), one must acknowledge that they are doing an impressive job of making their country an economic superpower in a very short time. They have also been unexpectedly adaptable to changing circumstances--as strikes and public pressure have forced wages up in some of the basic industries and caused them to lose their advantage, the Chinese have written those industries off, and are now moving their emphasis into higher-wage higher-value-added industries like infrastructure construction, engineering and agribusiness, and are already nosing around Asia and Africa to offer their services, thereby expanding their overseas markets as well as their political influence.

    They are managing their economy far better than either Cold War superpower did.

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