Thursday, July 14, 2005

China & Oil

The emergence of China as a world power should cause alarm among those of us in the capitalist, western world. I'm not suggesting that we should be alarmed due to xenophobic fears. The fact is, China is a emerging power with an autocratic, communist government. Their experiment of "controlled capitalism", using cheap labor and not respecting intellectual property rights, has ignited an economy that is one of the fastest growing in the world. Much of that revenue in recent years....
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