uh... he isn't stating that China's rise is a failing of capitalism. He is stating that the international financial marketplace was seeming unable to absorb the huge flows of capital out of china generated by their ginourmous CA surplus. THAT was the failing he pointed to.
Overstated, perhaps... but not redikkulous.... china was in fact the crack dealer that kept feeding our fix through this bubble.
Last edited by mcsluggo; 03-10-2009 at 10:00 AM.
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