There are also the bought protestors who are getting paid to hold signs. If a movement is legit and sincere, why is there any need to hire picket line mercenaries? And where is that money coming from? Labor unions, a lot of which are just as bad as corporations when it comes to buying our government.
Angelique wrote:OWS is not grassroots, though. It was orchestrated in Canada and has a money trail going to China. I do indeed suspect there is political foul play in this- and the stated goal is to destabilize the nation. I'm not into corporate greed and politicians pimping themselves for campaign funding, but if people mean half the crap they're saying about violent revolution or knocking down a country that- flaws notwithstanding- is still a pretty good place- they deserve stiff opposition. Instability is not inevitable. If it happens, it is entirely the fault of all sides who are unwilling to cooperate.
That's the size of the Chinese economy, now the second largest in the world, after the U.S.'s. China contributed 19% of global economic growth in 2010, and that's expected to increase to 24% this year. China's strength is essential to the recoveries of both the U.S. and Europe; if Beijing crashes, the reverberations will be felt from Boise to Brussels.
And plenty of smart people are worried that it will. It may seem strange to Americans who hear so much about the rise of Asia and the pressure of Chinese competitiveness, but there are big questions about China's future. For more than 30 years, the Chinese miracle has been built on cheap labor, cheap land and cheap capital. But the model is starting to break down. China's banks, which have doled out too many bad loans, are perhaps as troubled as those in the West. The frothiness of the real estate market in major Chinese cities makes the U.S. housing peaks of 2007 look positively staid. Inflation is growing, as are unemployment--particularly among the middle classes, for whom, as in the U.S., there aren't enough high-level jobs--and social unrest. China's own Premier, Wen Jiabao, calls his nation's economy "unbalanced, uncoordinated and unsustainable."
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