The US road to recovery runs through Beijing says Asia Times Online, and Thomas Barnett emphatically agrees. Everyone is talking about how to reorganize the global economy, but mostly the discussion is about how to most efficiently export our recently collapsed model of growth to the developing world. Better this time around for sure, we say, but not fundamentally different in any way. The Chinese need (and want, it turns out) more domestic consumption and consumer debt.
Continue reading Rearranging vs. Reinventing the Global Economy