observer Posted September 26, 2008 Report Share Posted September 26, 2008 The collapse of the US capitalist institutions, and the proposed bail out by every American to the tune of $2,000 each; does this signal the end of the US Empire? Meanwhile, in these troubled economic times, China has launched three men into space, and India will be launching a rocket to the moon; are these the new Emerging Empires?! Quote Link to comment Share on other sites More sharing options...
Bonzodog Posted September 26, 2008 Report Share Posted September 26, 2008 Sorry to disappoint you Obs, but I can't see the USA collapsing the way your Socialist paradise did 17 years ago. I do agree though, that the Chinese & Indian economies are going to make massive strides in the next few years; I'm just hoping that as the wealth of the individuals increase, they find their way to buying some of the Western goods & services. Of course what might happen is that as the Chinese individuals' wealth increases they look towards a different political system, which of course was a contributary factor in the changes in Eastern Europe 1989 / 90 Quote Link to comment Share on other sites More sharing options...
observer Posted September 26, 2008 Author Report Share Posted September 26, 2008 Nah Bonz, I don't equate totalitarian dictatorship with socialism, anymore than free range capitalism - they both breed elites and exploitation. As for China wanting "democracy"; they've spent thousands of years without it, and I've not noticed Communism in China prohibiting the creation of a wealthy elite, seems they'll allow capitalism in the engine room, just as long as they are steering the ship. . Quote Link to comment Share on other sites More sharing options...
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