China Sliding Into Not Recession, But Worse? 1930s-Style Trade Wars Loom.

[cieldumort]

Times Online:Violent unrest rocks China as crisis hits
The collapse of the export trade has left millions without work and
set off a wave of social instability, writes Michael Sheridan in Hong Kong.Bankruptcies, unemployment and social unrest are spreading more widely in China than officially reported, according to independent research that paints

Comments

Barbarians

[theheretic]

Ya know, I'm real curious to see if they go with tariffs, the USA I mean. With this new president and all his advisors and the collapse of the dollar and rising unemployment, the urge for bread and circuses must be rather strong. It worked for the Romans, so long as they needed a distraction. We've got that Stuporbowl for the circuses, and we grow enough food to feed 2 billion people so that's covered as well. Just a matter of employing enough people to there's no civil uprising, at least not one that can't be sectioned up with commercial breaks to sell antacids and headache pills.

The main problem, as I see it, is that the public has become entirely logical and limited their cares to self-interest. You'd think that would be a good thing, but when mixed with the Rat Race, competing with ones neighbors for food, mates, traffic room, parking spaces, jobs, and influence you end up with a civilization that the Vandals would easily recognize. We don't have to wait for the Barbarians to be at the gates. We are the barbarians. Nevermind who to blame, but what can we do about it? Nothing that I can see.

Re: Barbarians

[fischlehrer]

Optimist.

Re: Barbarians

[cieldumort]

We shall see. I really didn't care for that saber rattling from Geithner.