Working For The Chinese

[KharmaTrain]

12. Welcome To The Global Economy

I recall people being majorly alarmed about Japan taking over the U.S. in the 80s...until their economy; based on producing for other's consumption (the U.S.) was surpassed (and undercut) by China. In an ideal world it'd be great if everything we bought was made in the USA but the economy is truly global and in many cases its helped more people than its hurt. Living standards in China, India and throughout Asia have dramatically improved in the past 20 years...but at a cost. Everyone's economy props everyone elses these day...a big reason why the banking mess in Europe has hurt our markets.