On Thu, Oct 2, 2008 at 11:52 AM, Vivec wrote: > http://news.bbc.co.uk/2/hi/business/7645743.stm > > Some see this as a pivotal moment. > The political philosopher John Gray, who recently retired as a > professor at the London School of Economics, wrote in the London paper > The Observer: > The American free-market creed has self-destructed while countries > that retained overall control of markets have been vindicated." >
What is he talking about? Europe is facing its own financial storm. Japan spent a decade in a banking recession. Half of Asia was almost wiped out ten years ago in a banking crisis, Russia was almost wiped out in the after-effects. Which countries exactly does he mean? On the larger point, everyone has understood for twenty years that the 21st century would be known as the Asian century, as China, India, and the economies of Southeast Asia worked to build industrialized economies. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:271986 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
