There is in China at the moment a sense of boundless optimism, rather I suspect as it was in the US in the 1950's. The to-do around the Nobel Prize to Liu Xiaobo is rather more about this (from the Chinese side i.e. "we want to be judged on our (economically successful) terms not your (failing) ones... than it is about the in's or out's of Human Rights So the issue is not whether they can help to bail out Europe but how could they not (take on the responsibilities that go with their new position of self-perceived global leadership... M
-----Original Message----- From: Keith Hudson [mailto:[email protected]] Sent: Tuesday, December 21, 2010 11:11 AM To: RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION; Michael Gurstein Subject: Re: [Futurework] CNN: China extends help to tackle euro crisis At 09:48 21/12/2010 -0800, you wrote: http://edition.cnn.com/2010/BUSINESS/12/21/china.eurozone.ft/index.html?hpt= T2 China stepping forward to take on the role rapidly being abandoned by the faltering US as the stabilizer of the world's financial system? Well, it could be. I was writing only this morning that I didn't think that China would help Europe much. The above suggests I was wrong. We'll have to see just how much China will help. What with its own huge problems (trying to create enough employment for its rural people), and subsidizing American government debt, and investing heavily in Africa I can't see how it can help all that much. K M _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework Keith Hudson, Saltford, England http://allisstatus.wordpress.com/2010/12/
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