Thursday, February 4, 2010

George F. Will - A growth lesson from China -

George Will takes in the game as the Washingto...Image via Wikipedia

by George Will

While China increasingly invests in its future, America increasingly invests in its past: the elderly. China's ascent to global economic hegemony could be slowed or derailed by unforeseen scarcities or social fissures. America's destiny is demographic, and therefore is inexorable and predictable, which makes the nation's fiscal mismanagement, by both parties, especially shocking.

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