Twofish's Blog

October 19, 2006

Utter dreck….

Filed under: china, finance — twofish @ 4:38 am

It’s rare that I read an article that almost makes me ill, but Rolling Stone has done it…..

http://www.rollingstone.com/politics/story/11943112/the_low_post_how_the_media_lies_about_china

What is happening is that people in China are taking awful jobs in order that are less awful than the alternative, and in the process, hundreds of millions of people have been lifted out of poverty.  If Rolling Stone can think of a better way of getting people living at decent standards of living, they should mention it, but they don’t.

The fact is that we live on one planet, and middle America is starting to be affected by the fact that a small fraction of the planet lives at much better standards of living than most of the remainder, and this is what is causing jobs to leak from Michigan to rural China.  In the long run, there is only one possible solution, and that is to boost standards of living throughout the world.

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