Alarm bells on China

The Washington Times

"The 'global economy' is not based on the 'harmony of interests' once envisioned by 19th century classical liberals, but on cut-throat competition. Winners and losers in these commercial contests impact the national societies in which they operate. Where factories and research labs are located, where high-skilled jobs and workers reside, where income is earned, spent and invested and where education and enterprise are fostered make all the difference in the world. There is no world community in any meaningful sense. Energetic nations rise, complacent ones decline. If globalization is anything more than a catch phrase, it means the age-old struggle for wealth and power is now waged worldwide. It matters more than ever who comes out ahead." Full story.