Thank goodness the corporate media gives them constant fawning attention.

I should have replied to wrinkles directly but choose instead to amplify on your response. You’re right to call me on the China claim although here is a link that shows China at the bottom of the G8 before 2001 and right near the top today. This supports my thesis.
http://www.waseem.com/wp-conte…..-trade.png

Another interesting reference is this on China’s success story…
http://democracyforum.blogspot…..story.html
It shows a simpler evolution of China’s gdp growth. To be fair, it took off in ‘92, paused when our tech bubble popped and zoomed up after that. Must have been all that sheet rock.

As an aside, here’s a piece from ‘96 on FDI — Foreign direct investment:

http://www.wto.org/english/new…..r057_e.htm

Foreign direct investment is also viewed as a way of increasing the efficiency with which the world’s scarce resources are used. A recent and specific example is the perceived role of FDI in efforts to stimulate economic growth in many of the world’s poorest countries. Partly this is because of the expected continued decline in the role of development assistance (on which these countries have traditionally relied heavily), and the resulting search for alternative sources of foreign capital. More importantly, FDI, very little of which currently flows to the poorest countries, can be a source not just of badly needed capital, but also of new technology and intangibles such as organizational and managerial skills, and marketing networks. FDI can also provide a stimulus to competition, innovation, savings and capital formation, and through these effects, to job creation and economic growth. Along with major reforms in domestic policies and practices in the poorest countries, this is precisely what is needed to turn-around an otherwise pessimistic outlook.

Think about what an extraordinary opportunity China has using their great financial reserves in a program of targeted FDI throughout the world. It kind of boggles the mind.

But thanks for sharing the OTopic thoughts . . .

Although calling China a dead last anything since the 50’s is a bit, erm, inaccurate.

http://www.nytimes.com/2009/09…..38;emc=rss

WASHINGTON — The president of the World Bank said on Monday that America’s days as an unchallenged economic superpower might be numbered and that the dollar was likely to lose its favored position as the euro and the Chinese renminbi assume bigger roles.

So here’s a Communist country who went from dead last to a stunning second place in the panoply of world powers during the Bush regime. Commies cum capitalists eh? You can trust the Communists! Besides they own us now. Thanks to The Republicans “just go shopping” mandate!!! Barry Goldwater would puke on today’s so-called republican party. It is really disgusting to consider how incredibly inept our so-called loyal opposition has become. What an embarrassment! Plus it just sucks to have a conversation with a piece of dilapidated furniture. Republicanism has all but vanished from the face of the earth. What passes for a conservative viewpoint isn’t worth the paper it is printed on. Not that there are enough fish left to wrap with it.

I pity the phool if it answers ya . . *G*