Posted 2 years ago on Sept. 1, 2018, 10:16 a.m. EST by agkaiser
from Fredericksburg, TX
This content is user submitted and not an official statement
We're regressing to a feudal like hierarchy.
"Hudson: As Samir Amin said at the meeting yesterday, China is the economy that is trying to be the exception to the Western economic model. That model is forcing a choice between civilization and barbarism. The West is moving rapidly into economic barbarism and militarism.
"As you can see, the austerity program of the Euro is destroying the economy there. The United States is cutting taxes on the rich, while indebting the working class very highly. The one country that is independent and not taking the advice of the World Bank and the International Monetary Fund is China.
"So we're hoping to do what we can to make the Chinese economy successfully resistant. What that means is how is China going to handle its real estate, how is it going to handle its debt, how is it going to handle its tax system." - reprinted on August 8, 2018 at Naked Capitalism