Having bailed out America, the Chinese have become wary about bailing out another loser. Which is slightly odd seein' as China has most of their jobs and sells them most of their trinkets and coloured beads. China relies on these losers to stop losing. But maybe they see the writing on the wall in upper case.
Well, China is the only one with any money since the US and Europe can't seem to scratch any up, and since there is a (mostly) limited amount of money they can't just give more money they don't have to other countries that have no money (although it often happens) anymore so they ask China with their trade surplus to cough it up.
China must do everything because they are allowed to pollute at will and pay slave labor wages. Funny how you talk about the wealth gap in America and the amount of poverty but seem to fancy China. America would still be an industrial giant if environmental regulations and labor laws didn't shutdown our industries. Same for Europe.
Funny but a good view. If only it was a joke [ame="http://www.youtube.com/watch?v=LyePCRkq620&feature=related"]World Economy Collapse explained in 3 minutes - YouTube[/ame]
Very true. If inflation could be brought back under control and the cost of living could go down, then wages could also be brought into check and there wouldn't be a huge gap in the amount of money workers make in America as compared to the rest of the world. China is winning currently because of the way they run their economic system; which brings me to my second point. It was discussed earlier how there is a finite amount of money in the world, but that isn't exactly the case for China. One of the reasons they can dominate in certain industries (including the commodities market) is because of the way they can control their money. With the streaks of Communism present in their government, they can print money and keep it at the same value without having to worry about inflation. Now, is this a good thing? If you're in China or part of the Chinese government, yes. If you're everyone else though, it can royally screw you.
