Friday, September 5, 2008

China's Fall

Following up on Phil's great post below, this quote from Nicholas Kristoff caught my eye a few weeks ago: “China’s per-capita income was actually lower, adjusted for inflation, in the 1950s than it had been at the end of the Song Dynasty in the 1270s.” (NYT). The rest of the article eloquently lays out the case that we need not fear China’s rise.

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