The Bogus Chinese Threat

For years now I have been hearing that the future belongs to China.  How economic growth has been averaging more than 10% per year for the past decade in China.  How China will rule the eonomic world leaving the U.S. in the dust.  Well, for starters even if comparative growth rates are maintained for the next 25-years, the U.S. economy will still be bigger than the Chinese.  Currently, the Chinese are putting on an Olympic show and they hope all the world to witness the Chinese miracle.  For my part, when I was watching a report this morning from Bejing the pollution was so thick you could have cut it with a knife.  I really don’t think we have anyting to fear from the Chinese.  They could all choke to death on their pollution and decline in world power. 

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