Comment 6554

By jason (registered) | Posted May 02, 2007 at 14:12:22

"Finally, capitalists being capitalists, they will likely abandon the very country that made it possible for them to make their fortunes, and create unprecendented flight of capital from the US to 'Chindia', further crippling the US (and Canada, too)."

this is already happening.

As for the China-India superpower...I too think that they want to avoid a Western collapse even more than the West. They know that if the US crashes and burns, so does their economy. It's nice to say "there will still be goods to sell the rest of the world", but the fact is, the US consumes like it's going out of style (wouldn't that be nice) and China/India will feel the heat in a big way if that slows down. Global recession is more likely, not just a Western recession.

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