Wolfensohn pointed to both China's and India's recent substantial investments in Africa as an example of how the two emerging giants were exercising their increasing clout on the global stage.Rednecks and smug suburbanites everywhere are already lamenting not being able to chant We're Number One! The thought of being less than number two is more than they cane handle.
"Within the last two weeks the world has been put on notice that Africa is no longer the basket case that everybody had historically thought it was but is now front and centre in terms of development by India and China."
The phenomenal rally by the two countries was a return to form rather than a novelty, he said, as they together had accounted for 50 percent of global GDP from the 1500s until the industrial revolution reduced that to between five and seven percent.
Either that or some new technological push will come along that propells the Americas back to the fore. Hey! What about coca? Perhaps it can fuel another couple of fantastic decades like the 70's and 80's.
But seriously, America. How hard would it be to work a little harder and... Oh, fuck it! Give me a beer and the remote.
1 comment:
China and India are growing economies because they have more people then anyone in the world and have finally entered the 21st century as far as free markets (of a sort) are concerned. China's citizens can finally buy stuff from a variety of sources and they have money from their jobs making goods for Walmart. They even have cars now.
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