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corporate dominance | economic justice

The week that China began to rule the world

The crisis has shifted the balance of power on Wall Street in China's favor. The money is often borrowed from the same countries, such as China, that are selling us the goods.
Charles Ponzi's investment scheme paid returns to existing members not from successful investments but out of the subscriptions of new members.

Addiction to debt has been led by a financial services industry bloated to many times its natural size. Wall Street having asset-stripped domestic industry set about lending consumers the money to buy imported goods that we no longer make.

to read Dan Atkinson's article published on: Mail Online, 9/21/2008, click on
 http://www.dailymail.co.uk/news/article-1058870/The-week-China-began-rule-world.html#

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