[lbo-talk] Walmart, China and American De-industrialization

[Doug Henwood]

Eugene Vilensky wrote:


>Sigh.  Where is bottom?

Dunno, but this is starting to sound like Japan ca. 1988: the 
almighty industrial, and increasingly financial, power flattening 
half the landscape and buying up the rest. Senior government 
officials lecturing the U.S. on the need to get its house in order. A 
few years later, and the bubble burst. China's not going to go away 
(neither has Japan), but...

Doug