bhandari at berkeley.edu wrote:
>
> Moreover,
> with profits repatriated to the US and the US awash with cheap exports,
> why exactly are US pundits crying about the coming war with China? Do
> people on this list really think China's purchase of US financial assets
> is the first step in the colonization of America?
If one observed the world from the moon as it were, what one would see would be a huge transfer of usable goods from China to the U.S. The bookkeeping details would be invisible -- and events which evaporate such details are fairly common in capitalist history.
Carrol