[lbo-talk] More on global capital's Chinese turn

[Wojtek S]

[WS:] It could also be that this piece is a  spin eager to find examples of
other countries "becoming like us" - which often involves making a mountain
out of a molehill. A great deal of foreign reporting in the US seems
organized around this trope.

Wojtek

On Mon, Jan 3, 2011 at 11:45 AM, <dredmond at efn.org> wrote:


> On Mon, January 3, 2011 6:21 am, Marv Gandall wrote:
>
> > Wall Street Warms to China Story
> > By GREGORY ZUCKERMAN
> > Wall Street Journal
> > January 2 2011
>
> Hmm, the amounts of money mentioned here aren't terribly significant,
> relative to things like FDI in China (though even FDI is only a small part
> of the story). One of the strange facts about the neoliberal era is that
> while Wall Street was running wild, the East Asian banks and Eurobanks
> were doing more traditional lending -- which is why Japan's banks are now
> solvent and why the Eurocrisis is in the EU periphery, not the core.
> Sounds like a few hedge fundsters are beginning to see that the writing on
> the post-American wall is in Russian, Latin American Spanish, Brazilian
> Portuguese and Mandarin Chinese.
>
> -- DRR
>
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