Reading as much market commentary as I do, I don’t think most people have even the slightest realistic inkling of the effect that China and India are going to have on the world financially, and in terms of raw prosperity, in the next decade or two to come. And you know what? I’m tired — really — of hearing and noting that China are a bunch of commies.
We’re a bunch of commies. What’s new?
What’s new is that you can be a commie and still have a nice house, two cars, and take a vacation every year. They’ve gone and done it (us, and them). They’ve figured out how to steal half of everything produced and still have a content population with citizens more prosperous than their parents.
The Shanghai Stock Exchange composite index has shot up about 50% this
year, following a 130% gain in 2006. The Shenzhen Stock Exchange’s
benchmark is up more than 100% in 2007.