Posted at WatchingAmerica.com, this article from the U.K.’s Daily Telegraph made me smile.
The piece quotes a very senior Chinese official telling more good sense about their and our (America’s) economic problems than we can hear from 100 experts on American cable TV.
It describes the (almost perfect) asymmetry between the U.S.’s and Chinese economic challenges as
The US spends tomorrow’s money today. We Chinese spend today’s money tomorrow.
Indeed. And as we will see in the coming years, the consequences won’t be symmetrical, either.
The symmetry (stretching the meaning somewhat) is in our Chinese’s friend’s gentle advice in the form of a direct quote from one of the Americans who appear on those little bits of green paper with which we’re having so many problems, Benjamin Franklin…
He who goes borrowing, goes sorrowing.
Right again.
I refer you to some earlier thoughts…
Robin Koerner is a British-born citizen of the USA, who currently serves as Academic Dean of the John Locke Institute. He holds graduate degrees in both Physics and the Philosophy of Science from the University of Cambridge (U.K.). He is also the founder of WatchingAmerica.com, an organization of over 100 volunteers that translates and posts in English views about the USA from all over the world.
Robin may be best known for having coined the term “Blue Republican” to refer to liberals and independents who joined the GOP to support Ron Paul’s bid for the presidency in 2012 (and, in so doing, launching the largest coalition that existed for that candidate).
Robin’s current work as a trainer and a consultant, and his book If You Can Keep It , focus on overcoming distrust and bridging ideological division to improve politics and lives. His current project, Humilitarian, promotes humility and civility as a basis for improved political discourse and outcomes.