Search This Blog

Monday, July 25, 2011

Unintended Consequences

In 1978, Deng initiated a series of fundamental policy changes that would eventually release millions and millions of Chinese peasants to thousands of factories under contracts with Nike, Wal-Mart, and Motorola. Coupled with persistently low petroleum price in the 1980s and 1990s, advances in telecommunication technology, and other forces, this labor flood has killed a large portion of American industry.

Who would have thought.

No comments:

Petyr Baelish of Sichuan: Echoes of the 3 Kingdoms

Sometimes my mind makes unexpected associations. A few days ago I was talking to a couple of friends, who are of Sichuan (or Szechuan) ances...

Popular Posts