Wed. Video

After watching Wednesday’s video I began thinking “is china really a superpower?”. 
United States has an unemployment rate of roughly 5%. Given many people are employed in the service industry, yet they are receiving a paycheck nonetheless. But in
China, people are marching in the streets because of unemployment. I understand that social unrest exist, and that every country and society march and protest, however I asked Dr. F if this was common in China and the answer was “yes” Yes, China is our largest debtor, but can we really consider a country who marches day after day in the streets over unemployment while another large portion of the population is making consumer goods in factories a “superpower”. I’m not sure. I will say that they’re damn good investors and smart ones at that, but how many citizens are investing on a personal level? 50% American regularly invest in stock, bonds, CDs, IRAs…etc. I’m not sure where
China is going, but I’m not too impressed. Furthermore for the all the Johnny RainClouds who will say “their hosting the Olympics in 2008″ remember that the city of 
Sarajevo hosted the Olympics too, and look where there are now. The Olympics are not a sign of prosperity. Atlanta got the Olympics but
New York did not….

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