Saturday, July 11, 2009

The China Syndrome

In an interview for the Financial Times, President Obama's chief economic advisor, Larry Summers, predicted that the American economy will become "less consumption-oriented"; "more export oriented"; "less energy-production-oriented"; "more environmentally-oriented"; "less financial-engineering-oriented"; "more bio- and software- and civil-engineering-oriented"; "less oriented to income growth that is disproportionate towards a very small share of the population"; and "more middle-class-oriented."

After reading that, I'm feeling a little disoriented.

No comments:

Post a Comment