. Financial Times concedes world to China and India
“Over the next 30 years, China and India will grow to dominate the world economy. They will give birth to great industrial companies that own plants all around the world. National pride may suffer a little but economic nationalism and imperialism have had their day and that can only be a good thing.†Wow, UK globalists really need to talk to George W. and clue him into the future. What brought the former colonialists of England to accept their national decline; Tata of India is buying Corus, or what is the entire steel industry of the UK and the Netherlands. As the Financial Times points out, the historic tables have turned, not only has the British East India Company disappeared but “the current wave of globalisation, in contrast to that of the 19th century, is led by the developing as much as the developed world.†Moreover, no one in the UK, not politicians nor workers, raised an alarm. Transnational capital has truly become global. (FT, 10/21/06 Empire strikes back as Tata bids for Corus, p. 6) (more...)
email2friend