Monday, August 29, 2005

Time to kowtow

Bamber Gascoigne's 'A Brief History of the Dynasties of China' was a good read. Especially in the light of EU vs China trade 'negotiations'...you see, people - it's a dog-eat-dog world out there and 'fair is foul and foul is fair'...so I suppose payback's a rather bitter pill to swallow. The world didn't lift a finger when the Summer Palace was pillaged; as long as Qing dynasty bronze sculptures keep coming up for auction I'm pretty sure we'll just see more of the same. Yes, yes - forgive and forget - let the sins of the past not be visited on those who dwell in the present; but that's not quite the same when you look at the Chinese time frame. EU central bankers think in terms of fiscal quarters; Chinese emperors plan for the next century...so let's do the right thing and allow the engine of laissez-faire economics to hum along nicely.

Heartfelt sympathies to the suffering people of New Orleans...brace yourself for Hurricane Katrina, folks...that looks like one hell of a storm.

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