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But US GDP also contains the largest fraction of fictional cash flows and funny bookkeeping in any of the major trading blocs. What does it look like when you deduct Wall Street, London and Singapore from the GDP figures?

A large part of the Chinese GHG pollution goes towards producing stuff for The WestTM. What about proposing that as long as they cut GHG pollution but a set target (say 3 percent of 2010 levels every year), we'll make them whole on any current accounts losses they might incur.

And, of course, the most important thing we could do vis-a-vis China would be to give them unfettered access to state-of-the-art European energy conservation technology (possibly subject to export restrictions), rather than putting up artificial barriers to technology transfer.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Aug 3rd, 2009 at 01:53:16 PM EST
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