Post by pim on Nov 14, 2012 15:22:48 GMT 10
There is a downside, though, Earl. There's a cargo cult dimension to the idea of structuring our economy to being China's quarry (and farm! More and more!) If this gravy train goes on for another generation such that we're the Saudi Arabia of coal & iron ore then we allow our economy to become very narrowly based. In many ways we're at that point already ...