Explains that current global economic power is steadily shifting away from the United States to foreign countries and private investors in ways that the U.S. government cannot control and the average American knows nothing about. Reprint.And China won because we lost sight of how much money we had and our deficits got too high. China, for its part, played a more businesslike strategy. It locked up resources, played conservatively, and did pretty much all the things ita#39;s doing in the world today. ... Therea#39;s an old financial proverb attributed to the billionaire oil magnate J. Paul Getty that goes: aIf you owe the bank $100, thata#39;s your problem.
|Title||:||The Shadow Market|
|Author||:||Eric J. Weiner|
|Publisher||:||Simon and Schuster - 2011-10-11|