Sunday, June 26, 2011

Steve Keen on How Australia is vulnerable to China

Associate Professor Steve Keen , Australia benefited greatly during China 's massive stimulus , China was a very successful case a very intelligent industrialization at the expense of the west , the Chinese growth was funded mainly with the American debt particularly the working class and the middle class in America . China exported to an American bubble which ended in 2007 2008 , and China responded by starting their own bubble

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