Page added on July 12, 2005
The glamorous Maria Bartiromo was just on CNBC talking globalism (and China in particular) with two Wall Street cretins. China is a great play said Cretin No. 1 because they have 300 million potential middle class customers for America’s manufacturers. Excuse me, what do we still make that the Chinese either can’t make themselves or can’t copy five minutes from now?
As Cretin No. 2 waxed effulgent over China’s fabulous prospects for growth, CNBC flashed a bunch of American brand logos across the screen, including Pepsi Cola and Exxon-Mobil. These companies are going to so clean up over there, Cretin No. 1 chimed in, or the shareholders are going to want to know the reason why.
Kunstler.com
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