I was thinking about the recent mergers and acquisitions between various financial institutions on Wall Street. One can make a similar argument in the case of China and America. Lets see. China is good at savings, investment and production. America is good at spending, consumption and innovation. Why not merge these two countries?
That way, the bad assets on the balance sheet of America i.e the US Federal Reserve can be absorbed by the Chinese and the goods produced (i.e. the measure of level of unemployment) by the Chinese can be absorbed by America. Neat solution to avoid the problem of currency, deficit, reserves, free trade, WTO etc etc. The North American region will become the state/ province of Western Chinamer while the Asian China region will become the state/ province of Eastern Chinamer. The political systems in each of the provinces will remain the same as it is now. The financial systems will remain the same as well. The citizens will get dual citizenship but they will not be allowed to immigrate geographically. McDonalds and Starbucks will continue to goto China. Noodles, textiles and toys will come to America. There wont be any recession for a long time.
By the time the next recession comes, India will be ready to merge with Chinamer. That way recessions will be perpetually tackled on Earth. Then we can think of space colonies! Ah damn my imagination. Huh. On second thoughts, 'Chimera' seems to be a better name.
That way, the bad assets on the balance sheet of America i.e the US Federal Reserve can be absorbed by the Chinese and the goods produced (i.e. the measure of level of unemployment) by the Chinese can be absorbed by America. Neat solution to avoid the problem of currency, deficit, reserves, free trade, WTO etc etc. The North American region will become the state/ province of Western Chinamer while the Asian China region will become the state/ province of Eastern Chinamer. The political systems in each of the provinces will remain the same as it is now. The financial systems will remain the same as well. The citizens will get dual citizenship but they will not be allowed to immigrate geographically. McDonalds and Starbucks will continue to goto China. Noodles, textiles and toys will come to America. There wont be any recession for a long time.
By the time the next recession comes, India will be ready to merge with Chinamer. That way recessions will be perpetually tackled on Earth. Then we can think of space colonies! Ah damn my imagination. Huh. On second thoughts, 'Chimera' seems to be a better name.
Chimera - what a way to end the post! Well done sir, let thy imagination fly high (no rhymes intended).
ReplyDeleteIf only things were so simple, assimov's foundation series would have become economic text books used for education.
ReplyDeletedude, who would have imagined lehman to crash, and others to merge. Unprecedented times lead to unprecedented outcomes.
ReplyDelete