COMMENT
US enters 'checkbook war' with China
With its forces stretched thin in Iraq and Afghanistan and its leader nearing lame-duck status, some might argue the end of the so-called American empire is near. If Washington's influence is dwindling, a new confrontation will emerge in which nations compete in a "cash war" over access to natural resources. In this battle the biggest spender wins, and the US is already being outpaced by Beijing. - Dmitry Shlapentokh (Mar 14, '08)
http://www.atimes.com/atimes/China/JC15Ad02.html
Reflections from news and commentary of the day
Subscribe To
Posts
Comments
No comments:
Post a Comment