Loan Appetite in Emerging World Is Strong - WSJ.com

THE US SHOULD STOP BLAMING OTHERS AND LOOK WITHIN: Loan Appetite in Emerging World Is Strong - WSJ.com

Friedrich, all you say about China may well be true. It was certainly true in the US at that stage of the game.

But, the US shouldn't try to make believe that only the Chinese have glass houses. (A clear subject of discussion in the US is the impact of all the chemicals we have to ostensibly make life better and more comfortable.)

Notwithstanding the environmental lessons, it should be clear that to create economically competitive jobs, the US will need to have a better educated work force backed by larger amounts of capital.

Pandering to the liberal and teachers union academic agenda has reportedly left the current generation of US citizens less-well educated than earlier generations. And, all the hue and cry about wage gaps is a logical consequence of failures to educate and train.

As for additional investment, all it takes is a brief look at the cost of some new plant going in and a mathematical reflection on the cost per new permanent job to realize the US is under-investing. So, what do the politicians do? They beat up on investors and blame them for too few jobs. Instead the politicians should look in the mirror. Etc.

Americans should consider making positive changes to the American economy - rather than trying to make excuses to obviate the need for domestic structural economic changes!