Over the past 15 years I have had the privilege of traveling to China on a regular basis and have witnessed the fantastic economic miracle that has seen the transformation of China into a modern economy.

Cities such as Shanghai and Beijing have been literally transformed in less than a generation into gleaming cities that inspire awe in those that have seen this transformation. In almost all areas of the economy China has transformed itself into an industrial powerhouse and for all intensive purposes has caught up with the west in many critical areas.

In contrast to this continued and seemingly unending economic miracle the last decade has seen the United States first battered by September 11th then a series of costly wars. On the domestic economic front a series of unending economic problems. (more…)