A Quote by Umberto Eco
With all of its defects, the global market makes war less likely, even between the USA and China.
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With all of its defects, the global market makes war less likely, even between the U.S.A. and China.
A dramatic unwinding of that relationship [between USA and China], by way of an aggressive trade policy, is one of the nightmare scenarios for the global economy as a whole, because it would result in a spiraling depreciation of the dollar, a surge in American interests rates, a collapse in the market for American government debt.
I think global warming is the gravest threat. With global warming, it's the product of a war between old energy - between the carbon cronies, who, by the way, could not stay in business in a true free market capitalism.
You cannot just depend on the market, because the market will say: China needs oil; China needs coal; China needs whatever, and Africa has got all these things in abundance. And we go there and get them, and the more we develop the Chinese economy, the larger the manufacturing is, the more we need global markets - sell it to the Africans which indeed might very well destroy whatever infant industries are trying to develop on the continent. That is what the market would do.
One of the three big factors that count against war in the relationship between China and the U.S. are, first, nuclear weapons and even a condition of mutual assured destruction. Secondly, one's got two economies that have become so deeply interlaced that a war between the U.S. and China would leave Wal-Marts empty and Chinese factories producing for nothing. Thirdly, climate - if between the two of us, we keep doing what we're doing, we can create a climate in which our grandchildren won't be able to live.
Oil is a tangible commodity, so there is a global market. The fact that we may need less may affect the global price because we're big consumers: we probably take about a quarter of global demand. But if suddenly, let's just use a crazy example, fighting in the Middle East led to the closure of the Strait of Hormuz and no oil could get out through the Strait of Hormuz, well that would affect China, India, Europe, it will affect the whole global economy. It will affect us, too, then.
Every extra year you spend in a better environment makes you more likely to go to college, less likely to have a teenage pregnancy, makes you earn more as an adult, makes you more likely to have a stable family situation, be married, for instance, when you're an adult.
Is France a completely open market to G.E.? No, of course not. I think we're more discerning about China because it's China, and they're big, and they're more concerning. But the best global companies are ones that are nuanced.
China is not only formidable, it is also aggressively building its own economic infrastructure. Just a few years from now, China will rival the U.S. and the European Union in global market power. It already has surpassed us in population.
[When] the market is trying to get to terms with, first, lower global growth, particularly out of emerging markets and China. And, second, the market is worried the central banks have run out of ammunition. So put these two things together, and then investors are repricing the market lower.
In 2006, I became the fist American to be allowed to go visit their astronaut center in China in Beijing. I think that it makes sense for the U.S. to work with China in the future and I hope to see, if the political atmosphere between the United States and China allow for us to do more cooperation together, especially in the area of human space flight. I think in the same way that it's help improve the relations between the U.S. and Russia; it would help to improve the relations between the U.S. and China.
But if USA has 1.3 billion people, USA would have the same human rights problem just like China.
[Young people] are much less likely to express attitudes that defied us between us and them. They see themselves as part of a global economy that they can navigate successfully.
China frequently confounds stock market prognosticators because it has a penchant for straying markedly from other broad global indexes year-by-year over the decades - even from emerging markets. It's hit or miss.
I've often said that the desire to lecture China on how it should behave in the world is wrong. China was around for thousands of years even before America existed. It could even be that China's growing power will allow itself to be slowed down. But as long as this immense empire doesn't fall apart, it will become an important factor in global politics.
If I had written King Lear, I would regret it all my life afterwards. Because that work is so big, that its defects show as huge, its monstrous defects, things even minimal in between some scenes and their possible perfection. It's not the sun with spots; it's a broken greek statue.
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