To Owe or Not to Owe??

The only reason for China's rise is the US exporting jobs, manufacturin and technology to China. In the US's greed and search for greater profits they gave away their competitive advantage (for free) to China. The offshoring of jobs, manufacturing and technology has led to the rise of China. Capitalism has lead to chinese (and other emerging economy) growth, not communism.

Communism dis-incentifies growth, because it is not rewarded. The search for greater profits (reward) by companies in developed countries sent them to China. This is capitalism at work.

I've started reading Guns, Germs and Steel which tries to answer the question "why did civilisation develop in some parts of the world and not others". The gist of it (so far) is that some peoples where just lucky enough to be in a location that had abundant resources. They could use intensive agriculture, which produced a food surplus, which enabled some members of society to become craftsmen, political leaders and the like. They were lucky enough to have the right rocks nearby, be on trade routes etc.

I'm starting to think the NBN could be a great resource (greater than I thought before). It's already worth $50B to the economy: www.abc.net.au/am/content/2011/s3283952.htm