Wednesday, December 21, 2005

China and the Shoe Event Horizon

China has passed Italy in economic size

That makes China the new sixth largest economy. Judging for the comment I’ve seen today, it should passes the UK and France in the next year or so, to become the forth largest economy, behind the US, Japan and Germany.

All this reminds me of something my dear old dad said 10 or 15 years ago.

That he hoped that the Chinese people start demanding their share of China’s action (in wages & a better quality of life), before all jobs and production got sucked into China.

This always reminded me of the Shoe Event Horizon from The Hitchhiker’s Guide to the Galaxy.

But I found some stuff that said this happened in 2001

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