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Monday, June 2, 2008

Thoughts on China...

I was reading an article in ET and a questions suddenly occurred to me. What kind of government does China has? Isn't it supposed to be communist and pro-labor, then how come Chinese companies are exploiting the worker category and US, supposed to be a free economy propagator, is imposing restrictions on China in order to promote better working conditions for workers.

The biggest irony of the US economy now is that it is looking forward to the chinese market to ward off an impending recession. US is hoping against hope the BRIC ( Brazil, Russia, India and China ) would prevent it from a great fall.

It's really sad to see that whatever form of government you have, economic factors take precedence over human factors.

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