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He'd be thrilled, because the pencils are of lower quality, environmental standards are lower, and workers are more likely to be abused. Like all conservatives, his intelligence was put to work masking his selfishness and sadism.
In particular, I'm referring to the famous productivity slowdown in the 70s and 80s attributed to, among many other things, the rise of the EPA and OSHA.
It's an unexamined assumption that this pattern began in 1998. What if it began in the 70s? Then China's rise is just another link in the chain.
Or maybe the economics profession is dominated by authoritarians. That would explain why so many people who lie a lot to support existing power structures are treated like they are trustworthy scientists.
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May 15, 2011