The Great Recession, according to author and columnist Thomas Friedman, is a warning heart attack for Americans to change their economic growth pattern.
We in America were building more and more stores, to sell more and more stuff, that would be manufactured in more and more Chinese factories, powered by more and more coal, allowing them to earn more and more dollars, to buy more and more T-bills, to be circulated back to America to build more and more stores, he said. A rather appropriate summary of the American economy of the aughts.
Friedman spoke at last week's opening of the Hong Kong University of Science and Technology's Division of Environment on the latest edition...
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