Monday, March 09, 2009
be careful what you wish for
In this video, Erin Burnett of CNBC says we should be careful what we wish for for China. The thrust of her argument is that if China starts making safe toys instead of toxic lead-coated ones, the toys will go up in price, which will cause Wal-Mart to raise its prices.
This is emblematic of idiotic, unsustainable economic thinking that thinks only of endless consumption and bottom-line throughput as indicators of a healthy economy. Baffling.
Seriously? China should make poisonous toys because because non-poisonous toys are more expensive??
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1 comments:
Sounds great. While we're at it, maybe we could add poison to baby formula while we're at it. Somehow I'm sure her twisted logic could make that seem like a sensible decision.
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