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Thread: Preference for Sons in China leads to U.S financial crisis?
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[quote=ALECESNE,372283]So now that a hand full of you have decided to point out the obvious... that throwing off sex ratios through an unnatural process is foolish... lets return to the question at hand; should we look for a connection between demographic changes in China and the U.S. real estate bubble? I think there are better things to blame than the one-child policy, like the irrational spending habits of so many U.S. mortgage holders and the equally irriesponsible lending practices of so many investment banks. Blaming China for financing U.S. overconsumption is like blaming a friend who loaned you money for your hangover after a night of drinking; sure you would not have been able to poison yourself to the same extent without help, but agency, and thus the burden of responsibility should fall on the shoulders of those actively making unwise choices. If we are going to assert that the one Child policy is responsible for a misallocation of resources and capital in the U.S., we are not so much looking for rational causes for a phenomenon, but rather seeking an excuse to blame China for our own vile investment decisions, their disastrous consequences. [/quote]
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