The American is an interesting new business magazine, edited by James K Glassman. In the February issue, there’s an article by John Makin on China’s new Tibetan railway. The article starts with the following comparison: In 2005, Americans spent about $10 billion on women’s intimate apparel. During the period 2001-2006, China spent $4 billion building the 710-mile rail line from Golmud to Lhasa. From this comparison, Makin draws the conclusion that the contrast:
…highlights the difference today between the richest country in the world and the country that is gaining wealth at the fastest pace. One is consuming, the other investing.