Chinese electric cars, courtesy of the NY Times

Chinese electric cars, courtesy of the NY Times

There’s plenty of uncertainty on what the future holds, but one thing is for sure, the 21st century will not be like the 20th.

While Obama and Gordron Brown try to convince the Europeans not to take away our capitalism toys, the Chinese are making exactly the kinds of massive public investments in the future that Krugman and others have argued the US must make in order to stay relevant. The money isn’t the problem. Excluding some rightwing nutters in Congress, our country has signed on to the idea that something must be done (other than cut taxes) to ameliorate this economic crisis. But why isn’t any of that money going to beef up Amtrak or the MTA? The answer: no one in power in America, either Democrat or Republican, has a 21st century vision.

But the Chinese have it.

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