Should a Great Nation Have Great Wealth or Great Debt?
Wednesday, April 30th, 2008Recently the CIA World Factbook on national account balances was dugg up and after reading this recent article about China’s accomplishments with regards to the 2008 Olympics in Beijing. It really struck home how nations with great wealth have the resources to ‘do’ things while nations with great debt (like many African nations) are strangled by their debtors.
To be sure, China is no shining example of freedom or the magnificent use of such resources but if they will it, they can achieve it. Surely having almost 1/2 trillion ‘in the bank’ cant be a bad thing.
Top 10 Account Balances:

Bottom 10 Account Balances:
