The Remains of the Left Have Just Lost China

They're now claiming the world can't afford a rich China.

This is, of course, preposterous. The supposed reasons include the claim that “the world's supply of metal and oil would be unable to sustain” a China with the same number of cars per person as Germany. This ignores the fact that the Earth's crust is 5% iron and that cars need not run on fossil fuels. (If necessary, hydrogen can be synthesized using nuclear energy.)