Panda Kong:
Roar!
IF THE guest list determined a meeting’s value, the Strategic Economic Dialogue between China and America on May 22nd would be a roaring success. Almost half the Chinese cabinet is trooping to Washington, DC, for the second of the twice-yearly discussions, conceived by Hank Paulson, America’s treasury secretary, between the world’s largest economy and its fastest-growing one. The process was designed, in large part, as an antidote to the latest case of Asiaphobia among America’s politicians. [America’s fear of China. The Economist. May 17 2007]
p/s — also at The Economist:
Conservationists—and polar bears—should heed the lessons of economics.
[…]
One reason for this taxonomic inflation is that the idea of a species becoming extinct is easy to grasp, and thus easy to make laws about. Subspecies just do not carry as much political clout. The other is that upgrading subspecies into species simultaneously increases the number of rare species (by fragmenting populations) and augments the biodiversity of a piece of habitat and thus its claim for protection.
In the short term, this strategy helps conservationists by intensifying the perceived threat of extinction. In the long term, as every economist knows, inflation brings devaluation. Rarity is not merely determined by the number of individuals in a species, it is also about how unusual that species is. If there are only two species of elephant, African and Indian, losing one matters a lot. Subdivide the African population, as some taxonomists propose, and perceptions of scarcity may shift. [Hail Linnaeus. The Economist. May 17 2007]