The story of rare earth minerals has many lessons, writes Paul Krugman
(NEWSER) - When Japan detained a Chinese fishing boat captain whose vessel had collided with two of its Coast Guard ships, China cut off its access to rare earths, the essential minerals on which China has a near-monopoly. For Paul Krugman, this highlights two concerns: First, that the US let “unreliable” China get “a stranglehold on key materials”; second, that new economic superpower China isn’t ready for the role, he writes in the New York Times . More»
