The World Economy and "Chindia"

I just read Trudy Rubin's article, "waiting for a new conductor", and I learned a new word today.
Some experts predict by 2050 if not before we will be surpassed economically by both China and India, the new rise in those two economies has been named "Chindia." Given the obvious growth going on in Chindia and the damage congress does to our own financial market with high tax rates we need to really look at reforming our tax policies, and our business methods. There are a number of financial service companies that have chosen to headquarter in London rather than New York because of the less restrictive taxes and paperwork of the Sarbanes-Oxley Act.

We can have a booming economy if we unleash our entrepreneurs, and let them tackle problems in health, education, energy, conservation and other areas. People solve problems not government. I'm reading Newt Gingrich's "Real Change," and will post on it when I finish, but it looks great so far.