Wednesday, October 08, 2003

BUSH'S BI-POLAR DISORDER. Peter Hayes has penned a thoughtful essay on the North Korean nuclear issue and the ways in which the U.S. can help or hurt the situation. He has an interesting vision of the near-term future of North Korea
Much more likely than collapse or a coup dreamed about by hawks in Washington is the possibility that, within a decade, big party bosses and players in North Korea will be operating vertically and horizontally in integrated trading empires that look, feel, and sound like South Korean chaebols, such as Hyundai and Daewoo, with global operations but concentrated on a zone of urban-industrial commerce and manufacturing along the northern side of the DMZ. There will be at least a dozen or so North Korean billionaires selling real estate at Panmunjon. The big question is: Will they be armed with nuclear weapons?
I'm not sure that I buy his "Ukrainian solution" but it is worth thinking about.

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