Global capital is through its policy-making economists destroying the US by shipping US wealth , skills, and assets to other countries, primarily those that most successfully repress their people -- primarily China for manufactured goods and India for services.
Why? I can think of two possible reasons. One is subjugation; someone whats the US to be weak and controllable, for some strategic reason, this would be the historical argument.
Another possible reason is linked to the free-market, a fairly new concept in historical terms; according to free market economics, everyone must pay -- nothing can be free.
The problem for the free marketeers is would be that Americans are the most charitable people in history, or were until the first devastating crash, the tech crash of 2000 that brought economic decline to a depression levels. Everyone I have talked to assumes there will be an equal crash soon based on the housing credit bubble -- but this time American families have no savings to rely on.
This is a good question; this is the first time in history a major power has from within handed over its assets to foreign powers that never even asked for them.
Infiltration ??? Savants ???
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Posted: Friday February 8, 2008, 8:35 am Tags: [add/edit tags]
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