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View Diary: Bush's Jobs Pay $9000 LESS Per Year (74 comments)

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  •  Martin Wolf in the Financial Times (none)
    had a post-Davos take on the declining fortunes of the middle classes this morning:Confronting seismic economic shifts.  

    Basically, it boils down to viewing the past 200 years of human history and US/European dominance as an anomaly that is now being corrected.  Asia is where most of the world's population, education and competitive drive is concentrated.  They are going to kick our ass competing for resources, jobs, investment and education.  

    We American and European adults were privileged to be born into a dominant society.  The children being born in India and China and Southeast Asia are the lucky ones of the future.

    Could the USA be managing its decline better?  Sure.  But it's still going to be a harsh decline, and I'm not sure there is any way to sugar that pill for a country so stuck on being Number One.

    "Americans can always be counted on to do the right thing - after they have exhausted all other possibilities." Winston Churchill

    by LondonYank on Wed Feb 01, 2006 at 06:47:39 AM PST

    •  Not just how it's managing it. (none)
      It's actually escorting the middle and lower class into the new era, by making it more and more economically feasable to push those jobs overseas -- to make it cheaper for the rich to get richer.

      One of these days people over here will realize that their only good market, due to widespread unemployment and underemployment, is also overseas, and either go under or move abroad.

      Then we'll be left with...what?  Peasant farming?

      "There's no question that the minute I got elected, the storm clouds on the horizon were getting nearly directly overhead." - GWB, 5/11/01

      by Stymnus on Wed Feb 01, 2006 at 07:21:16 AM PST

      [ Parent ]

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