Posted by mseidner on February 07, 2006 at 18:30:47:
In Reply to: Re: you know NOTHING posted by Francis on February 07, 2006 at 04:33:27:
no bangs Francis
Big problem for Europe and America The global labor market is the battleground of globalization, and they are losing this war. Europe has a protracted period of very high unemployment, the US has flat job growth and falling wages. Americans and European workers must compete against those in China who work for 10% of their salary, and in India, which is only half of China's! In the US, even though workers are becoming more productive, which SHOULD have raised incomes, it didn't, becasue of this global competition. Those who are benefiting from this phenomena are a special class of Western society. The executive class. Events in the middle-east and in SE Asia are just distractions. Want to disrupt the Islamic nations? Looks like all you need to do is to draw a cartoon. America will fall the same way the Soviet Union did, becasue no one belived in it any more when it started to fracture. When the American middle-class is squeezed out of existence, every form of radicalism in the world will spring up and bloom there. It'll be interesting to watch.....
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