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Ralph,
Interesting you should take exception to this article which is at best a
superficial attempt to pontificate on the global economic mess. Such
nonsense is best ignored. I had to read it once I read your diatribe
against the rest of the world. Generalisations by their very nature are
essentially flawed including yours about global jealousy of America. Some
of the issues raised in the article e.g. the Glass-Steagal Act repeal,
negative savings rate etc. etc. - have been raised on this very
forum by some very senior and clued in members of the list - patriotic
americans if I am not mistaken- and have merit in them. As for screwing
the ROW you are welcome to try. LOL LOL
Best wishes for success in your marathon endeavour.
Regards
Rakesh
At 11:00 AM 10/6/01 -0400, you wrote:
I read the article in the UK
Spectator and I'm really annoyed. It gives the impression that everyone
else in the world in holier than thou and has no responsibilities in this
WORLD economic implosion -- it's only American greed. The sublime message
was that America alone is the demon because it worshiped the stock
market. Well, how about you SLAWEKP, aren't you following the stock
markets? And how about all the other internationals that are part of this
list? Don't you guys and gal also have a stake in it? I'm really getting
sick and tired of people attempting to dump on my country. Ask yourself,
how did the American economy suck up vast resources from the rest of the
world to feed our capital markets? It was plain greed by everyone else
willing to contribute for greed, and we all share in this as human
beings, even you SLAWEKP. As for this recession, it's world-wide and not
just here. As for selling off much of our industries, the Japanese bought
a lot before their collapse in the '80s and then we bought most of it
back at fire sale prices, and maybe the same will happen again. As for
China having an asian market to buffer its economy, bunk! Most of their
trade is with the US. If we stop buying the junk they produce by slave
labor, you'll see what over capacity really is. China will have the same
over capacity as all that unlit fiber the article talked about. Also, the
article subtly tends to brag about the other regional economies, the EU
not mentioned, but implied. Well, between North and South America, we
have a pretty damned good infrastructure, as well. America has been the
world's energizer battery and all that prevails, lately, is a gleam in
some eyes that we appear to be stumbling and in the worst case there's
outright jealousy and hostility, as we've seen with the WTC attack. The
more I read dribble like that in the UK Spectator, the more I become an
American that would be very happy to return to isolationism -- screw the
rest of the world. As all humans are greedy, they are also hypocrites.
I'm fully coming to understand Caesar's remark: "et tu Brutus!"
Ralph
SLAWEKP@xxxxxxx wrote:
here is view from abroad on USA
<A
HREF="http://www.spectator.co.uk/article.php3?table=old§ion=current&issue=2001-09-29&id=1133";>The
Spectator.co.uk</A>
http://www.spectator.co.uk/article.php3?table=old§ion=current&issue=2001-09-29&id=1133
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