reader (the Second) said:I have been thinking that our convergence of globalization, a large deficit associated with the war in Iraq, and a lack of funding for education and science in our civil agencies is an ominous convergence for U.S. hegemony. Not to mention some of the ideological views of the U.S. administration. Thus, China has a healthy trade surplus, most of Asia has 10 times the science and engineering educated young people than we have, Korea is about to beat us up in medical breakthroughs involving stem cell research, and so on.
I am about to write my Senator (John Warner) to discuss this and get his view. Tom Friedman wrote a good column on how our investments are going into Homeland Security and the war, with no parallel investments in U.S. and global initiatives as there were when the DoD was established post WWII.
What do you think?
I think you, Reader II, should invest heavily in these foreign economies you just discussed with your own savings.