Re: The Long March From Yenan to Barclays
On Jul 25, 2007, at 7:15 PM, dredmond@efn.org wrote:
The 27-member European Union is far and away the world’s largest
producer, in terms of output, raw GDP, employment or any other economic
metric. But the composition of US-China trade is even more eloquent about the
decay of the Empire. Trade group AEA estimates that US high-tech exports to
China jumped from $4.6 billion in 2000 to $14.1 billion in 2006. But high- tech imports from China exploded from $26 billion to $102 billion during
the same period:
Of course these imports often bear U.S. nameplates - e.g. the iMac
I’m typing on and the iPod I’ll shortly be applying to my ears, both
of which say “Designed by Apple in California. Assembled in China.”
Doug