Make way for China and India
Another article arguing for the rise of Asia in the wake of America's seeming decline.
"The unshakeable belief in the march of science to solve any problem, no matter how big, is an essential part of the American dream. This is why the credit crunch is such a blow. The finance sector was at the heart of the US economy – its profits accounted for 40% of all private companies, and top workers earned wages beyond the dreams of ordinary workers. Yet all those high-powered Phds could not say what their firms had been trading in, what their bankers were doing, what the risks were and how many bombs were ticking in the basement."
"The unshakeable belief in the march of science to solve any problem, no matter how big, is an essential part of the American dream. This is why the credit crunch is such a blow. The finance sector was at the heart of the US economy – its profits accounted for 40% of all private companies, and top workers earned wages beyond the dreams of ordinary workers. Yet all those high-powered Phds could not say what their firms had been trading in, what their bankers were doing, what the risks were and how many bombs were ticking in the basement."
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