The Modulator notes that foreign investment in the U.S. is declining.
I've just been really damn sick and tired of the way that certain factions in the U.S. have taken advantage of that country's economic might to further a political agenda, using their purchasing power to basically beat the rest of the world about the head with a stick.
It's somewhat of a relief to see that it works both ways.
Comments
It's even worse than that. "U.S. purchasing power" is largely illusory, being built on the world's largest accumulation of corporate and individual debt. Where is the money being borrowed from? Foreign investors. Where is the money to pay it back coming from? Expansion in the U.S. economy. Too many quarters of recession, or too little foreign money coming into the U.S. banks, and *crash* the whole thing comes tumbling down. Which is not going to be a healthy experience for anyone, inside or outside the country.
Remember when the entire economy of Albania collapsed because of pyramid scams? The same thing could happen on a worldwide scale. All because Americans are dingbats who can't understand common-sense rules like "don't spend more than you earn".
Posted by: Jimcat | June 27, 2003 1:53 PM