China Is Outrunning U.S.

The Krugman Op-Ed in today’s NY Times tells it as it is — fragment of which is below. China is becoming the world’s #1 superpower and outrunning us as did Western Europe after WW2 when we also dawdled while our competitors modernized and produced cheaper products, e.g. steel.

Our nation is increasingly being run by our super rich who care for CEO profits while downing stock holders and losing jobs and homes for those most in need — not just traditionals in poverty but our previously prosperous middle class as well.

The forthcoming elections may accelerate our decline and China’s take over of our global economy. We have been wasting money on pointless wars rather that repairing our dangerously deteriorating infrastructures where monies would have created jobs. We may even be paying for the weapons that are being used against us in Afghanistan and Iraq.

The Japanese towards the end of WW2 sent their planes out on Kamikaze suicide missions: http://en.wikipedia.org/wiki/Kamikaze

There is certainly a deadly echo of such killings by the radical Muslims today. None of these, however, are directed towards China which exploits the chaos created thereby for which we take the blame!

Our nation is in deep trouble and quite likely the Tea Party Republicans will finish us off.

Help!

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“I don’t know about you, but I find this story deeply disturbing, both for what it says about China and what it says about us. On one side, the affair highlights the fecklessness of U.S. policy makers, who did nothing while an unreliable regime acquired a stranglehold on key materials. On the other side, the incident shows a Chinese government that is dangerously trigger-happy, willing to wage economic warfare on the slightest provocation.”

“A war is just if there is no alternative, and the resort to arms is legitimate if they represent your last hope.” (Livy cited by Machiavelli)

Ed Kent [blind copies]

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