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Europe, for example, is far more stagnant.
I suppose this is opening the topic, and getting a bit political, but...

In Europe, according to articles I've read in the Economist and elsewhere, they've looked at the US economy and appreciated the growth rate and the number of jobs created. But they reject it, because of the lack of care for workers and the small size of the social support net.

The problem is, the European support model requires huge amounts in taxes and large segments of the economy under direct government control, as well as far more responsiveness to unions than in the US. This leads to stagnation.

The governments have tried to change the system. They've been met by protests for even small changes. Primarily because people believe in the system which is "failing" them. And many are employees of the governments, which gives them a direct interest in assuring that government keeps on doing what it's doing.

The US knows how to create jobs (albeit not always the best kind) and grow the economy, but a lot of the rest of the world does not want to follow the US's lead even though they know it works.


On your other topic, though China could cause a crash in the US by use of their dollars, they know that after the crash they couldn't sell anywhere near as much. And, who knows, maybe the world will force China to have a real economy some day. Dollars can be valuable property in the real world.

There have been efforts
Posted by: Anton Philidor   Posted on: 05/03/05 You are currently: a Guest | Members login | Terms of Use
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Old new!!!  IT-professional | 05/02/05
The MPAA/RIAA mafia as no legal stand in Canada  Mectron | 05/02/05
Whats Canada have to do with this?  DarbyOhara | 05/03/05
Bush at his best...  Scrat | 05/03/05
Guess it might depend on how many other countries  FilledOut | 05/03/05
The president leads the world's biggest market...  Anton Philidor | 05/03/05
Are we really?  Patrick Jones | 05/03/05
Europe, for example, is far more stagnant.  Anton Philidor | 05/03/05
Does it work?  voska | 05/03/05
Never happen  tic swayback | 05/03/05
America is only a tiny percentage of the world...  Jomo_z | 05/03/05
And at work you only have one boss. Think about it.  No_Ax_to_Grind | 05/03/05
And how much do you owe your boss?  B.O.F.H. | 05/03/05
So what is the solution  FilledOut | 05/03/05
DMCA, model for the world.  Anton Philidor | 05/03/05
India not following either  tic swayback | 05/03/05
First principle flops.  Anton Philidor | 05/03/05
IP is for societies gain  voska | 05/03/05
Money gained on the status quo...  Anton Philidor | 05/03/05
Did you hear?  voska | 05/03/05
Read the Constitution  tic swayback | 05/03/05
Oh, the consequences are intended...  Anton Philidor | 05/03/05
Bill G. phoned Bush on his day off and...  MepisLINUXuser | 05/03/05
Ironic that a nation that crushes individual liberties...  doctormoriarty | 05/03/05
Bush To Invade China: Claims DVD Pirates Are WMDs  itanalyst | 05/03/05
Another tin pot dictator....  Jomo_z | 05/03/05
I hate Canadians!  Roger Ramjet | 05/03/05
You Bad Chinese people  Roger Ramjet | 05/03/05
Glimpse of the future  tic swayback | 05/03/05
Long over due...  No_Ax_to_Grind | 05/03/05
What action?  tic swayback | 05/03/05
Maybe they will borrow more money?  B.O.F.H. | 05/03/05
Security programmed by people historically unfriendly to the US. Nice.  HypnoToad | 12/14/05

What do you think?

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