PeakTrader.com

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http://www.nlcnet.org/campaigns/archive/report00/introduction.shtml

Currently, the U.S. leads the rest of the world combined in the Information and Biotech revolutions (in both revenues and profits). Moreover, roughly 2% of the U.S. labor force works in agriculture. Yet, that small workforce produces more than enough food to feed the entire country. Furthermore, the U.S. continues to produce more output with fewer inputs in manufacturing. I stated before, the only way to move from one economic revolution into the next is through efficiencies (utilizing limited resources).

Third World countries, including China, haven't been able to reproduce high quality goods, e.g. through reverse engineering. For example, China can't produce Toyotas, perhaps, because it can't meet quality standards and low production costs.

Also, I may add, does it matter if a foreign firm or country buys an American firm? (e.g. paying a premium to own IBM, Johnson & Johnson, or Walmart). The owners shift from American to the foreigner. However, the people who made those firms great and make them greater are Americans. That's why the quality of education, training, and experience are so important.

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Some people believe depressions or recessions are sometimes good for the country. How does standing in a soup line with idle resources, sitting around, help you or the country? Is it "cheaper" being unemployed than utilizing idle resources?

I think, it's possible to have a quick and massive Creative-Destruction process without a recession (2001 came close). There's only been four economic revolutions, Agricultural-Industrial-Information-Biotech. I believe, the more diversified the U.S. economy becomes, the more stable it becomes.

http://2.bp.blogspot.com/_otfwl2zc6Qc/S0NSXP2ATAI/AAAAAAAAMV4/1mCdijsDG2o/s1600-h/world1.jpg

http://2.bp.blogspot.com/_otfwl2zc6Qc/S0NSZOI0juI/AAAAAAAAMWA/3W2rzquT63Y/s1600-h/world2.jpg