| Art Alexion on 3 Nov 2007 18:31:16 -0000 |
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On Friday, 26 October 2007 21:52, Matthew Rosewarne wrote: > Having gained enough wealth to develop strong educational and financial > infrastructures of their own, the formerly-impoverished countries no longer > require the innovation or financial management of the US. Perhaps my opinions on this stuff are colored by the fact that I grew up in a PA "steel town" in the late '50s, early '60s. My friends parents raised families comfortably working in that mill. They earned an income that kept them in the middle class without a lot of education, etc. These same people, if not lucky enough to get work in the building trades, would be working for poverty wages in retail today. Not everyone has the ability or predisposition to work in the "knowledge industry". The scenario that Matt describes is inevitable. "the formerly-impoverished countries [can develop a middle class market with their manufacturing base, while] no longer requir[ing] the innovation or financial management of the US" -- _____________________________________________________________ Art Alexion PGP fingerprint: 52A4 B10C AA73 096F A661 92D2 3B65 8EAC ACC5 BA7A Keyserver: hkp://subkeys.pgp.net The attachment - signature.asc - is my electronic signature; no need for alarm. Info @ http://mysite.verizon.net/art.alexion/encryption/signature.asc.what.html _____________________________________________________________ Attachment:
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