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2009-10-13 Economy

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Posted by Glereper Snase8190 2009-10-13 10:55|| || Front Page|| [2 views ] Top

#1 Today, such hunger and dynamism seem less evident in American life than petulance that the world is not cooperating.

Makes me think of all those overweight welfare recipients lined up for government money in Detroit.

Posted by Ebbang Uluque6305 2009-10-13 12:24|| 2009-10-13 12:24|| Front Page Top

#2 It must focus on inventing new products and generating new ideas, rather than defending the rusty industries of yesterday.

We do. Then the designs are then promptly shipped to China for manufacture. Invention is not the problem, it's cutting out Americans of the rest of the value chain that is the problem. The 2% that do the inventing can't carry the 98% that don't. Add the value of another 20% of jobs that could manufacture (and export) the products invented here and that could be the basis for a vibrant economy.

Posted by ed 2009-10-13 12:35|| 2009-10-13 12:35|| Front Page Top

#3 America these days has an economy less dependent on making things and more dependent on legal concepts like intellectual property. Go ahead, try to write some software - you're going to infringe on someone's patent, somewhere, and six months after release you'll get a lawyer's letter informing you that your business is now over.

IP infringment is an industry in the United States.

Posted by gromky 2009-10-13 15:39|| 2009-10-13 15:39|| Front Page Top

#4 Mr. Karabell is the author of "Superfusion: How China and America Became One Economy and Why the World's Prosperity Depends on It,"

Of course, the difference with Britain is that they had political and military control over their trade empire. Supply of goods/materials could only be stopped by another nation going to war against them. Very far from the current USA/China situation where China could just stop shipping any goods it chooses, as it has just done with 30 minerals it deemed strategic.

Posted by phil_b 2009-10-13 20:35|| 2009-10-13 20:35|| Front Page Top

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