End of the Western Empire ?
Over the last couple of months, this question has been bandied about like an old hooker. This has primarily been asked because of the decline in the US economy and the supposed rise of those in Asia. China, India and Pakistan are now seen by some as ascending to be the most powerful nations on earth, both economically and militarily. Top 10 Economies link What everyone forgets, and sometimes I think its intentional is that the USA is the largest single economy on earth. China is catching true, but a lot of that economic development in China is being driven by off shore demand for products produced in China. A very large group of manufacturers have closed factories in the USA and right across the west to take advantage of cost savings of producing in china. Lots of call center jobs have been exported to India and Pakistan, again taking advantage of cheap labor. This leads to a cash flow out of the western economies into the developing ones.As the US ...