RES: Empire RIP

[Carl Remick]

>From: "Alexandre Fenelon" <afenelon at zaz.com.br>
>
>-----Mensagem original-----
>De: owner-lbo-talk at lists.panix.com
>[mailto:owner-lbo-talk at lists.panix.com]Em nome de Dennis Robert Redmond
>
>On Sun, 7 Apr 2002, Carrol Cox wrote:
>
> > urging war with Sparta.) And it is not quite irrational. While at the
> > present time claims that Europe or Japan have already "overtaken" the
> > U.S. and that the U.S. has become a third-world economy are simply
> > laughable,
>
>Second World, not Third World. The American decadence has reached the
>stage of making the Brits look good. 2001 global machine tools production,
>ranked by per capita dollar output: [snip]
>
>-Couldn´t one argue that that isn´t anymore a very important
>-measurement of development????
>
>				Alexandre Fenelon

The idea that hard assets don't matter anymore and that an economy can be 
fueled entirely by abstract brainpower has certainly been argued by various 
celebrants of the "virtual" corporation -- Enron's management being 
prominent among them.  Things don't seem to be going quite their way.

Carl

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp.