Anniversary

[Yoshie Furuhashi]

At 1:57 PM -0400 9/19/02, pms wrote:
>  > National differences in wages have thus historically developed, as
>>  have different levels and forms of national development.  If national
>>  differences become smaller, will American workers be worse off than
>>  now?  That depends on what causes national differences to shrink --
>>  whether it's the leveling down or leveling up.
>>  --
>>  Yoshie
>
>I think this may be the war we are really in the midst of.  Wealth is on the
>move.  How's that going to play out domestically?  Somehow it's tied up with
>what's happening in the gold, currency and credit markets.

William Greider writes hopefully:

*****   Posted September 5, 2002

The End of Empire
by WILLIAM GREIDER

The imperial ambitions of the Bush Administration, post-9/11, are 
founded on quicksand and are eventually sure to founder, but for 
fundamental reasons not currently under discussion. Bush's open-ended 
claims for US power--including the unilateral right to invade and 
occupy "failed states" to execute "regime change"--offend 
international law and are prerogatives associated only with empire. 
But Bush's greater vulnerability is about money. You can't sustain an 
empire from a debtor's weakening position--sooner or later the 
creditors pull the plug. That humiliating lesson was learned by Great 
Britain early in the last century, and the United States faces a 
similar reckoning ahead....

<http://www.thenation.com/doc.mhtml?i=20020923&s=greider>   *****
-- 
Yoshie

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