[lbo-talk] US Ruling Class -- Where Do Their Wealth Come from?

[Yoshie Furuhashi]

> Yoshie Furuhashi wrote:
>
> >Where do American members of the ruling class derive a majority of
> >their wealth?  From the US economy or the rest of the world?
>
> Mostly the US I'd say. Most corp profits are still domestic. But the
> trend is towards more internationalization, and there'd be few
> domestic profits if the rest of the world weren't kept in order.
>
> Doug

The other day, as I was looking for info on GM and Delphi, I noticed  
that, if nothing else, GM is way ahead of Toyota and other Japanese  
automakers in China.  Was wondering if a significant segment of the  
US ruling class was giving up on their "home" market, at least more  
decisively than their counterparts in the other OECD nations.

Yoshie Furuhashi
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