[lbo-talk] The Long March From Yenan to Barclays

[dredmond at efn.org]

On Wed, July 25, 2007 3:20 pm, Marvin Gandall wrote:


> In
> total, the US - still the world's largest producer by output if not
> employment - exported $1.037 trillion worth of commodities, up 42% over
> the five year period.

The 27-member European Union is far and away the world's largest producer,
in terms of output, raw GDP, employment or any other economic metric. But
the composition of US-China trade is even more eloquent about the decay of
the Empire. Trade group AEA estimates that US high-tech exports to China
jumped from $4.6 billion in 2000 to $14.1 billion in 2006. But high-tech
imports from China exploded from $26 billion to $102 billion during the
same period:

http://www.aeanet.org/publications/AeA_CS_China_Trade_2007.asp

-- DRR