On Jul 25, 2007, at 7:15 PM, dredmond at efn.org wrote:
> 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:
Of course these imports often bear U.S. nameplates - e.g. the iMac I'm typing on and the iPod I'll shortly be applying to my ears, both of which say "Designed by Apple in California. Assembled in China."
Doug