On Oct 9, 2007, at 11:16 AM, Lenin's Tomb wrote:
> Oh, come on. Aside from the fact that bulk of global investment
> remains in
> the region where white meets bread, the global appropriation of
> labour -
> wherever the labour actually takes place, is overwhelmingly to the
> benefit
> of a small Anglo-Saxon elite in the United States. This isn't an
> uncomplicated issue, but the basic contours of the system are those
> of a
> global racial hierarchy.
This is all changing. Slowly from a newspaper or blog timescale, but pretty quickly in a historical timescale. Japan remains the second- biggest economy in the world despite a decade of stagnation. Its multinationals are globe-spanning and extremely powerful. South Korea isn't growing like it did before the 1997 crisis, but it's a major economic power. And there's what Wall Street is now calling Chindia, two countries growing very rapidly and becoming major foreign investors in their own right. Someone who names himself after Lenin shouldn't just shrug at the news that China is a huge creditor of the U.S.
Doug