by Euric » Fri 31 Dec 2004, 16:46:09
$this->bbcode_second_pass_quote('diceman99', 'B')eing an Australian I would point out the following.
From my perspective America Exports technology, patents, copyrights, Franchises.
such as Microsoft, Pepsi, McDonalds, US Arms, F16 Fighter planes, Boeing, Music Copyright, Hollywood Copyright, Book publishing copyright, Software copyright etc, etc
The majority of the "industries" you mention above are multinational companies. They may be headquartered in the US, but they have factories and establishments world wide. Whereas the upper 5 % of the American population may benefit handsomely from the profits of these companies, very few below that level do.
Microsoft is a very wealthy company, but a majority of the products they put out are not "made in the USA". At one time American software engineers produced Microsoft products, but not anymore. All of it comes from India and elsewhere.
When I speak of America not exporting anything, I should be more specific and say America doesn't have the manufacturing base to hire American workers at European wages and benefits and allow the average American to earn the money he needs to maintain his expected living standard without existing on credit that he can never repay.
Show me some examples where a large amount of Americans can afford to live the lifestyle the rest of the world is suppose to envy.
$this->bbcode_second_pass_quote('', 'S')o although the USA is not actually producing as much as they used to their trade deficiet still has the ability to balance
I don't agree! For the deficit to balance, Americans will have to either lower their living standard expectations by spending within their means or for those companies to hire more Americans and pay them wages that support a high living standard. Otherwise, the situation will only get worse.