-----Original Message----- From: Dennis R Redmond <[EMAIL PROTECTED]> To: [EMAIL PROTECTED] <[EMAIL PROTECTED]> -Yes, but your list from the Economist includes only one First World -country What makes the global collapse so dangerous is that is comes on top of the persistent unemployment in much of the First World. The Euro-11 countries have official unemployment of 10.8% and Japan has seen increases in official unemployment (which underreports real unemployment as many women have been driven from the labor market altogether). The United States has become this bizarre anamoly, partly explained by the labor "flexibility" (meaning creation of unregulated bad jobs) but needing broader explanations as well. Part is obviously the US's role as the center of the current computer revolution related to networking and part may be driven by the hyperprofits of global capitalism inducing "wealth effects" spending here. --Nathan Newman
