Nathan Newman wrote, >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. Although the anomaly is much less bizarre if you consider the role the U.S. dollar as reserve currency has played in permitting an even more anomalous balance of payments deficit. In its function as "borrower of last resort", the U.S. can appear as a kind of cornucopia in reverse. Tom Walker http://www.vcn.bc.ca/timework/
