On Mar 3, 2010, at 07:54 , William Robb wrote:
He ignores the costs of doing nothing. Forgets the consequences of
having a different suzerain in the world. The only other nation
that's been in a compariable position to the one the United States
holds today during it's entire history was the British Empire.
It's interesting to speculate what the world would be like under
expansionist China or historically God forbid, a Nazi Germany, or
for that matter an Imperial Russia or Imperial Japan, in the same
position. I dare say they would make the World a less comfortable
place for small rich republics. Maybe we can get the British to
take up the mantle again and we can retire to complacency.
Of course, your arguement is predicated on the presumption that your
cold war foes were actually interested in running a global empire.
About the best that this sort of arguemnt can hold up is a Nazi
Germany or Imperial Japan as posterchildren for how to do it wrong.
The USA tried financial imperialism instead, and succeeded for a
while, but the reality is, any imperialistic empire, whether grown
by force of arms of force of dollars is doomed to fail.
It will be interesting to see what China does, since at the moment
to a great extent, yours country is their financial bitch.
I'm sure that we are just setting them up to go broke eventually, like
we did with the Soviet Union. Look! The billions they have in US bonds
and stock of ours has devalued about 50%. That's gotta hurt!
Joseph McAllister
[email protected]
“ It is still true, as was first said many years ago, that people are
the only sophisticated computing devices that can be made at low cost
by unskilled workers!”
— Martin G. Wolf, PhD
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