Eubulides wrote: > > ----- Original Message ----- > From: "Michael Perelman" <[EMAIL PROTECTED]> > > This is a very important development, perhaps lending support to Herb > Stein's dictum that if something is unsustainable, it > cannot go on for ever. > > ==================== > > My personal favorite snip: > > [clip] > > "There is surely something off about the world's greatest power being the > world's greatest debtor," he said. "In order to finance prevailing levels > of consumption and investment, must the United States be as dependent as > it is on the discretionary acts of what are inevitably political entities > in other countries?"
If one 'takes a view from space' as it were, this looks quite different. Such a view has no knowledge of the existence of dollars or euros or yen or debt etc. It only sees the movement of physical objects. Viewed from space, therefore, the main objects of exploitation of u.s. imperialism (the main sources of tribute) are those nations with the most favorable "balance of trade" with the u.s. I don't remember just now which nations that is, but I believe Japan and China are high on the list, which makes them a key part (i.e., objects of exploitation) of the u.s. empire. They are both paying tribute to the u.s. I would assume this flow of tribute would continue unabated as long as the u.s. maintains global military supremacy. But this raises another question. How is this tribute distributed _within_ the u.s.? Carrol
