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To: hedgetrimmer

And China is earning its righful pennies, right?

PS: The Chinese economy is several times over propped by the US, in comparison to the Indian economy. If I've heard correct, outsourced wealth forms a miniscule fraction of India's economy.


22 posted on 03/25/2005 10:22:36 PM PST by CarrotAndStick (The articles posted by me needn't necessarily reflect my opinion.)
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To: CarrotAndStick

I can remember Mad Albright saying something about China and how they should be a superpower too. By the size of China's economy and our dependence on it, its clear to many people that the country has been artificially bolstered by the US government's policies.

Fewer people see it happening in India, but it is. Our government has brought the higher caste into this country and educated them and given them jobs here by the hundreds of thousand so they can learn and take back to India what they know about a "market economy".

Our government through USAID and I forgot to mention the UN, spent our money to bring India's infrastructure up-- that includes building power grids and power plants, water storage and distribution systems, roads, schools and hospitals. The United Nations and the WTO call it "capacity building" (they like to use euphemisms so the American people don't actually know where the money is going and why).

Then our government, through many different trade agreements and the creation of government programs like the Export Import Bank, the INF and OPIC, guaranteed that US businesses would locate offshore in India.

Its been a great scam-- it has worked well for India.

The next step is to do the same thing in the Western Hemisphere, more US tax money disappearing to build the economies of other nations to compete against us. This is called, in our hemisphere, the Free Trade of the Americas Agreement (FTAA). Its purpose is not only to raise the standard of living in "poor countries" in the hemipshere (which is lowering ours BTW)but to integrate all the countries in the hemisphere into one very large trading bloc, to compete with competition we created for ourselves in Asia. The problem with this, is that the United States loses its sovereignty and the US Constitution merely becomes an historic curiousity.


27 posted on 03/25/2005 10:46:00 PM PST by hedgetrimmer
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