"That's when we find out just how much of our new "service" economy is smoke and mirrors, dependent entirely on the surpluses generated by the global system of trade..."
I will click the link and read the rest. Economy that isn't founded on real goods that people really need is indeed smoke and mirrors that will one day reveal its insubstantiality. And it likely won't be a pretty sight.
Anyway, thanks for posting - I'll read the rest now.
However, these doomsday scenarios forget the wonderful flexibiity and will-to-win of the American entrepreneur.