Article about how the US is losing its edge on developing countries, why and what it should do about it.
http://www.fortune.com/fortune/articles/0,15114,1081269,00.html
http://www.fortune.com/fortune/articles/0,15114,1081269,00.html
I couldn't get beyond the first page without a signup, but that first page was depressing enough. Unfortunately, I find myself agreeing with every wordwildcat said:Article about how the US is losing its edge on developing countries, why and what it should do about it.
http://www.fortune.com/fortune/articles/0,15114,1081269,00.html
approach"if we ignore it, maybe it will go away."
International Students: If you are a nonbeliever, take in a graduation at a major university (MA/PHD). One look at the names on the program tells the story. Similar at many med schools as well.wildcat said:I agree with our approach
If any of you are at the library I think the rest of the article is worth a few minutes
While it may not be true in every survey or stat I do think it presents a good argument that things need to change.
If you didn't make it to the rest of the article a few points that I remember:
1) Says international students are staying home more often to go to school and the ones that do come to the US leave and go back home. From my experiences in school I see students from some countries that want to stay and others go. Just as an observation Phd programs are flooded with internationals and many international students receive big incentives to come here. One fellow student is in the Chinese military and he gets everything paid for and he will return after school.
2) US math scores on SAT/ACT/other ranks 29th vs Finland 1st - others. Says education system is failing. Students are not encouraged to go into engineering/science fields because it is not considered cool here
3) Needless to say it talks about the US auto makers; China is about to ship its first fleet of Chinese cars to be sold in US; Toyota has been cleaning up for some time.
4) Lastly about how our quality of life will decline as we lose our edge, experience low wage growth due to emerging markets that can do the same work for less and etc.
Rather than permutations of morality, the next national elections should be about revival of the American spirt and competitiveness. They won't be though. We are on a path to economic decline that will be irreversible without the kind of commitment that put men on the moon a generation ago
Yeah, but look at the spinoffs.razztazz said:It was a thinly veiled military R/D program and a "Let's all wash each other's backs" deal to allow "free enterprise" to make lots of money with no real market being serviced. Lots of socialized funding and privatized profits and no market economy at all.
JPatrick said:JB Even if our GDP growth slowed for many years said:Compared to what?
Better off than any society in the world?? That's a little fuzzy. Sure, we may be higher on the ladder, but there are many rungs and I'm not so sure we will be as high as we could be.JB said:Compared to any society in the history of the world!! If we are forced to cut our resource consumption to compete, it will be a good thing.
JB said:Even if our GDP growth slowed for many years, Americans would still be very well off.
JB said:Even after over 15 years of slow GDP growth Japan still has a very high per capita GDP. Probably second (behind the US) out of all populous countries. I'd say they are still 'well off'.
JB said:Even after over 15 years of slow GDP growth Japan still has a very high per capita GDP. Probably second (behind the US) out of all populous countries. I'd say they are still 'well off'.
tozz said:So this is the gloom and doom thread. Hey, my kinda place!
America's Truth Deficit
By WILLIAM GREIDER
Washington
...The possibility that the United States can no longer afford globalization, at least not as it now functions, is what opinion leaders do not wish to discuss. A few brave dissenters have stated the matter plainly and called for significant policy shifts to stop the hemorrhaging. Warren Buffett, the legendary investor, says the United States is destined to become not an "ownership society," but a "sharecropper society." But his analysis, and others like it, are brushed aside.
An authentic debate might start by asking heretical questions: Why is the United States one of the few advanced economies that suffers from perennial trade deficits? Why do new trade agreements, despite official promises, always leave the United States with a deeper deficit hole, with another wave of jobs moving overseas?...
unclemick2 said:I do putz a little - but that's lagniappe.