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America's longstanding advantage in wages and productivity - the gift of size, location, and history alike - appears to be winding down, with attendant consequences for US domination of the international business scene. The modern American economy is not just in hock to international bankers with a foreign debt of $3.3 trillion (28 percent of GDP); it is also increasingly foreign-owned. In the year 2000, European direct investment in the US exceeded American investment in Europe by nearly two fifths. Among dozens of emblematically "American" companies and products now owned by Europeans are Brooks Brothers, DKNY, Random House, Kent Cigarettes, Dove Soap, Chrysler, Bird's Eye, Pennzoil, Baskin-Robbins, and the Los Angeles Dodgers.

Europeans even appear to be better at generating small and medium-size businesses. There are more small businesses in the EU than in the United States, and they create more employment (65 percent of European jobs in 2002 were in small and medium-sized firms, compared with just 46 percent in the US). And they look after their employees much better. The EU Charter of Fundamental Rights promises the "right to parental leave following the birth or adoption of a child" and every West European country provides salary support during that leave. In Sweden women get sixty-four weeks off and two thirds of their wages. Even Portugal guarantees maternity leave for three months on 100 percent salary. The US federal government guarantees nothing. In the words of Valgard Haugland, Norway's Christian Democratic minister for children and family: "Americans like to talk about family values. We have decided to do more than talk; we use our tax revenues to pay for family values."

 

You americans ready to be number 2? Maybe we shouldn't have squandered our international prestige on iraq? Maybe we shouldn't have squandered our vast resources on a bullsh#t war, simultaneously signing off on a tax cut which disporportionately benefitted the rich, bank-rupting our country, hocking our future to chinese and japanese bankers? Maybe we shouldn't have shipped every decent production job over-seas, under the guise of "globalism", protecting the "ownership" class' ability to increase profit margin at the expense of the american worker?

Maybe we should cut this stupid culture war business, and wake up to the fact that the top 2% of this country is selling us all out...while we grab at each other's throats over non-issues?

But then again, there's this really cool special on FOX...maybe I'll just have a beer and watch that...

http://www.nybooks.com/articles/17726

 

Tuesday, February 01, 2005 at 6:33:19 PM

That's it,I'm moving to Austrailia.

Tuesday, February 01, 2005 at 7:49:44 PM

Or maybe I'll just take my soma ...and calm down.

 

Tuesday, February 01, 2005 at 7:55:32 PM

R u serious leg?

Tuesday, February 01, 2005 at 7:59:43 PM

God dammit stink...i was angry enough before. Once I finish this 30 pack im gonna beat some sense into this country!!! (beer muscles dont fail me now)

Tuesday, February 01, 2005 at 8:17:04 PM

Beer muscles!

 

Tuesday, February 01, 2005 at 8:41:38 PM
MJ

Don't leave just yet. Seems like it wasn't too long ago that Japanese companies were buying up a lot of U.S. Businesses and real estate. Similar articles were being written about southeast asia owning "too much" of the U.S. I think a lot of them have since sold off their purchases. Now it's the Europeans doing the buying.

I wonder how much the downturns in the U.S. Economy have to do with these "trends".

Tuesday, February 01, 2005 at 9:42:48 PM

Its not just about real estate, mj...much much more in that article...

 

Wednesday, February 02, 2005 at 5:08:12 AM

It's not Europe you need be worried about. It's those damn Eskimos. They think they're so hot with their whale blubber fuel and fancy homes of ice. Look at us. We're self-sufficient. Damn you Eskimos. Damn you all to hell! I'm watching you sons a...

U.S.A! U.S.A!

Like a midget at a urinal, I was going to have to be on my toes.

Invite a retard to a picnic and you'd better expect to get drool in the potato salad.

Last edited: Wednesday, February 02, 2005 at 7:13:26 AM

Wednesday, February 02, 2005 at 7:10:33 AM
OM

 

 

Im gonna beat some sense into this country!!!

 

I've always wanted to do that myself! Can I help??

Eh, I wouldn't worry about being #2. Armageddon is right around the corner anyway, so none of this will matter right?

Wednesday, February 02, 2005 at 7:49:15 AM

Rogue, funny you should mention eskimos...that's the what that really cool special was on Fox! Seems there is a steady migration to the south...they've already taken over a few northern trading posts...and they are heading this way. You laugh...but they are some real cagey bastards. One of them could even hold his breath for three minutes....

So there's no telling...

 

Wednesday, February 02, 2005 at 12:55:21 PM

Europe isnt a country...its a continent

:)

B

Wednesday, February 02, 2005 at 1:06:58 PM

Ya, but its becoming a single economy...signs of uniting to counter US hegemony...the EU and all that.

 

 

Wednesday, February 02, 2005 at 3:57:47 PM

R we supposed 2 read the WHOLE THING??????!!!

Wednesday, February 02, 2005 at 4:01:11 PM

Ya, there will be a test, so read it twice...

 

Wednesday, February 02, 2005 at 4:03:59 PM

Ooooooomaaaaaaaaannnn. :'(

Wednesday, February 02, 2005 at 4:04:41 PM

OM: good point. Speed on the rapture! With a philosophy like that, the world is your oyster! Or your trashcan....

 

Wednesday, February 02, 2005 at 4:32:57 PM

A test!!!! But I didnt study!!! I dont even have a #2 pencil :P

-Krispy(SA/DAS)

gotta hit the books!

Wednesday, February 02, 2005 at 4:36:01 PM

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