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To: WOSG

Well let's see, shift in major areas of capital exchange from London to New York (then from New York to Tokyo and then back to New York again) Spain, though in that case we kind of helped it along militarily, and the general clusterfuck of the West's adventures in China during the 1800s are another fun example, though that really is more general US and European example and not exclusively U.S. Regional competition also comes to mind, say suffering of the cotton industry post-civil war, admittedly the North had already begun to industrialize- but if you consider the influx of blacks to Northern factories and the wayning effectiveness of sharecropping, well you get the picture.


58 posted on 02/27/2006 3:44:17 PM PST by Aurric dihydrogen oxide (Yes, I am a conservative. Maybe not your type; but I am a conservative. Deal with it.)
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To: Aurric dihydrogen oxide

The only picture I get is you babbling.

Capital has increased vastly on a global basis since 1776, when Adam Smith penned "The Wealth of Nations" and set towards independence. Since then, the US has increased its wealth the way Adam Smith says its happens - by increasing our productive capacity. In doing so, we tore nobody down, although on a relative basis we are now #1. Yet every nation you mention is incomparably richer than it was back then, and is also richer than a mere 30 years ago.


76 posted on 02/27/2006 4:20:38 PM PST by WOSG (http://freedomstruth.blogspot.com/)
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