Re: "Why Asia Will Eat Our Lunch"



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Topic: Religions > Atheism
User: "Dr. Jai Maharaj"
Date: 20 Jun 2005 05:42:58 PM
Object: Re: "Why Asia Will Eat Our Lunch"
Yes, the de-Christianization of America will save it from a decline.
Jai Maharaj
http://www.mantra.com/jai
Om Shanti
In article <GjHte.49463$oK.25694@okepread02>,
"harmony" <aka@hotmail.com> posted:

america can't and won't decline. more and more americans are turning pagans.
paganism promotes free thinking and enterprise.


<ltlee1@hotmail.com> wrote in message
news:1119267423.612588.203650@o13g2000cwo.googlegroups.com...

Dr. Jai Maharaj wrote:

If the US considers Bharat and other Asian countries
a "threat" then can carpet bombers be far away?

Yes. The question is: Can America decline peacefully?
- <ltlee1@hotmail.com>

In article <1119230584.674487467bd152db18ea3b615a18af1c@teranews>,
"Valmiki" <valmiki@great.guruji> posted:


http://www.businessweek.com/print/magazine/content/05_25/b3938029_mz005.htm?chan=gb&sub=books&


JUNE 20, 2005

BOOKS

Why Asia Will Eat Our Lunch

THREE BILLION NEW CAPITALISTS
The Great Shift of Wealth
and Power to the East

By Clyde Prestowitz
Basic Books; 321pp; $26.95

Editor's Review

The Good A clear, unbiased, and scary look at the threat that China

and

India pose to the U.S. economy.

The Bad It may be a tad pessimistic, given the author's tendency to

assume

current trends will continue.

The Bottom Line A persuasive argument that Washington's disdain for
industrial policy is shortsighted.

Clyde Prestowitz says he had a revelation in 2003 when his oldest son,

a

software developer living on Lake Tahoe in California, asked him to
co-invest in a snow-removal company. Why, wondered Prestowitz, would

his

high-tech offspring go into a business "as mundane as snow removal?"
Explained the son: "Dad, they can't move the snow to India."

It's an example of the angst spreading among America's technology
professionals as they watch India snare big chunks of the U.S.

services

sector while China runs off with America's manufacturing patrimony.

His

son's fears, Prestowitz asserts in Three Billion New Capitalists: The

Great

Shift of Wealth and Power to the East, are all too rational.

Actually, Prestowitz didn't need the heads-up from his son. He has

been

mulling over America's competitiveness problems for 30 years, most

recently

as head of his own think tank -- the Economic Strategy Institute in
Washington. Before that he was an international executive for U.S.
multinationals, a trade negotiator in the Reagan Administration, and

author

of a ground-breaking, although ultimately alarmist, 1988 book about
U.S.-Japan relations, Trading Places. Prestowitz writes with clarity,
historical perspective, and an uncommon ability to extricate himself

from

the intellectual straitjackets that hobble so many Washington economic
policymakers. Free trader or protectionist? Democrat or Republican?
Keynesian or supply-sider? He doesn't fit in any of those boxes.

Governments have long been creating comparative advantages for their

own

economies, Prestowitz notes, but U.S. policymakers have apparently

forgotten

this. Despite today's fashionable disdain for industrial policy,

Washington

was once an active participant in boosting the gross domestic product.

The

federal government created Radio Corporation of America and

established U.S.

dominance in radio technology, launched Boeing (BA ) and nurtured it

with

government contracts, and created AT&T (T ) and its genius pool at

Bell

Laboratories (B ), cradle of microelectronics. Then there's the

Internet.

"The apparently effortless technological supremacy Americans assume as

a

birthright...had nothing to do with market forces and everything to do

with

targeted policy decisions," Prestowitz notes.

Prestowitz also challenges one of the most popular and soothing myths

in

Washington -- that U.S. workers can compete with any in the world if

given

"a level playing field." The truth: Western workers won't be able to

compete

without accepting wage cuts, since, in the area of labor costs, China

enjoys

a "fifteen to thirtyfold advantage" over the developed world.

China and India, which together accounted for 75% of the world's GDP

before

the discovery of America, are on a steep trajectory to regain their
prominence. "The potential size of their markets, their endless supply

of

low-cost labor, the unique combination of many highly skilled but

low-paid

professionals, and the investment incentives offered by their

governments

will constitute an irresistible package" that will soak up global
investment.

Another central theme of the book is the value of "linkage" among
technologies. Development of the VCR by Japanese companies led that

country

into the semiconductor business, Prestowitz says. Japan continues to
understand the importance of linkage, while U.S. leaders seem not to:
Contrast Sony Corp.'s (SNE ) dogged efforts to link its PCs with TVs,
camcorders, and other technologies to create a multimedia terminal

with

IBM's (IBM ) sale to China's Lenovo Group Ltd. (LNVGY ) of its laptop
business. Which is the better strategy?

India, meanwhile, is moving rapidly up the value chain with its

emphasis on

software and computer services, along with processing of tax returns,
medical X-rays, and the like. Want a new kidney or a hip? Visit one of
India's high-tech "medical tourism" hospitals and get the procedure

for less

than half the cost in the U.S. or Canada, even figuring in the

airfare.

Surprisingly, there are already more info tech engineers in Bangalore
(150,000) than in Silicon Valley (130,000).

There is reason for hope, Prestowitz allows. America's technology is

often

the best, as are its universities. The U.S. leads in biotech, and it

retains

an entrepreneurial culture. That said, Prestowitz still could be too
pessimistic. As with Trading Places, he tends to project current

trends far

into the unknowable future.

But the U.S. government is dangerously shortsighted. The country's

savings

rate, secondary-education system, energy and water conservation,

critical

infrastructure, research investment, and worker training lag behind

those in

too many other nations.

You won't want to pick up Prestowitz' book if you seek reassurance

that

America is going to stay No. 1 -- because, dammit, we just are, Bud!

In

fact, as he points out, even as U.S. scores in math sink, American

high

school students continue to think that they are ranked first.

Depressing,

but if all else fails, remember: There's always snow removal.



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I am not connected to the book in any way!

Valmiki





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