Thursday, April 22, 2004
I think Friedman raises the most important domestic facing the US (if you consider anti-terrorism to be Foreign Policy). Over time, I believe a rebalancing of labor to other nations is a very healthy development. Eventually the countries with the lion share of the world population have to also have the lion's share of jobs and world economy. Trying to artificially prevent that development is foolhardy. This rebalancing also means that world markets will be much larger, so that our smaller percentage of the world economy will translate to a far larger total. I am also skeptical that wealth will disperse. If the world economy resembles the US economy, we can expect wealth to continually concentrate in the richest nations. Right now, that is the US. The New York Times > Opinion > Op-Ed Columnist: Losing Our Edge?