2006-07-03 18:17:31 · 3 answers · asked by catherine c 1 in Education & Reference ➔ Financial Aid
Worldwide, there are more engineers and the best designed product no longer automatically comes from a G7 country.
The US has become the world's largest-ever debtor nation, so our currency is "soft" and makes other nations nervous.
Virtually all major efforts to block international business have failed. So "labor" is becoming an international interchangeable commodity.
The world is rapidly running out of cheap oil.
To back into a complete answer from a POLITICAL explanation that winds up answering your concerns, read "American Theocracy" by Kevin Phillips (pub. 2006).
2006-07-03 18:26:00 · answer #1 · answered by urbancoyote 7 · 0⤊ 0⤋
People have realized the following:
1. they don't want to work...or...they work so that they won't have to.
2. the best way to get to the point of not working is to make your product look overvalued and sell the rights to it.
3. people are starting to realize that this is happening and are getting more and more tight-wadded when it comes to investment.
4. political manipulation of both the stockmarket and the events that effect it (like 9/11 just after Larry Silverstein takes out a 3.5 billion dollar insurance policy on the property that he has leased).
which are causing obscene amounts of inflation.
5. economic manipulation of politics.
We are watching the death throes of the greatest nation the world has ever known.
2006-07-04 01:25:00 · answer #2 · answered by keats27 4 · 0⤊ 0⤋
greed & necessity
2006-07-04 01:30:41 · answer #3 · answered by 53&luvnit 2 · 0⤊ 0⤋