On Thu, 25 Nov 2004 17:33:15 GMT, Vernon North <verno@oyama.bc.ca> wrote:

>In the meantime, the manufacturing capacity of the US economy is being 
>dramatically hollowed out.  As one who has studied economics and 
>business, I used to take it on faith that "international trade benefits 
>all participants", but I'm not sure that is true without limits.  At 
>what point will the US have contracted out enough jobs that only those 
>in knowledge and service industries have work?  I think we're seeing 
>some of that now, assisted by government policies that incent businesses 
>to pack up their machinery and move it off shore.

I agree with you, but it's possible we're both being too shortsighted.  The
assumption is that the US can't revitalize its manufacturing sector as the
lower dollar makes US exports more attractive.  As a student of economics,
surely you know that capital always seeks its best application.

MacHamish M$(D??(Br