Judgenot's Blog

The balance of power is shifting to the East as China and India.

It is easy to dismiss such dreams as bubble-economy hubris -- until you take into account the audacious goals Shanghai already has achieved. Since 1990, when the city still seemed caught in a socialist time warp

Here, Indians are playing invaluable roles in the global innovation chain. Motorola, Hewlett-Packard Cisco Systems and other tech giants now rely on their Indian teams to devise software platforms and dazzling multimedia features for next-generation devices.

China and India. Still relatively poor nations been watched with such a mixture of awe, opportunism. The postwar era witnessed economic miracles in Japan and South Korea. But neither was populous enough to power worldwide growth or change the game in a complete spectrum of industries. China and India, by contrast, possess the weight and dynamism to transform the 21st-century global economy. The closest parallel to their emergence is the saga of 19th-century America, a huge continental economy with a young, driven workforce that grabbed the lead in agriculture, apparel, and the high technologies of the era, such as steam engines, the telegraph, and electric lights.

But in a way, even America's rise falls short in comparison to what's happening now.

In the coming decades, China and India will disrupt workforces, industries, companies, and markets in ways that we can barely begin to imagine. The upheaval will test America's commitment to the global trade system, and shake its confidence. In the 19th century, Europe went through a similar trauma when it realized a new giant -- the U.S. -- had arrived. "It is up to America to manage its own expectation of China and India as either a threat or opportunity.  It’s been said that America should be as open-minded as Europe was 100 years ago." How these Asian giants integrate with the rest of the world will largely shape the 21st-century global economy.

I’ve seen this day coming for a long time America stepping down, a country that grew strong with the dreams of Americans, Capitalism the social system which now exists in all countries of the world. Under this system, the means for producing and distributing goods (the land, factories, technology, transport system etc) are owned by a small minority of people. Has our Government for years desired the controll of all America stands for? I believe this was decided and planned as far back as planed 30 years ago, and has come forward with 911.

Capitalism = free market ,I feel we’ve lost that , and we now will have A World Socialist Movement  which  consists of people who have organized themselves democratically with one objective: to bring about a complete change in world society. A call for socialism? Can we stop this bailout? What does this bailout mean? Do we vote for socialism, or do we hang strong and vote for someone who thinks the bailout a bad idea? Do we even have a choice? Knowing if we do not bail out we will see hardships that none have ever seen? The years to come I think you will see us move to a new economy , a World Socialist, movement a step back from the Great country we were. If you do nothing more you must say no to this bailout you must be heard, Government is just buying time with this bailout for themselvese,our economy will get worse.