Prof Z are you suggesting that capitalism will fail in the next 3 years or 300 years? I would hope it would evolve but wouldn’t doubt failure. It would fail if it couldn’t expand or was disrupted in a big way.

Accepting for the moment that the current trend of jobs going to other countries continues, and that slashes in the job market take place, and that in say 10 years everything that ~can~ be done outside of the USA or North America, or the Northern Hemisphere, or what ever scale you wish to use, is in fact done. Or worse, may God forbid that despite our best efforts, al Qaeda or some other group gets hold of not one, but a dozen nukes and “hollows out” the economy in the 12 biggest cities in the USA, plus another in DC...... Where are you going with the line of reason? Is it just a case of saying that capitalism’s failure is gonna happen?

One of Botnst’s points is that by employing workers of other countries, they will employ workers of yet other countries. And the economy will thereby grow. This process has been under way for hundreds of years.

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...Tracy

'00 ML320 "Casper"
'92 400E "Stella"