Saturday, October 23, 2010

How to Restore the American Dream - Fareek Zakaria (CNN)

You need to read this! Here's a short excerpt.

"Technology and globalization are working together at warp speed, creating a powerful new reality.   Many more goods and services can now be produced anywhere on the globe.   China and India have added literally hundreds of millions of new workers to the global labor pool, producing the same goods and services as Western workers at a fraction of the price.   Far from being basket-case economies and banana republics, many developing economies are now stable and well managed, and companies can do business in them with ease.   At some point, all these differences add up to mean that global competition is having quite a new impact on life in the U.S."

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