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I'm with you on global governance, but at the same time there aren't many places left for the money to go. There isn't another east Asia laying about filled with a decently educated and regimented populace ready to run a million factories at 1/10th the cost of the Western world.

you are the media you consume.

by MillMan (millguy at gmail) on Fri Sep 26th, 2008 at 01:46:13 PM EST
[ Parent ]
The money doesn't necessarily go for productive purposes anywhere - but for conspicuous consumption by the idle rich with large Swiss bank accounts etc.  When you have a few millions you are more worried about losing them than making more.  That is part of the Anglo disease problem - the rich get richer and offshore their wealth.  If that money was used to fund better housing, health care, education etc. - the wealth (and jobs) and welfare would stay within the country and have a far higher marginal impact on people's welfare than another (larger) yacht.

Vote McCain for war without gain
by Frank Schnittger (mail Frankschnittger at hot dotty communists) on Fri Sep 26th, 2008 at 02:22:56 PM EST
[ Parent ]
ah, you said "money," not "jobs." I read your comment completely wrong.

you are the media you consume.

by MillMan (millguy at gmail) on Fri Sep 26th, 2008 at 02:29:11 PM EST
[ Parent ]

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