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that Europe was at a technical disadvantage [...] doesn't seem to jibe with industrial facts on the ground

Can you expand on "the industrial facts on the ground" as you see them, with an emphasis on research, develoment and innovation? Also, he's maybe comparing Europe with an unrealistic or outdated image of the US, to which you can also speak.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Carrie (migeru at eurotrib dot com) on Sat Jun 28th, 2008 at 09:44:49 AM EST
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