somehow you are right?
but China did not bought USA?
I read an article about Ohio and I read that most of its unemployment is because USA sold to China the bioggest and most modern machines of metal beams,
9/11 also show that,
the biggest factories of metallic beams, the ones who build twin towers etc and Chicago skyscrapers are sold.
a fine technology in steel production sold,
These buildings were built in 80s. By technological standards of today it is an old technology.
the most fantastic is NIKE story.
strange isn't it?
yet we consider Nike shoes 'made in USA' cause 'Air Jordan' wore those.
That's how creative USA is. They have capacity and capital to invent things, and then it naturally tricles down to the rest of the world. In 80s revolutionary thing were the sport shoes. Now it is the Google, Android, WiFi, smart phones, and robotics (coming fast).
What makes me angry is that people know so little about production, although they want all the stuff. Look around how much things we use in our life. Food processing is done mostly by machines these days, cars by robots, furniture rarely are made of real wood these days, and amazing electronics. If you take away everything that we made using machines (meaning: invention and technology) there will be nothing left to look at, except naked people, and only during a day, unless you make a torch. That's what technology, creativity, science and capitalism brought to the world, plus 5 billion more people. (without technology in food production, we could only feed 2 billion max).
And yet ordinary folks know much more about stupid things celebrities and politicians did yesterday, than about how today's marvel of transportation comes to existence, the car. (The thing you can travel 1000 km a day, in constant temperature, listening to your favorite music. Not even King could have it 100 years ago. Thing, that even ordinary people can afford today)
And yet these celebrities loving citizens elect our leaders to run our economy. It is incredible that our production of our goods work at all, lol. It shows how resilient and forgiving capitalism is.