2006-08-18

ZNet American Economy ...its great weakness

American Economy: "Prof. Niall Ferguson of the Harvard University compares the US economy to a dinosaur whose bulk once shook the ground. Yet, it disappeared from the face because of its inner problems. Like it, “the US economy is mind-bogglingly enormous—two and a half times as big as the next largest economy in the world and almost as large as that of the six other members of the Group of Seven combined. The catch is that it has to consume almost incessantly to sustain its great heft.” This reveals its great weakness and the inherent seed of its likely collapse at some future date."

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