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Oh, you mean the process which has lifted hundreds (thousands?) of millions of Asians out of deep poverty during just the last 20 years, while real wage growth has continued in Europe, east, west, south, north and central?

Sure, that has not been the case in the US, but that's not due to any race to the bottom, but due to active political choices made in that particular country to reach that particular result, and that's been going on for almost 40 years now.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Fri Dec 24th, 2010 at 05:52:47 AM EST
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