1.26.2005

Our 30-year campaign to maleducate Americans begins to bear fruit.

From Fred Kaplan:

Not a day goes by without another story about how we're mortgaging our future to the central banks of China and Japan. The U.S. budget deficit, approaching a half-trillion dollars, is financed by their purchase of Treasury notes. The U.S. trade deficit—much of it amassed by the purchase of Chinese-made goods—now exceeds $3 trillion. Meanwhile, China is displacing the United States all across Asia—in trade, investment, education, culture, and tourism. It's also cutting into the trade markets of Latin America. (China is now Chile's No. 1 export market and Brazil's No. 2 trade partner.) Asian engineering students who might once have gone to MIT or Cal Tech are now going to universities in Beijing.

I mean, I work in the circus end of the bread and circuses, but even I can see that our fecklessness is leading us to be the opposite of fecked.

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