Comment True to a degree (Score 1) 380
The challenge with this analysis is that it only focuses on a small component of the overall economy. The apple iPod is a great example of this, and areas where the US can develop and market these high tech items we can assemble them oversees as ultimately we will make the profit back here in the US. The challenge is that there are many elements of the economy that based soley on manufacturing and this is an area where China has an advantage. Also many companies that were historically american have been purchased by oversees holdings. Overall if you look at the flow of money for most parts of the US economy the money ends up in other countries. Ultimately to have a healthy economy you need both high tech and manufacturing balanced appropriately so your companies are not too dependent on other countries. This is where the US suffers the greatest