The Rise and Fall of Civilizations

#31 you state <<< Donwturns in the US economy have been minimized by fed interference. Downturns hurt the poor more than the rich. >>>

Fed interference has taken the form of international wars as well, and fed interference is more socialistic than capitalistic even as they declare victories for capitalism. And no downturns do not hurt the poor more than the rich since a few elite have capitalized on all wealth, if the system collapses they lose big time while the poor, as Marx said, only lose their shackles when the system alters to one that is more equitable.

Then you state <<< If America collapses it will be because the vast middle class does not work hard enough for all the material goodies it consumes >>>

Not so, the middle class has been forcibly addicted through a massive advertising industry to over consumption. They are over consuming and thier consumption is helping the rich and keeping the growth rate in America booming. The productivity of American workers is up, meaning that they are working harder, fewer have jobs because of the policies of the elite. So your sentence has zero credibility.

Then in #32 you write responding to me <<< `` Look at the poverty situation in India, it is getting worse not better.``

It is definitely not because of the IT boom. >>>

My point exactly. The so called IT boom that has created a nation of clerks and chaprasees of the American corporations affects a small percent of the population of India. It is benign as far as the nation goes. It does not alleviate poverty and does not benefit the masses. All this proud talk about IT is therefore BS.