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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (211840)11/16/2004 7:07:08 PM
From: neolib  Read Replies (1) of 1584036
 
I suspect importation of manufactured goods has grown faster than productivity within the USA over the last decade. We seem to be running around $1.4T for imported goods in 2004 vs. GDP of around $11T so that is around 13%. Don't know what fraction of imported goods is manufactured vs. what fraction of GDP is due to manufacturing. It would be interesting to see a plot of US manufacturing output vs. manufactured goods import along with productivity growth with the latter restricted to manufacturing productivity growth.

I have several concerns with privatizing SS. First, it will be quite a different social world in the USA 30 years from now if this happens, with less stability due to potential market forces. Retires make a very significant political force in the USA, mostly conservative, and the dynamics of destabilizing them will be interesting. Secondly, it is a bit of stock propping scheme. Increasingly, over the next decades, foreign stocks will be more appealing due to the rising fortunes of China, India, etc., plus possible dollar declines, so US retirement money may significantly shift to foreign sources further destabilizing retires security while chasing better returns. Lastly, I hate letting the pols of the hook, but it is us getting screwed anyway.
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