The Rise of the Rest – Newsweek

[patientlywaiting]

As a frequent traveler, I echo Fareed Zakaria’s feelings on the rise of the rest.

The problem with Americans is that we don’t travel enough so we don’t see the world. We should bring back the draft and/or have young Americans serve in the Peace Corps for a year.

Look at Israel, almost all Israeli service-members take 6-months off to travel the world when they are done with military service. They are very interesting and creative people to talk to. For such a small country, Israeli companies are extremely creative and dynamic.

America’s trump card is that we can easily welcome new immigrants and integrate them into out society. That will be the challenge of the 21st century.

All the great emerging cities in the world are free-trade zones (Dubai, Singapore, HK, Shanghai). San Diego and Miami are the perfect locations for such free-trade zones and to keep Latin America firmly under the US sphere of influence.

[bsrsharma]

How much production was taken off the market from the war and where would production be if there was no war?

See Summary of Reserve Data as of 2007 in

http://en.wikipedia.org/wiki/Oil_reserves 

If, instead of war/sanctions etc, Iraq and Iran were somehow well integrated into oil markets (just like Saudis, Russia, Libya, Venizuela who are no angels either!), the oil price can easily come down to $50 per bbl. A lot of pricing potential is at the margins.

Our leaders are fighting to save us 12 cents of tax when we are probably paying $2 too much for our foreign policy incompetence.

[bsrsharma]

How much production was taken off the market from the war and where would production be if there was no war?

See Summary of Reserve Data as of 2007 in

http://en.wikipedia.org/wiki/Oil_reserves 

If, instead of war/sanctions etc, Iraq and Iran were somehow well integrated into oil markets (just like Saudis, Russia, Libya, Venizuela who are no angels either!), the oil price can easily come down to $50 per bbl. A lot of pricing potential is at the margins.

Our leaders are fighting to save us 12 cents of tax when we are probably paying $2 too much for our foreign policy incompetence.

[bsrsharma]

How much production was taken off the market from the war and where would production be if there was no war?

See Summary of Reserve Data as of 2007 in

http://en.wikipedia.org/wiki/Oil_reserves 

If, instead of war/sanctions etc, Iraq and Iran were somehow well integrated into oil markets (just like Saudis, Russia, Libya, Venizuela who are no angels either!), the oil price can easily come down to $50 per bbl. A lot of pricing potential is at the margins.

Our leaders are fighting to save us 12 cents of tax when we are probably paying $2 too much for our foreign policy incompetence.

[bsrsharma]

How much production was taken off the market from the war and where would production be if there was no war?

See Summary of Reserve Data as of 2007 in

http://en.wikipedia.org/wiki/Oil_reserves 

If, instead of war/sanctions etc, Iraq and Iran were somehow well integrated into oil markets (just like Saudis, Russia, Libya, Venizuela who are no angels either!), the oil price can easily come down to $50 per bbl. A lot of pricing potential is at the margins.

Our leaders are fighting to save us 12 cents of tax when we are probably paying $2 too much for our foreign policy incompetence.

[bsrsharma]

How much production was taken off the market from the war and where would production be if there was no war?

See Summary of Reserve Data as of 2007 in

http://en.wikipedia.org/wiki/Oil_reserves 

If, instead of war/sanctions etc, Iraq and Iran were somehow well integrated into oil markets (just like Saudis, Russia, Libya, Venizuela who are no angels either!), the oil price can easily come down to $50 per bbl. A lot of pricing potential is at the margins.

Our leaders are fighting to save us 12 cents of tax when we are probably paying $2 too much for our foreign policy incompetence.

[dumbrenter]

patientlywaiting, as a frequent traveler myself and also as an immigrant who washed up to these shores a few years ago, I have never encountered a more free, open society which is tolerant to change as the one I am living in now. Apologies for not buying into this doom & gloom crap which seems to be the theme of the week here.

Seriously, why would anybody compare this economy with a bunch of city states living off of innovations from here AND off the magnanimity of the tax payers here who are subsidizing their security? How come I never hear of people packing off to go live in Israel, Singapore, Abu Dhabi or whatever if things are so good over there?

Things only “look” bad here because everything is out in the open unlike other countries. If I were betting on economies, I would be a fool to short this one.

[dumbrenter]

patientlywaiting, as a frequent traveler myself and also as an immigrant who washed up to these shores a few years ago, I have never encountered a more free, open society which is tolerant to change as the one I am living in now. Apologies for not buying into this doom & gloom crap which seems to be the theme of the week here.

Seriously, why would anybody compare this economy with a bunch of city states living off of innovations from here AND off the magnanimity of the tax payers here who are subsidizing their security? How come I never hear of people packing off to go live in Israel, Singapore, Abu Dhabi or whatever if things are so good over there?

Things only “look” bad here because everything is out in the open unlike other countries. If I were betting on economies, I would be a fool to short this one.

[dumbrenter]

patientlywaiting, as a frequent traveler myself and also as an immigrant who washed up to these shores a few years ago, I have never encountered a more free, open society which is tolerant to change as the one I am living in now. Apologies for not buying into this doom & gloom crap which seems to be the theme of the week here.

Seriously, why would anybody compare this economy with a bunch of city states living off of innovations from here AND off the magnanimity of the tax payers here who are subsidizing their security? How come I never hear of people packing off to go live in Israel, Singapore, Abu Dhabi or whatever if things are so good over there?

Things only “look” bad here because everything is out in the open unlike other countries. If I were betting on economies, I would be a fool to short this one.

[dumbrenter]

patientlywaiting, as a frequent traveler myself and also as an immigrant who washed up to these shores a few years ago, I have never encountered a more free, open society which is tolerant to change as the one I am living in now. Apologies for not buying into this doom & gloom crap which seems to be the theme of the week here.

Seriously, why would anybody compare this economy with a bunch of city states living off of innovations from here AND off the magnanimity of the tax payers here who are subsidizing their security? How come I never hear of people packing off to go live in Israel, Singapore, Abu Dhabi or whatever if things are so good over there?

Things only “look” bad here because everything is out in the open unlike other countries. If I were betting on economies, I would be a fool to short this one.

[dumbrenter]

patientlywaiting, as a frequent traveler myself and also as an immigrant who washed up to these shores a few years ago, I have never encountered a more free, open society which is tolerant to change as the one I am living in now. Apologies for not buying into this doom & gloom crap which seems to be the theme of the week here.

Seriously, why would anybody compare this economy with a bunch of city states living off of innovations from here AND off the magnanimity of the tax payers here who are subsidizing their security? How come I never hear of people packing off to go live in Israel, Singapore, Abu Dhabi or whatever if things are so good over there?

Things only “look” bad here because everything is out in the open unlike other countries. If I were betting on economies, I would be a fool to short this one.

[kewp]

Great point about the Iraq War and the housing bubbles. Probably the two greatest mal-investments in the history of this country.

At least when the housing bubble is over there will be lots of cheap houses for sale. I’m not sure what good will come from the Iraq war.

[kewp]

Great point about the Iraq War and the housing bubbles. Probably the two greatest mal-investments in the history of this country.

At least when the housing bubble is over there will be lots of cheap houses for sale. I’m not sure what good will come from the Iraq war.

[kewp]

Great point about the Iraq War and the housing bubbles. Probably the two greatest mal-investments in the history of this country.

At least when the housing bubble is over there will be lots of cheap houses for sale. I’m not sure what good will come from the Iraq war.

[kewp]

Great point about the Iraq War and the housing bubbles. Probably the two greatest mal-investments in the history of this country.

At least when the housing bubble is over there will be lots of cheap houses for sale. I’m not sure what good will come from the Iraq war.

[Author]

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