[Shaun @ Tru6]

I see a few flaws in your argument John, though well presented.

RE: Taiwan, Korea, etc. First, you can't compare them with China. it's like comparing a flashlight to the sun. Scale.

RE: American economy is based on ideas. I agree. Too bad it's so easy for China to copy our ideas with little to no repercussions. And at the end of the day, if all we come up with are ideas for products that are made overseas, at best you add to the upper 5% class. Ideas that create American jobs are great, but that's not really the trend.

RE: labor pool correction. This is like trying to imagine God, or comprehend the number of stars in the sky. Combine its population with access to raw materials on its own terms with modernization while China opens up the very top industries like aerospace, and the correction won't be in our lifetime.