The New Spirit Level of the Real Global Economy

The following article appeared in last Sunday's Telegraph newspaper: http://www.telegraph.co.uk/finance/comment/jeremy-warner/8057069/Jobless-America-threatens-to-bring-us-all-down-with-it.html

Comments are still coming in - some not very politically correct - and along with the original text make for interesting reading. One respondent wonders where all the money is coming from to prop up the United States economy.

The answer of course lies in the labours of overseas workers, and their financial fruits to foreign governments: notably China, increasingly banker to the US.

This is now "The International State We're In", as indicated in my reprinted post of yesterday.

So if political folks over here are getting excited about a new book called "The Spirit Level" - profiled on BBC Radio 4's Analysis yesterday - might I suggest that they also think about the wider international implications of this book's message concerning the benefits of increasing socio-economic equality.

For I would suggest that "The New Spirit Level of the Real Global Economy" is going to be very challenging indeed for many people in the economies of "The Old West", and that their governments, including our own, need to "get real" in responding to this situation sooner rather than later.