India has 190,000 engineering students graduate every year I think the US has like 60,000. Why do you think india will just be a place to send your products to get made like china? I think india can be both, china could be too but their government probably will not let it be.

The people who make over 75,000 have decreased between the years 2000-2003 also but I would excpect that has to do with the tech bubble bursting and a couple planes flying into a couple towers in the economic center of the united states. But I guess that bush’s fault too.

I agree, because it blunts the question, since the responder can always say, “It’s just a recession or depression.”

Capitalism needs to be questioned when its beneficieries are flying high. Because what comes after capitalism, what improves capitalism, can only be conceived by those who have the luxury to conceive it.

Capitalism is the economic system of the self. But unless there is a self to begin with, there is no other that one can ethically relate to.

Well, we’ve sure as hell got the self. So let’s bring on those ethics.

our middle class is shrinking because of the failure of our executive branch…however, its gigantic size to begin with represents the collective success of our previous executive branch. Our “poverty line” by the way, would be conisered middle class in much of the world, if not upper middle class.

our economy fluctuates, always has, always will, its silly to question capitlism during a recession or even a depression.

sports are good for economies, so is all popular forms of entertainment, there is almost no downside. Entertainment equals fun, people like to have fun, people want to be where the entertainment is, more people go there for school, get smart, get good jobs (or start companies), buy more food, beer, stuff, everyone is happy (except politicians who think that by talking about taxes, they will win more votes and thus re-election)

do you think politicians actually care about the tax implications of sports stadiums. Puhlease, they are just taking a side so that they can get the votes from the elderly who don’t want to pay more taxes, and also they are trying to get the sports owners to pay them off…thats all.

its corruption, but luckily our corruption in the US is much less than other places.

[to say all that I am able on it is to quote someone else:

Estimates for how much the Bobcats will affect Charlotte's economy aren't available. During the fight to build a new arena for the Hornets early this decade, UNC Charlotte economist John Connaughton estimated the Hornets generated more than $100 million a year in spending in restaurants and other businesses.

Other economists disagree as to whether arenas or sports teams actually contribute. They say the money spent at games or concerts is money that would've been spent on other entertainment, such as movies. The condos built uptown would have been built somewhere because people need places to live.

]

…when the major point of the quote from The Rise of the Creative Class was to suggest that the countries one should perhaps be concerned with (if one’s concern is the scoreboard of global domination) are not the manufacturing powerhouses of India and China, but the smaller European countries that are attracting the creative class, which is the class of people that put the pedal to the metal on the economy; imagine the next Microsoft or Google being created by the creative professionals of Ireland or Sweden or New Zealand. The digital revolution means that, once the “product” is developed, it doesn’t even need to be “produced.” It can simply be copied from computer to computer over the Internet. The manufacturing forces of China and India don’t even need to be included in the chain of production.

Of course, we’ll always need shoes and shirts. But on this I think Adam may be right. We don’t have to worry about the manufacturing countries. Or at least, not until they become “creative” countries as well.

But this assumes that the argument of the book (and again, I am only on page 3) is a solid one. Its reputation suggests that it is. But there’s no need to trust reputation when I can read it myself.

Remember simcity, building a stadium always helped.

All I was saying (or rather, quoting) is that cities and states have better things to do with their tax dollars than build NEW sports stadiums.

How do the red sox not make money for boston? Each player pays taxes plus each visiting player pays taxes on the games he played in massachusetts. Not to mention all the other crap that comes with people buying shit, hotels and surrounding bars parking garages.They mention the lowly beer slingers but not the 70-80 million dollars the athletes have to pay taxes on.

Having said that, almost the entire crew of LOTR was from New Zealand. The people who made it were, for the most part, New Zealanders. Sure, New Line (or whoever) was the studio, but it was a New Zealand movie. The book also says to take a look at where most movies are filmed nowadays. Not in the U.S., but in Canada.

As for the sports stadium argument, check out an article called “Political Football,” hosted at MIT. It was written when the Patriots were talking about moving to Hartford. The relevant passage:

The Patriots provide some employment, some tax revenue, and some sense of civic pride to the Commonwealth. But their contribution to the state is not worth the $350-million welfare check that Governor John Rowland, R-Conn., appears happy to write to Kraft. The jobs at Foxboro Stadium are part-time and low-paying. Surely the government can do better with its limited resources than to underwrite employment for poorly paid beer vendors for ten Sundays a year. The Commonwealth should work with business to insure Massachusetts remains a leader in the computer, biotechnology, and financial service sectors. These are attractive industries which attract an educated, well-paid work force, and their contributions to tax revenue are much greater than a that of a football team.

But again, if you want the argument, read the book, which comes with a shitload of statistics. The writer is not an armchair philosopher, creating ideas out of thin air; he’s actually done his homework.