The article attempts to give the big view of economic readjustments in the US economy and vis a vis the world economy. It presumes not to give much data or sources, and seems to go to lengths not to identify too closely the causes of many of the problems. No long fingers pointed at tax cutting policies nor failure to regulate the loan financing industry, nor the huge expenditures for military invasion and occupation for example.

A frank if not bleak view of the re-calibration of the US economy in response to the inevitable grinder called "the global economy".

I would like to see a journalist take on the myth of free-trade which is really behind the collapse of the American empire. Paul A. Samuelson, the Nobel Prize-winning economist and professor emeritus at MIT, has reassessed the advantages of free-trade. It is simplistic to assume that it is win-win. In fact, it may do serious damage to the economy as a whole.

A good overview of the large-scale adjustments underway in the US economy, for the general reader. Nothing new or original here, but well presented for the non-specialist.