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A rare chance to learn!
on April 23, 2014
Luttwak explains that the "highest echelon" of the U.S. Treasury "is staffed almost entirely by former or future employees of the leading financial firms" that are sensitive to Chinese enterprises as future clients, for example Timothy Franz Geithner. According to Luttwak, these financial power elites have no responsibility for or indeed any intellectual interest in the condition of the U.S. manufacturing sector and the subsequent loss of jobs, which they regarded as "uncompetitive and not worth having" — and their willingness to bend to Chinese demands for the sake of making cheap capital available to private finance, has also allowed a tsunami of technology, including aerospace technology, innovated by American enterprise to be given to the Chinese.
Every American should read this book! This man is brilliant and he knows what most do not or will not say. We have much to learn.