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Life Arts

Educating the Next Generation

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Karen: Who in Congress wants us to sign it now?

Bill: Well, they've decided that the United States will"the big mining companies will now be able to have an advantage if the treaty is signed.

Scott: This (treaty) would extend our continental shelf 200 miles.

Timothy: I don't think America would give out money to developing countries.

Bill: Well, it wouldn't be American money.

Timothy: I don't think America would ever do that".

Bill: That's the real question.  

Timothy: You just"They (America) don't do that.   They have to find some way to get something out of this treaty.   They won't just sign it (in order to) give out money to poor countries.   They'll sign it because maybe they know how they could take advantage of the situation in some way.

Bill: Well, you know, many people have argued that "and there's been some new books on this"that the United States is becoming weaker politically"

Timothy: Then China"

Bill: Well, not just China.   Then many other countries.   And relatively speaking the distribution of economic power and political power on the world stage is changing.   The BRIC countries " ever hear that acronym?   It stands for Brazil, Russia, India".

Timothy: Oh, I see.

Bill: "and China.   Yes, these are countries that are growing in power.   And in political power as well as economic power.

Emmanuelle: In fact, until very recently, they were considered like developing countries, but then they are developing so fast".

Scott: China is a major power now.

Timothy: China owns half of America, you could almost say.

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles was published by Tayen Lane Publishing (March, 2015) and may be found here:

Scott is President of Common Ground-NYC (, a Geoist/Georgist activist group. He has written (more...)

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Nice Job. There is no explanation so clear as ... by Thomas Brown on Monday, Jul 2, 2012 at 1:31:38 PM
by Charles Einstein. He argues similarly, but also... by Daniel Geery on Tuesday, Jul 3, 2012 at 1:36:58 PM