From: "Gates, Scott" <[log in to unmask]>
> I whole heartedly agree that trade a good thing, however, we are not
> benefiting from the trade over all. At present, capital (and jobs) are
> flowing OUT of the United States, with only a benefit for the top level.

Capital is flowing INTO the United States.  To quote (Democratic) economist
J. Bradford DeLong:

"Instead of capital flowing from rich to poor, it flowed from poor to
rich--and overwhelmingly in recent years into the United States of America,
whose rate of capital inflow is now the largest of any country, anytime,
anywhere."

http://www.j-bradford-delong.net/movable_type/2004_archives/000378.html

I have seen no evidence that the trade is costing the United States jobs
overall, although it certainly costs jobs in some sectors, textiles being
the hardest hit.

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