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Paul Craig Roberts. talking about economics in science terms, may speak for himself. Dr. Lenny is in awe of how much he says in such little space.

Many American software engineers and IT professionals have been forced by jobs offshoring to abandon their professions. The November 6, 2006, issue of Chemical & Engineering News reports that "the percentage of American Chemical Society member chemists in the domestic workforce who did not have full-time jobs as of March of this year was 8.7 percent." There is no reason for Americans to pursue education in science and technology when career opportunities in those fields are declining due to offshoring.

As more and more high value-added U.S. occupations in tradable services are undercut by offshoring, the ladders of upward mobility that made America a land of opportunity are taken down. As the bulk of domestic service jobs do not require a university education, the United States will find itself over-invested in educational institutions and decline will set in.

Another problem is that the corruption of the outside world has found its way into universities. Today, universities look upon "name" professors as rainmakers who bring in funds from well-heeled interest groups. Increasingly, research and reports serve the interests that finance them and not the truth. Money rules, and professors who bring money to universities find it increasingly difficult to avoid serving the agendas of donors.

Much American economic thinking is grounded in the fact of America's past success. Many economists take it for granted that as long as the U.S. has free markets, it will continue to be successful. However, much of America's success is due to World War I and World War II, which bankrupted rivals and destroyed their industrial capacity. It was easy for the United States to dominate world trade after World War II as America was the only country with an intact economy.