The decline of the West

"In a recent column Peter Cochrane, former chief technologist at BT (British Telecom), wrote:
At the height of the dot-com bust San Francisco police were finding over 80 cars a day with the keys left in the ignition at San Francisco airport. This was mainly down to the population of Indian and Chinese immigrant engineers and scientist going back home. Having suddenly had their employment terminated by American companies and corporations they had no choice--it was time to go home.
Having been employed for many years in Silicon Valley, they had learned about turning ideas into commercial success. They d learnt about capitalism, manufacturing, sales and marketing--and they had learnt how to network and how to manage. No surprise then that these people are now the heart of the outsourcing industry in India and the manufacturing miracle that has become China.
This is all good news for the world from the perspective of wealth redistribution, as a key element of globalization, and of course for cultural exchange. And, perhaps even, as a mechanism for the lessening of racial intolerance and the risks from future terrorism. "
http://blogs.zdnet.com/BTL/index.php?p=1251