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| | Online NewsHour: A Gergen dialougue with Thomas Sowell -- July 11, 1996 |
 | | THOMAS SOWELL: They would save a tremendous amount of money out of very small wages, so--and in Argentina, for example, in the 1880's, a third of the people, most of the people in the Bank of Buenos Aires, most of the depositors were Italian, not Argentine, even though the Italians were desperately poor. |
 | | THOMAS SOWELL: And so even where they are rivers--and there aren't that many rivers in Africa--you can't go very far on them and you can't go there in large ships, uh, and so you couldn't have international trade. |
 | | THOMAS SOWELL: Oh, absolutely, although I must say that in many fiends Americans are falling so much behind that if it weren't for the foreigners in fields like sci--like engineering and mathematics, we'd be in very bad shape. |
| www.pbs.org /newshour/gergen/sowell.html (1605 words) |
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