The decline of US economic power continues and is examined by a series in Salon by Andrew Leonard. This is a look at the economy of the ipod which itself is a microcosm of globalization.

Critics are worried about trade deficits, job numbers, and even national defense. They are convinced the U.S. has sown the seeds of its own decline by shipping jobs and technological know-how to future super powers like India and China.

With every new startup having an Indian on the team, we should not be surprised that business is moving to East Asia. First steel. Now silicon. There is a global economic war going on and most people don't realize that the US is no longer the super power.

If you want more about waning US economic power, listen to the Marketplace Morning Report for June, 2005.