I just read half an article in Fortune magazine where once again the topic is China and the United States. However here the focus wasn't so much on the countries but on the people. The question the magazine was focusing on wasn't "Can the U.S compete?" but, "Can Americans (U.S citizens) compete?" I did not like the framing of the article at all. It was saying that the U.S will suffer because its secondary and high school is failing (true) and that it is outputting less University grads than the thrid world... not entirely true. The article claimed that the Third world like Mexico, Brazil and India are starting to educate and specialize their people in greater numbers than the U.S. They said that China will have 3.3 Million College grads in 2006, India 1.3 million while the U.S will only have a measly 70,000.
Now, that SOUNDS frightening but what the article fails to mention is that China's population is one of 1.3 Billion, India's is 1.1 Billion and the U.S' has only 293 million. Well NO WONDER They'll output more grads, they have WAY more people! So my assesment is that while the U.S does need to revamp it's public education system (its Universities are still pretty much top notch, yet VERY expensive) They don't have to freak out over what in the end is a numbers game.