Central Planning....Authoritarianism.....Low wages................Too much reliance on exports vs organic growth within............Too much reliance on foreign knowhow...................................Confusing money with wealth..............................................Population control............................Tons that Americans Ruling Class, both Republicans and Democrats could learn from.Like I've said, the only reasons I think American will remain 'thee' Superpower:*Fossil Fuel revolution on the way. Drill baby drill, frack baby frack. Tons of middle class jobs will be created, tons of infrastructure investment. (China is terrified of this one, according to their internal studies)*Our 'competitors' are more screwed than we are. India can't even fix a sports arena without arguing amongst themselves, corruption is at eye-level, and socialist hiring practices are in place. Russia has a birth-dearth. China has what your link stated. Europe will be ok but barely. Their cradle-to-grave schemes are meeting their death in a slow way. Pension reform has not even started yet.*Sorry, but America's spirit and people are better. More individualistic, more ambitious, more dynamic, more tough. Also, we aren't as militantly secular here, so we're still dabbling in marriage and having kids which is an economic plus that Russia or even Europe would love to have.What is hobbling us, but we can afford it: We've got a growing underclass coming, Britain style. The fashionable march away from nuclear families, according to all studies adds to poverty, crime, lack of qualifications, and future dependency. It wasn't Jerry Falwell worried about this, it was that Right Wing Fundamentalist Teabagger named Patrick Moynihan. The question is: Will America be mighty enough to grow, despite the huge underlcass? The trick will be immigrants. Until now we've been great at bringing in productive people, assimilating them, and benefitting whereas in France, they are put onto social services and ambition is stifled. My sincere hope is that our future immigrants reject the freebies and chase something better for their families. IF IF IF that happens, we'll be robust enough to subsidize our underclass and the next century will be owned by america, yet again.I'm not sure about this last part, hence I've organized my life around a 51% chance that america goes bust. jediG
Oh and i forgot....IF the fossil-fuel, drilling, and fracking revolution does occur, it'll lead to much cheaper fuel and that means a few things for the middle class who, according to some are the backbone of America:*Cheaper gas alleviates budget strain on the family.*Cheaper fuel costs might negate inflation or interest rate hikes stemming from QE-9 or QE-100 or whatever.*Cheaper fuel + better worker + more business friendly America means that manufacturing jobs can RETURN to the United States. We've got a few tricks left up our sleeves.My biggest regret: Amnesty. I have a good inkling who will get these good paying oil jobs. To me, the ultimate reparation to descendants of slaves in America would be '1st priority' for the training and jobs, followed by Americans displaced from manufacturing thanks to Clinton-Bush-Obama "free trade".WE'd take the poorest Americans and turn them into the new working middle class. It'd be like post WW2 boons, only this time the middle class would be multi-colored.JediG
the best cure for almost any ailment, medical, social or societal ... is a job.George Friedman is becoming someone who I read all the time. He has stated many times that we are at the BEGINNING of the American era, not the end, and that it will last for centuries.His think tank, Stratfor, is in demand. I just read his book, 'The Next 100 Years' which is really a brilliant example of clear thinking and good writing.
I'm gonna order that book later today. Thanks
He's pro-American and unapologetic about that, which is kind of refreshing.Beyond that, he's apolitical, and a really brilliant analyst. He completely avoids polemics, which is also a real plus.you will find some of your predictions affirmed and others torn apart. It's a real eye opener.
the best cure for almost any ailment, medical, social or societal ... is a job.Well, that's one thing the Chinese sort of get. That's why they will continue to produce aluminum at a loss... better all those folks along the supply line have a job than they close the bauxite mines and the smelters and such and all the workers just sit around.Anyone who thinks Alcoa can outlast the Chinese is out of their mind!
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