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Quote by: maximdewinter  Hello all.
I think that historically, healthy economies have had a stable currency, a good savings rate, low taxes--both personal and corporate, a favorable balance of trade and an excellent educational infrastructure with a strong work ethic. In other words we have some problems.
Right now I would say that the number one problem is that the dollar's value is in a free fall and we are doing nothing to support it. I believe that the problem has been long term--massive debt which most other countries think is going to be monetized by our Fed, so they are dumping the greenbacks further depressing the price. The solution to that one I'm afraid is going to be long term and painful. |
Welcome to Volconvo. Those are some good "down to earth" insights and well written.
We now have a somewhat different landscape. The chain stores have replaced many of the family run businesses, technology and machines have replaced many of the jobs once done by workers without a collage education, criminal activity has become more popular as a kind of underworld business which plays a role in all of this - they do not pay taxes but taxes are used to fight that undergound business. And of course we got outsourcing of jobs and more imports both in products and immigrant workers. And those changing landscapes did not ocur slowly over a long span of time, it rushed in on the express lane, most of those changes took place right after the Motown era. (late 1950s through the 1960s and really sped up when the computer collective took charge. We cannot just turn back to the days of the fishtail cadilacs where gasoline was 25 cents a gal and when techonolgy was all about having Sam Cooke on a 8 track tape player so we can woo our girl on the way home form the drive in movies ( without the darn seat belts to prevent snuggling up). Although, to be honest, I am all for that "old school" stuff.
That is where we got caught off guard, it happened so fast, although some real young people might think that it was always as it is nowadays. Those who have no clue about what a phonograph record is. We have women who are still alive today who were not permitted to vote in the old days. One life span equals rapid change. I doubt if we can slow down the fast track because the train already left the station, we must adopt to these new challenges and adapt as rapidly as they ocur, which will take some fast thinking poltics.