There's apt perception here. We should've seen it coming, though. In
1993, a French economist, Michel Albert, published his Capitalism vs. Capitalism
in which America's addiction to short-term gain in favor of long-term
investment is well pointed out. Albert feared that free market economics in
America and Great Britain were a peril to Europe's own democratic-socialist
version of capitalism. Albert predicted, pretty much right-on, what happened
here in 2008 and subsequently, in Europe. Having the wrong people in
position to steer the U.S. down the wrong road has cost us dearly. Very dearly.
Ernest, you crack me up.
CWEB, I think the finger pointing does nothing to solve the problem. This
isn't really about politics anyway. It's about chief executives too
focused on profits today and not focused enough on the long-term direction of
their companies. It's about companies that aren't creating products
the rest of the world will buy. Blaming the current administration isn't
even looking at the real problem. Government doesn't run the businesses
that are suffering from this short-sightedness.However, if we were
to look at who was in the White House when this trend began, you'd see it
wasn't the Democrats. Nevertheless, it's far too easy to blame the
brainiacs in Washington. I think it's time individual business leaders took
a good long look at how they manage their businesses and the way business
schools train the business leaders of tomorrow.
" I believe the left has nailed the coffin shut on the U.S. It is just a
matter of time.":"It's the liberals."Please - give me a stinking break. :Most of the countries that are taking
names and kicking you-know-what are far more socialist than even the most
progressive liberal here in this country dreams of. Lets take a reality check
on the partisan rhetoric, because this has been building over the last many
decades.Some of the biggest reasons we are falling behind is our
government isn't funding the next big thing like they did through the space
race and tech surge. Most basic research, which had it been left up to the bean
counters, would not have happened. There was no practicle "need" to
develop the flat screen panels. No one at home was saying I would only buy a TV
if they were only 3 inches thick. It was the space and defense that demanded
these innovations. Not a single person thought they needed a home
computer 30 years ago. Computers were for corporations. Again, the
microprocessor was developed through demand for more mobil compute power.Lets stop poeticizing everything. Lets go compete again.
Yup, we've dropped the ball and will soon fall behind other nations.
We're not very innovative any more.
It's the liberals. If we could just cut all taxes on the rich, raise taxes
on the poorest 50% and do away with the minimum wage, America could be #1
again.Also, build more bombs and fighter jets.
Is that a sincere question? Really? The question to ask is--can we do anything
to reverse it, or is it too late? I think its too late. I believe the left has
nailed the coffin shut on the U.S. It is just a matter of time. Financially,
morally, and the destruction of the United States is all just on some time line.