Gee,maybe the geniuses at the left wing Brookings Institute will come to realize that endless borrowing, printing of currency, high taxes, endless complicated and restrictive rules regulations and a growing government bureaucracy, endless promises to people of more than the country can afford, and an ongoing anti carbon energy campaign that raises the cost of everything really does inhibit wealth producing capitalist activity.
Very important subject and insufficiently examined. This is THE outstanding phenomenon of the process of decadence of this civilization. I suspect that it will ultimately be explained by Schumpeters theories, I.e., that rent seeking, cronyism, regulation, and paralysis through bureaucracy will cripple economic growth. More at some periods than others, but the general path is the same.
That feeds off of manufacturing processes. When you don’t have manufacturing processes to experiment with, innovation dries up.
We are in an economy where more and more people are unemployed. Those that are employed are increasingly in the healthcare sector. And our remaining wealth is being squandered on cheap imports that put Americans out of work and increase government debt.
this is the left’s long-term goal. killing middle class, socialism is just elites and the proles. also ties into destroying the last superpower as if we can manufacture what we need we’re holding up the nwo/globalism plans.
more poor folks as no middle class, more govt ddependency == more govt control.
There are only 4 wealth creators. Everything else feeds off them. No stores necessary if wealth is not being created. Can’t afford doctors, lawyers, accountants, police, firefighters, military without wealth creation.
Manufacturing, mining, agriculture and applied research are the basic wealth creators. Put burdensome restrictions on these activities and you will witness slow death of a nation. That is what is going on in America.
The causes are regulations against tiny manufacturing and building efforts by individuals, and generally, approved, influential looking corruption on both sides at every level. Ingenuity will wait, until the way is clear. Until then, enjoy.
Wait. I thought Barack Obama, and our incumbent governor, Terry Branstad, said that everything is awesome, business-wise...
http://www.census.gov/foreign-trade/balance/c5700.html#2013
Just saying. Last year:
Imported from China, to America (made by Chinese workers): 440 billion dollars.
Exported from America, to China (made by American workers): 122 billion dollars.
America is starving right now. Shrinking.
America needs to get back to making things. Right here in America.
Just saying.