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It didn't take too long before it was time to stop reading this article. After two paragraphs of this kind of stuff its easy to fill in the blanks. America wil
by Bertrood 16y ago
It didn't take too long before it was time to stop reading this article. After two paragraphs of this kind of stuff its easy to fill in the blanks.
America will do fine in the future. It is easy to lose site of this when looking at things on the surface such as imports vs. exports in the US and emerging markets vs the stale US economy.
America has the best univerities in the world, and the largest amount of highly educated workforce and entrepreneurs. This IS earning power for the 21st century.
With declining traditional labor forces, markets in the future will be based more around innovation and knowledge management. The US will be well positioned for this in the future even with all it's current troubles.
With the recent saving of our financial systems with the bailouts, the US government done the nation great service by ensuring the low cost of capital in the future. This is another reason America's future looks very bright.
We are also very well positioned geographically to optimize trade by sea and land to the US.
- kiba 16y agoIf the US economy tanks, everybody else tanks.
- Bertrood 16y agoRegarless of what happens in the shortterm, the US will be the dominant power in the 21st century.
- ThomPete 16y agoSo is Europe. But do you really want the US to be relative to China as Europe is relative to the US?
- Nick_C 16y agoWow, that's a big call this early in the century. Think back to 1910 and the relative positions of the UK and the US versus their positions by 1990. Personally, I think China will have exerted its real economic influence well and truly by the third quarter of this century. Couple that with India, and I expect there won't be such a thing as "the dominant" power. There will several economic powers, with the US being one of them.
- gregfjohnson 16y agoThe people I worry about in the U.S. are the ones who will not be equipped to be entrepreneurs, innovators, or knowledge management types. Only about 30% of Americans earn a college degree. We university types tend to forget they exist, just as most of us forget that the Earth is 70% ocean. They are just off our cognitive rader screens, not part of our universe. I'm wondering if those of us who dream about creating companies and changing the world can start to envision a future that provides opportunities for a broad swath of working class Americans.
- tomjen3 16y agoWhy should we? Honestly they live better than the bottom 70% has ever done, they have access to fresh fruit and healthy meat even in the middle of winter, they have heated houses, indoor bathrooms with flushing toilets, roofs that doesn't leak and better medical-care than in any other period in history. There may be bigger differences between the classes than there were 40 year ago, but thats a strawman - progress is measured in whether or not you advance, and doesn't depend on whether or not your neighbor advances more.
- mr_luc 16y agoI agree with the truth that this comment expresses, but I hope for different things. I really mean to blog on this subject, in fact, as it's one that inspires me. Due to a curious combination of circumstances, I work 3 months each year in a factory (likely representing the bottom 10% of the labor pool), and the system that we have works way worse than it could for all parties involved. I'm very interested in thinking about where it could go with the proper application of technology.