Post by benthere on Nov 13, 2011 10:56:08 GMT -5
“The Genie is out of the bottle”
In the beginning, we were a new nation with abundant natural resources and low wage immigrant population to build our nation. The situation has matured to less natural resources and a large educated population.
Over the last thirty years, America has change from an internal producing nation, mixed internal/external producing nation, to managed external producing nation and importing cheaper products. With an increased population and more foreign production jobs, the net result is less work in the USA. Less work, more job seekers, and the resulting driving force of less wages. Can more competition for jobs and wages solve this problem? This will only lower wages and we have seen income stay flat or minimal increase with increase in inflation and workers paying more for company benefits, or to keep the job.
We are experiencing the effects of maturing capitalism. Mega banks (banks allowed to merge investment, savings/loans, commercial) that is too big to fail. Bank bailouts, investment banks creating smoking investments for profit out of nothing. Investments banks and CEOs make fortunes betting the upside and the downside of the economy. At this point we cannot abandon capitalism, a modification must be reached to benefit the workers in a fair percentage of national wealth compared with the CEOs and congressmen.
All about business not the people.
Education system. Does not work. Education must lead to the desired job. Standards are necessary, but cannot be the driving force to education. Education must be for the fullfillment of the individual. Teachers should have a living income for the location. Teachers should not need a second job for a living income.
National debt. I see America as out of a job. When you are out of a job, you do not payoff your debt. If necessary, you borrow money to survive long enough to get a job and payoff the debt. If the USA uses money resources to payoff debt in a recession, the recession will be long. When the gears of the economy are binding, more grease is required. This grease or money needs to come from the wealth of the nation, not the less fortunate.
National finance. Our recession is the result of investment bank greed under the premise of free market and capitalism. Greenspan wanted to spread American wealth to developing nations with cheap labor and raises their standard of living and makes a market for USA products. Now that cheap labor makes product and services for America. Less regulation, more profit for investments in mortgages, turn your home into a liquid investment, and sell the profit idea to the world. Change the banking system for one bank holding your mortgage as a savings and loan to break up the mortgage into parts, spread the risk, and guarantee surface mortgage by the government, then sell the pot mortgage around the world. So yes, America is responsible, in part for the world financial mess.
Now the bad side, we no longer can have a retirement pension, we are required to fund our own 401ks that make us dependant and part of the investment system. How sad is that. Since a large part of our population is suppose to retire soon, there is less retirement resources as value in the 401k, work longer to get to social security, more dependant on social security and Medicare, these should be retirees, now have to work longer and/or find jobs in their retirement. This puts pressure on the whole job market and workers of all ages. Less advancement and fewer jobs. If we only had company pensions.
International finance. Guess what, we now depend on selling our products to other countries. Our capitalist model has spread to, China, India, South America, Europe, even Russia in a small way. China, India, South/Central America have cheap labor, a definite advantage. I would like to write about Europe. About ten years ago, America was expanding our markets and our government supported capitalist idea around the world. Europe, at the time, was individual country economies. How can Europe compete, form a union, open the borders, one currency and model itself like the United States. This worked for a while, but there was not uniform regulation of retirement, health care, and unchecked political/business greed. I hope the European Union can resolve itself.
True Capitalism. As an example, the big corporation, undercuts the competition, make the other corporation weak and is out of business or taken over by the big corporation. Now, how to undercut the competition, lower wages, longer work days, less employees, outsourcing, no benefits, lower priced product, and less production cost. Can America survive with true capitalism?
Politics.
On average, half of the current congressmen are millionaires. Who in America has the most money? Money is power; money can buy lobbyists to control congress. Which type of congressmen can be elected, the ones with the largest financial backing from corporations? Who can sell their pay cut ideas to the American people, the ones with the most money. The powerful not only want to stay in power, but gain more power, remember money is power. Power will dictate which path America take in the future. Will America survive, for us, or for our children, and for grandchildren?
I do watch many hours per day of business news, we coming to crossroad.
In the beginning, we were a new nation with abundant natural resources and low wage immigrant population to build our nation. The situation has matured to less natural resources and a large educated population.
Over the last thirty years, America has change from an internal producing nation, mixed internal/external producing nation, to managed external producing nation and importing cheaper products. With an increased population and more foreign production jobs, the net result is less work in the USA. Less work, more job seekers, and the resulting driving force of less wages. Can more competition for jobs and wages solve this problem? This will only lower wages and we have seen income stay flat or minimal increase with increase in inflation and workers paying more for company benefits, or to keep the job.
We are experiencing the effects of maturing capitalism. Mega banks (banks allowed to merge investment, savings/loans, commercial) that is too big to fail. Bank bailouts, investment banks creating smoking investments for profit out of nothing. Investments banks and CEOs make fortunes betting the upside and the downside of the economy. At this point we cannot abandon capitalism, a modification must be reached to benefit the workers in a fair percentage of national wealth compared with the CEOs and congressmen.
All about business not the people.
Education system. Does not work. Education must lead to the desired job. Standards are necessary, but cannot be the driving force to education. Education must be for the fullfillment of the individual. Teachers should have a living income for the location. Teachers should not need a second job for a living income.
National debt. I see America as out of a job. When you are out of a job, you do not payoff your debt. If necessary, you borrow money to survive long enough to get a job and payoff the debt. If the USA uses money resources to payoff debt in a recession, the recession will be long. When the gears of the economy are binding, more grease is required. This grease or money needs to come from the wealth of the nation, not the less fortunate.
National finance. Our recession is the result of investment bank greed under the premise of free market and capitalism. Greenspan wanted to spread American wealth to developing nations with cheap labor and raises their standard of living and makes a market for USA products. Now that cheap labor makes product and services for America. Less regulation, more profit for investments in mortgages, turn your home into a liquid investment, and sell the profit idea to the world. Change the banking system for one bank holding your mortgage as a savings and loan to break up the mortgage into parts, spread the risk, and guarantee surface mortgage by the government, then sell the pot mortgage around the world. So yes, America is responsible, in part for the world financial mess.
Now the bad side, we no longer can have a retirement pension, we are required to fund our own 401ks that make us dependant and part of the investment system. How sad is that. Since a large part of our population is suppose to retire soon, there is less retirement resources as value in the 401k, work longer to get to social security, more dependant on social security and Medicare, these should be retirees, now have to work longer and/or find jobs in their retirement. This puts pressure on the whole job market and workers of all ages. Less advancement and fewer jobs. If we only had company pensions.
International finance. Guess what, we now depend on selling our products to other countries. Our capitalist model has spread to, China, India, South America, Europe, even Russia in a small way. China, India, South/Central America have cheap labor, a definite advantage. I would like to write about Europe. About ten years ago, America was expanding our markets and our government supported capitalist idea around the world. Europe, at the time, was individual country economies. How can Europe compete, form a union, open the borders, one currency and model itself like the United States. This worked for a while, but there was not uniform regulation of retirement, health care, and unchecked political/business greed. I hope the European Union can resolve itself.
True Capitalism. As an example, the big corporation, undercuts the competition, make the other corporation weak and is out of business or taken over by the big corporation. Now, how to undercut the competition, lower wages, longer work days, less employees, outsourcing, no benefits, lower priced product, and less production cost. Can America survive with true capitalism?
Politics.
On average, half of the current congressmen are millionaires. Who in America has the most money? Money is power; money can buy lobbyists to control congress. Which type of congressmen can be elected, the ones with the largest financial backing from corporations? Who can sell their pay cut ideas to the American people, the ones with the most money. The powerful not only want to stay in power, but gain more power, remember money is power. Power will dictate which path America take in the future. Will America survive, for us, or for our children, and for grandchildren?
I do watch many hours per day of business news, we coming to crossroad.