To put it less politely in more political economic terms, in 1937 the US was turning very isolationist as well; while overseas there were miracle productivity stats because of economic campaigns like national socialism. That's right national socialism, puts out dynamite numbers, just like the Chinese have in the past 20 years.So it sort of dispels the notion that free market Capitalism is the most purest and most productive. Well, you say, National Socialism comes at a price and indeed you are correct; it often borders on slavery once the machine starts to discriminate on who's in control and who's controlled.
Nonetheless, we say down here at the bar; the bumps in the recovery are coming; and the World War III - deficit spending boost can hardly be tied to Afghanistan.
So where is the next run up and will it be national defense and security? Where do you want to place your money? The US plunged into massive deficit spending for WWII; reshuffled the industrial landscape with things like bank legislation regulation, social security and the right to collective bargaining (AFL CIO) and then went on a long ride; the prosperity party train. But this time its different; the party has ended; the US has printed way too much money to sustain the party and has grossly inflated the game stakes; depressing purchasing power.
Can we ever get to party central again or will the US house of reps take us to where we mentally belong; a third rate - third world - second rate empire?
There is not a vision among us to figure out the next decade; people whisper about renewable energy as the next frontier; but will the US population have the will to forge a new and free utiilty? No,.. they will watch while ancient cultures build modern infrastructures from the ground up.
Order up, please; double shots of bourbon, please.
