Unlimited economic growth creates bubbles and crashes. A better plan is to work toward a growth model that matches population growth and no more. Pushing more products on our people and encouraging them to borrow more is bad policy.
Higher quality living is the goal. If our people's primary focus was not acquiring the latest junk, they would spend more time on hobbies, maintaining the things they already own, and most importantly, would spend more time with family. Providing basic medical care, lower cost defense strategies, tax stability and a better re-employment policy makes for a more carefree and content community.
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I think our biggest problem at this time is that all we are producing is consumers. We should be focusing on our education system and promoting small business. Also we should either begin serious oil drilling offshore or begin pushing more resources on to ethanol production. Our dependence on foreign fuels is totally unnecessary. We should also be taking a serious look at how are markets are increasingly growing in value while the median income in the US a remained relatively the same in the last 40 years.
ReplyDeleteEducation and small business are good.
ReplyDeleteDrilling our oil reserves now to save a few pennies at the pump is not a long term solution. Renewables are. Ethanol consumes as much fuel as it produces.
Median income is not growing because billionaires prefer it that way. It's time to stand up and demand an equal say.