First, I will elaborate the components of American Economy.
American Economy has following key components:-
1. Consumer spending
2. Government spending
3. Business/Industry spending
4. Net Exports
All of the above are measured in GDP. Now, some observations:
1. Consumer spending represents the largest component of American Economy in modern times. Above 60% of GDP on average.
2. American Net Exports are in deficit since 1972. Reason is that American Imports > American Exports. This deficit negatively impacts GDP growth and is also contributing to National Debt. If the trend is not reversed, this will translate into an emerging crises.
So what Americans need to do?
1. Stimulate Consumer spending. In order to do so, create job opportunities for the locals.
2. Make American Net Exports surplus. In order to do so, revive American Manufacturing Industry.
There is no permanent solution to fixing the economy- globalization and soon, automation, are the death knell of all service-based economies.
In the long term, the "work force" is going to comprise of a small and specialized group of engineers and scientists, whose duty will essentially be maintaining the automated workforce. Everyone else will either live off of a guaranteed universal income (essentially, welfare) or starve.
In the short term, more and more jobs will slowly be lost to exploited third-worlders and robots while our idiot polticians continue to spout memes about the free market and boot-straps.
__________________
"The Daemon lied with every breath. It could not help itself but to deceive and dismay, to riddle and ruin. The more we conversed, the closer I drew to one singularly ineluctable fact: I would gain no wisdom here."
__________________ Recently Produced and Distributed Young but High-Ranking Political Figure of Royal Ancestry within the Modern American Town Affectionately Referred To as Bel-Air.
Remember when Silicon Valley mogul's were going on about creating their own country?
Rich progressive's only? When are they gonna get on that?
__________________ What CDTM believes;
Never let anyone else define you. Don't be a jerk just to be a jerk, but if you are expressing your true inner feelings and beliefs, or at least trying to express that inner child, and everyone gets pissed off about it, never NEVER apologize for it. Let them think what they want, let them define you in their narrow little minds while they suppress every last piece of them just to keep a friend that never liked them for themselves in the first place.
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Nov 25th, 2016 06:00 AM
