Comments on: The False American Economy http://www.midwestfreepress.com/2009/10/01/the-false-american-economy/ Bringing Honesty to Media Sun, 01 Aug 2010 03:29:55 +0000 http://wordpress.org/?v=2.6 By: Reggie Greene / The Logistician http://www.midwestfreepress.com/2009/10/01/the-false-american-economy/#comment-7339 Reggie Greene / The Logistician Tue, 20 Oct 2009 20:07:29 +0000 http://www.midwestfreepress.com/?p=2264#comment-7339 Here’s a thumbnail of what it takes, in my view, for a society to be prosperous: 1) An inventive / innovative class; people have to want to invent things and processes; 2) Cross-culturalization, where multiple inventors get together and compare their inventions, and newer \ better inventions are created; 3) Seaports or trade route intersections; 4) Business flowing from invention / innovation; 5) Decent jobs flowing from business, so people can take care of their families with pride; 6) A reasonably decent life flowing from more people having jobs; and 7) Education encouraging the repeat of the process Either some force in society sets this in motion, governs the process, and maintains it, or it does not. If you leave it to chance, you might be on top for a while but you will not be on top indefinitely. But that is a cost of freedom, when you do not direct people what to do with their lives. My suspicion is that China will be the next world power because they tell more people what to do, and they are more controlling. More free? Of course not. But more planning, organization, consistency, and coordination take place under their model. We in the U.S. use the “herding cats” model, and there are benefits and costs associated with it. We’ve needed more inventors for years, and few in our country have paid attention to that issue. Here’s a thumbnail of what it takes, in my view, for a society to be prosperous:

1) An inventive / innovative class; people have to want to invent things and processes;

2) Cross-culturalization, where multiple inventors get together and compare their inventions, and newer \ better inventions are created;

3) Seaports or trade route intersections;

4) Business flowing from invention / innovation;

5) Decent jobs flowing from business, so people can take care of their families with pride;

6) A reasonably decent life flowing from more people having jobs; and

7) Education encouraging the repeat of the process

Either some force in society sets this in motion, governs the process, and maintains it, or it does not. If you leave it to chance, you might be on top for a while but you will not be on top indefinitely. But that is a cost of freedom, when you do not direct people what to do with their lives.

My suspicion is that China will be the next world power because they tell more people what to do, and they are more controlling. More free? Of course not. But more planning, organization, consistency, and coordination take place under their model. We in the U.S. use the “herding cats” model, and there are benefits and costs associated with it.

We’ve needed more inventors for years, and few in our country have paid attention to that issue.

]]> By: Greg Bacon http://www.midwestfreepress.com/2009/10/01/the-false-american-economy/#comment-7019 Greg Bacon Sun, 04 Oct 2009 12:50:31 +0000 http://www.midwestfreepress.com/?p=2264#comment-7019 How many times in the past have you heard the phrase, "Consumer spending accounts for 2/3rd's of the economy?" What's that, haven't heard that bunk lately? Maybe it's because we're entering a 'jobless recovery?' Is that like being 'kinda pregnant' and do both happen the same way? How many times in the past have you heard the phrase, “Consumer spending accounts for 2/3rd’s of the economy?”

What’s that, haven’t heard that bunk lately?

Maybe it’s because we’re entering a ‘jobless recovery?’

Is that like being ‘kinda pregnant’ and do both happen the same way?

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