Esol Esek

Time for the U.S. Economy to Reindustrialize

It is true though that there are not anywhere near enough jobs on this planet for the insane amount of population we're staring at, nor is there the resources to sustain same populations and we're at the breaking point, good economy or not. The profit motive may be creative, but its also unsustainable in that if machines do all your labor then noone can buy anything. Turkey is forcing people to stop working at 50 so young people can have jobs. Look for more doomish govt scenarios like this in the future. The world is dunzo.

Time for the U.S. Economy to Reindustrialize

I'm a screaming liberal, but I have to laugh at the pie-in-the-sky notion that a collective-based economy will work better. I actually saw the Soviet economy in action and it was epic-ly inefficient, nearly dead in the water, full of thieves skimming off incoming raw materials to sell on the black market, and managed by bureaucrats who would rather avoid decisions that might make them responsible for anything.
Then again, it was egalitarian in that everyone was nearly poor, and had no official access to any consumer goods. Capitalism can work, just not crony capitalism. It's true though that laissez-faire is a disaster, although we don't really know because the govt played laissez-faire on the way up, and didn't let the thieves get murdered by their own decisions on the way down. Call that govt accomplice crony capitalism. There are countries we can emulate, though, like Switzerland and Taiwan, who have struck the right balance between free markets and regulation.