Think about the US as you would a farm... The farm is finite....2000 acres of production.... The farm started with 100 people.. It now has 200 people...and will have 300 people in 25 years....90 people are 55 years old.... In this case...will there be less goods and production per person ...or more...when the population hits 300...??? Do the current 200 people have a better...more plentiful life than will the soon to be 300 people...???? ....................................................................................
oil-trader You don't have to think outside the box just your blue box: Building contractor Importer Coffee shop owner Building Material distributor Marketing and Advertising restaurateur Transportation Heath and service related industry Painting contractor Plumber Day Trader Gas Station owner Mechanic Food distributor Car Dealer lemonade stand Porn Star Rock Star Tourism Hotels Land Lord ostrich farmer Hedge Fund Manager Banker Land Developer Rental Cars Space travel Harnessing Zero Point Energy Port-a-John Road Construction Mortgage Broker Venture Capital Song writer Movie Production Day Care Bio-Technology Making cheap products in china. Having Cheap programers in India create software to market. Hiring Telemarketers in Romania to solicit business And 1000's more............
Midas you left out - professional poker player or dealer..... I leave that to Bush (space travel) he want to go to the mars you know. As for the others - very "original" thinking Just let me know how your lemonade stands will become the next starbucks.... seriuosly starting a new venue (I know I have tried, is harder than posting nonsense on forums....
His thinking outside the box boils down to a few empty slogans and cliches (see above), his list of jobs is pretty much a small and well-known number of blue-collar, white-collar, sales and small business jobs that cannot be outsourced. Unfortunately he did not come up with a single original thought or idea. He's also probably wrong about biotech, and marketing jobs, they will be outsourced too. It's cheaper to develop new drug in Moscow and new comercial in Bangalore. What's telling is that he did not come up with a single item that this country is going to produce, he failed to mention creation of any kind of either physical or itellectual goods in this country in the future. Virtually all his jobs are sales/services jobs, he pretty much confirmed what I mentioned before - we'll be selling each other insurance and lemonade and renting each other cars. That will certainly assure our leadership in the world's economy and our superpower status.
I like how Cato Institute style slave labor enthusiasts romanticize the poverty wages currently paid by the likes of China. There are not 3B new Bill Gates, because the only way you become an entreprenuer is when you can save 50% of your wages and fund a business. This only happens with industrial or professional jobs. Bottom rung wages are not a path to business formation. The way to the free economy is a free middle class in a ecconomy that pays good wages and salaries, not subsistence wages working for the masters.
oil_trader Sorry friend I already own 3 of the above mentioned companies and am funding a 4th... Keep groveling on this board like the thumb sucker you are,,,, I am laughing all the way to the bank. By the way there is no need to reinvent the wheel.
dddooo, RE:That will certainly not assure our leadership in the world's economy and our superpower status The fact that we have one of the largest stock piles of nukes and a sledge hammer military will keep us a super power for many years. As far as our economy.....I agree with you not because of outsoucing rather because our best schools are pumping out snot nosed kids like you with a sense of entitlement and crippling can't do attitude. While you complain about how bad off we are I see opportunity everywhere. I will leave you guys now to flame me and others who are making a go of it......So go ahead with your paranoid end of days rants. I will no longer bother you. Keep plodding along in life friends. Quote: It is not the critic who counts, not the man who points out how the strong man stumbled, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena; whose face is marred by dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who, at the best, knows in the end the triumph of high achievement; and who, at worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who know neither victory nor defeat.â Teddy Roosevelt
Ok, so I guess Communism now = - opening of trade barriers - increasing the rule of law - opening up barriers to foreign ownership and investment - switching to a stable monetary policy - eliminating many government set prices and allowing the market to set them - creating a stock market - lowering the overall size and scope of government - reducing taxes on capital gains (and recently dividends) - increasing property rights -Taric
Not sure what your point is, that China is not a communist country or what? At any rate China is ranked #112 out of 155 countries in terms of economic freedoms (North Korea being the worst #155). China is behind Zambia, Chad, Honduras, Azerbaijan, Cambodia, Saudi Arabia etc. On a scale of 1 to 5 with 5 being the worst here is China's disastrous economic freedom grades: * Trade Policy 4.0 * Fiscal Burden 4.1 * Government Intervention 3.0 * Monetary Policy 1.0 * Foreign Investment 4.0 * Banking and Finance 4.0 * Wages and Prices 3.0 * Property Rights 4.0 * Regulation 4.0 * Informal Market 3.5 For comparison the USA is ranked #12. http://www.heritage.org/research/features/index/countries.cfm Stop fooling yourself that american companies are going to china for freedoms or superior economic policies. The name of the game is Cheap Labor and nothing else. Having said that I can only add that China is doing good for themselves. At our expense. It's not their fault, it's our own fault. By the time we collectively realize it it's going to be too late.