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We are in an economic downturn


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dunstqueen

The standard friends and family with a new infant will commit more than $1,000 a 12 months on dipaers! Ouch! It doesn’t consider an intelligent particular person to know that we are in an economic downturn and that any form of economical assist is one thing that we all would be satisfied to accept.

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Feelin Frisky

I'm not sure I understand the intention of this thread but it provides a vehicle for commentary if you don't mind. So:

 

It is asserted by a lot of people that we are experiencing an economic down-turn or recession. This is no really the case. We are experiencing a unique phenomenon with its own concerns. People at the top are doing just fine. No one else is however. Instead of this being a "recession" in which companies have "cut back" but will be hiring again when the economy picks up, we are experiencing a shift in the world economy of a very different nature. Entire industries which used to operate in the United States have either collapsed or re-located. That means jobs aren't out there waiting for an economic resurgence--they are either being done by someone else somewhere else or they don't exist. In either case they won't be returning by any quick magic. The country thinks it needs jobs. jobs, jobs but what it needs is the industries, industries, industries of which jobs are a part.

 

The manufactoring industry is not what it was and WILL NEVER BE AGAIN. The financial services industry has changed and will never again be what it was. An information technology revolution has also happened and unfortunately, it has mostly been focused only on automating away clerical functions and has not been set to work on automating us into some new economic paradigm in which people can fulfill their potential. All is not entirely bleak however. What we have to do IMO is face the reality that "conventional wisdom" needs to be replaced by something new. There are thousands of things people could be doing to make money and fulfill a positive role. The problem is that innovative ideas are so hard to get backing for. It's not that money is necessarily tight--that's not an excuse--it's that investors want short term profits and only seem to want to put money into things in which they know every detail going in. There are some things where we simply can't know the detail and therefore we have to conventionalise something new between a "business" and mere education.

 

The answer lies in pioneering a longer view of economics and human potentials which lies outside of popular 20th Century Industrial Age reasoning. It's just a question now of someone crashing through with a solution that makes it all academic to the establishment because no one will change while this is only theory. They must be driven to surrender to apparent inevitability. And right now, no one in America has yet built that next big thing to crash through. I know what it could be and therefore I think other people must know what it could be too. It's just a process of changing certain parties minds and getting someone to take some risks. The future is the present until this happens.

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