a reply to: ketsuko
Okay, so perspective.
First thing first, what is a "recession". That's a gdp loss for two economic seasons in a row. Well, we were towering above all else. What do we
see? A shift of influence and economic output from the west to east, and south... and basically everywhere else.
Is that really such a horrible thing?
Here's another way of looking at it. People talk about the "decline of the middle class in America". Funny the US is "America", as if it were
somehow not two continents. Anyhoo, depending on which stats you look at, we're either close to #1 position, or still at it.
So where are we, truly? We're no longer the undisputed superpower, and coming to terms with being the mere leading power in the world, which is
challenged by other countries on particular bits. We've still got military dominance secured through this quarter of the century, have the highest
GDP, highest PPP by FAR, and are not doing oh so terrible as the propaganda would have people believe.
Yes, we're declining, but from a towering position. Why can't we fall gracefully, and try to level the global playing field a little in the process?
I don't think there's a quick fix here, but there is some
signs of progress in the form of no longer tanking like a super-tanker struck the
bottom of a shallow port.
We're the most technologically advanced nation on the planet, and this age is seeing jobs disappear, not because the tech disappears them, but
because too many are incapable of adapting to the rapid pace of ever emerging jobs. You can still make damned good monies in this country, but you
can't follow tens of millions in a position that is already filled to the rim. If people want to stay essentially obsolete, then complain, well, it
is what it is. Until there is a change in the social contract, and the way we view the necessity of jobs in the face of awesome new tech, this trend
will continue. You can't even get to that new social contract without a global implementation, due to the assumptions which drive the current system
to compete to such a high degree for monetary compensation.