what will really fix this economy.....
@barrettsbabygirl (20)
United States
December 12, 2008 9:34pm CST
In this horrible economic climate, one must wonder what will really fix the problems our economy is facing? In years past, things like the industrial revolution and the dot com bubble have helped us out of recession and prevented a teetering economy from going over the edge, but it isn't looking like anything of that nature is going to happen this time. I am in agreement with the author L Friedman, who wrote the book "Hot, Flat & Crowded". We need a green revolution. Green technology could do for us what the industrial revolution and the dot com thing did, and it has the potential to be even more successful. What do you all think about this? What should we do to help strengthen our economy?
2 responses
@dsuh2010 (23)
• United States
13 Dec 08
Green technology will probably help aid in reducing foreign dependency; fortunately, Obama was all for Green technology. Other than that, I also think that we should decrease executive jobs or at least cut their salaries because there is some sort of elitist hierarchy in the US (there will never be a society on Earth that will have a 'equally' divided society), who drain most of the funding that is supposed to go to the people. Yet, with this hierarchy, there is an inevitability that there was to be an economic frenzy.
Also, more Costco, cheaper food, and price cuts on some necessary food.
@barrettsbabygirl (20)
• United States
13 Dec 08
So you are for the "Spread the wealth" theory? I also do not think that it is right for 1% of the population to hold over 50% of the wealth in this country, but that is not the real problem. I think that if they have the most money then they should pay the most in taxes. Executives do get paid exhorbitant salaries that are ridiculous burdens on the financial stability of companies-the Big 3 auto makers are a good example of that. They are not the only ones who have insane salaries-what about professional athletes, musicians and actors who bank millions of dollars a year or pergame or film o whatever? That is completely nutso! A professional golfer like Tiger Woods makes more than the president! I'm not saying that everyone should make equal wages, but the difference between the elite !% and the rest of us is dramatic, radical and astounding. It isn't the real problem though. It boils down to the high cost of evrything and mismanagement by corporate CEO's, OPEC stipulations and government mishandling of just about everything. We need government to work for all people and not just "big business". We need oversight on capitol hill and on Wall Street. We need to start manufacturing products that we are currently importing, and we need to re-think trade agreements, security and the economics of this country It is only going to get worse-much worse-before it starts to get better.
@GADHISUNU (2162)
• India
15 Nov 09
First thing must be reining in unnecessary expenditure and unbridled capitalism. Well, I am not arguing in favor of any welfare measures that smack of communism or a move towards a protectionist or restricted economy. But I am sure that marshalling the resources available within the economy will only give a lasting solution. Instead of looking for quick-fixes or miracle new ways one must place his/her trust in marshalling the internal resources. US has for long allowed without restraint the flow of industrial activity quietly out into the rest of the world.
Why should the economy, by that I mean the unbridled need(call it greed) of the people to keep adding to their apparent statuses(keeping up with the Joneses)by giving way to galloping consumerism? Profitability to operate businesses in the US simply went out the window forcing many US businesses to operate from other lands. This lead to leakage of technology- the mainstay of US Economy which grew on a healthy diet of innovation.
In sum, I would say US gave in to so much speculative growth of its economy as against the hard working creative genius and innovation of the founding fathers. Ever since the dotcom bust more castles seem to have been built on sand.
