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#11 | |
Member
Join Date: Oct 2010
Posts: 7,105
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![]() Quote:
All jokes aside, we are at a transitional phase of the world's economy. There will be a great disruption to the existing power structure of petrodollars, and there will be an accompanying disruption to existing jobs. No longer will the US be so incredibly dominant as it once was (at one point our domestic product was equal to the rest of the world's), we are going to become a partner among equals. Some countries like Germany and Japan will be every bit as developed and cutting edge, though with slightly smaller populations, others like China and India will be a powerhouse in population and resources, but perhaps slightly lagging in development. This is a very tough time for many people, but just like the transition during the industrial revolution these changes actually benefit everyone. It is not a 0 sum game. What happened to Britain during that transition? They jumped out to an early lead and then sat on it and were completely passed by. A protectionist, anti immigrant, pull up the drawbridge attitude is simply going to allow China, Germany, Japan and the rest pass us by. Tariffs on solar is, imo, idiotic. Blaming immigrants when the real villains are the bankers and politicians, is criminal.
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