The water is filled with sharks
Thursday, May 28th, 2009
The failure to learn from mistakes or the blind unwillingness to even consider them is the road that leads to decline that presently defines the path of the USA in spite of the “can do” sprit that is embodied in the Obamas.
Two critics have put it bluntly.
Craig Barrett, the chairman of Intel: “we are watching the decline and fall of the United States as an economic power – not hypothetically, but as we speak.”
And Les Gelb, president emeritus of the Council of Foreign Relations; the quotes are from Power Rules, a recent book of his:
1. “The result is diminished economic strength, a less vital democracy, and a mediocrity of spirit.” (p. 279);
2. “We are now the biggest debtor nation in history, and no nation with a massive debt has ever remained a great power.” (p. 281)
3. “Generations of Americans now, shockingly, read at the grade-school level, and know almost no history, not to mention geography. They are simply not being educated to become guardians of democracy.” (p. 281)
4. “In many areas of public endeavour we are now incompetent.” (p. 281)
The present ambitions of the country far surpass its ability to sustain and support the energy need to maintain its goals, as so many indicators, pre-recession/depression screamed. A population eating its way to an early death can’t sustain a far reaching series of goals.
The banks now saying wham/bang thank you ma’am to the government (of the people, by the people, for the people) and casually planning to pay bonuses that are oblivious to both popular anger and the mess they created for tens of millions of their fellow citizens. What they are now doing is indicative of their contempt for their fellow citizens. They must be brought under government control – strict and enforced government control for two reasons: much of what they do is unnecessary; it is not integral to the productive heart of the nation and more important the difference in basic capacity to manage between those paid hundreds of millions of dollars to manage these large unwieldy dinosaurs and a good 90 of their underlings is miniscule. We will not loose anything by restricting salaries except our fantasies about “freedom”. The so-called “best” are replaceable.
And the largest irony is that so many of these new instruments (dollars making dollars not products) were ostensibly created to reduce risk. A moment’s reflection on that fact should produce hysterical laughter.
And the kicker who but an ingrained blind class could cling to leaders who wrecked such havoc.
That is the largest irony in the entire system: men – it is mostly men – should be under charge of facing a firing squad not being placated by large bonuses, partly earned by cheap government money.
In addition all of this activity is predicated upon trillions of dollars of sunk infrastructure costs. For anyone in this extended class to begrudge, those less fortunate, future infrastructure costs, is indicative of a shortsightedness that seems to be a leitmotiv in American history.
Our productivity is directly correlated to the infrastructure that allows commerce to flourish. Money spent on infrastructure is integral to our wealth. Let it be degraded or do not build new infrastructure and we will be has-beens in this world of instant at your fingers currency flows.
We need roads, airports, broadband and wireless networks that are second to none and deal everyone into the game. Without the physical structure in place, entrepreneurial enabling will not occur, ideas will not produce new opportunities. Stagnation will occur.
Yet all of this will be empty without a healthy, well-educated thinner workforce.
I live surrounded by ignorance.
Ignorance not stupidity.
Ignorance is curable.
That ignorance is the basis of so much crime – a shortcut in lives deprived of opportunity.
Our basic educational system is crumbling.
Our healthcare, given the obesity epidemic is a costly shambles.
Education and health care are the basics of a strong workforce. A workforce that will determine the future of America.
Knowledge is our most important product, both as a commodity and as an enabler of our people – those who produce our products.
To grumble about spending on education and health care is to look backward, to guarantee the US of A, a continuing decline, for we are in decline, precipitated by eight years of the Bush no-nothing presidency.
With the grace and intelligence Obama possess, a new morning, in spite of our hangover, is possible.
It requires much courage.
Do we have it?
The Shock Doctrine