[QUOTE="cosmostein77"][QUOTE="AmyMizuno"]This revolution of American greed has reached a peak, and is now coming to a turning point. It's gotten so bad that the most recent successful coroprations, such as google have had to develop business models where they are able to give away their products for free (most of google's products are free).
It's quite sad actually, how Americans have been told that this is the American way. The middle class has no more money, and no more buying power. The economy cannot sustain under these conditions. I wonder who's idea it was that the best preforming economy is one where the middle class is under continuous strain. Maybe Rush Limbaughs... I call it Rush Limbaugh economics.
AmyMizuno
Ah yes the "poor" American Middle class with a median income of $43,376, among the highest in the World and has never increased year to year at a rate any less then 1.5 times that of inflation.
I am going to go out on a limb here?
Student?
Because this all sounds like the textbook doom and gloom stuff that my prof's were selling me through my both my undergrads and while it was really interesting seeing something from a singular standpoint, I was surprised at how different it was in reality and in the actual world of business. Which got all the more out there during my Masters.
I quickly realized most of my Finance and Econ profs were career students, who got their undergrads, masters and PhD's but never actually seemed to work in the field they could and did write books on.
If you are a student, I am going to have to make the statement that drove me nuts when I was in school and that is that textbooks don't reflect reality and that while being scholarly and well read is a great thing you its not all as black and white as it would seem from the confines of a lecture hall. Commenting on the tragic state of an economy as a student is about as logical as telling a friend a movie sucks without seeing it because they read a single review in the paper.
If you are not a student, you really need to stop looking at topics from one side of the arguement. Most of the conflict in the world are Grey (or Gray if you are American) and there are normally three sides to every arguement as the old saying goes, yours theirs and the truth.
The United States is not a Totalitarian Regime, and whenever it gets that sort of treatment from its own citizens I have to wonder? Been to Russia as of late? China? Singapore?
Brunei served as the real eye opener for me,
See what the rest of the world has to struggle for every day, that you wake up every morning with and take forgranted.
I'm not an American, but I spend enough time working in the states and abroad to know that you guys have it way better then 90% of your population will ever realize, yet you complain the most about it.
That figure includes the wealthy, poor and the middle cl/a/ss so I don't think it is very accurate. Also, the value of the dollar is constantly decreasing, which over time will erode at the middle cl/a/ss's stagnant wages. Most American's don't get increases in their pay for inflation.I am a student; however, most of my professors are rather neutral, and I couldn't detect any bias from all but a few... You are entitled to your opinion, as am I, and it is my opinion that while we are doing okay as an economy, we could be doing much better. The economy works for you, but for a lot of people, it clearly isn't working.
I'm not so much angry about what I have or what I don't have, because I realize that many people have it worse. I get angry when people hold the United States up as the pinnacle of the world, as if we are the greatest society there has ever been on earth. Give me a break, I would easily say that Japan, Canada, the European Union, Austrailia, New Zealand, and even China (in some ways) is a better country than the United States. We're on a decline because of this mentality that the United States is perfect and can do no wrong.
A point we can somewhat agree on,
But I will take that one in a second,
You are right as for the figure including all incomes, which is why I opted for the Mediun Average over the Mean average (Which is 15% higher) I wanted to see what Joey or Jane Middle of the Road were making, basically what does citizen #150,000,000 make in a year?
The middle ****in the United States is in pretty good shape, but I will fully agree with you that it could be BETTER if not for some rather questionable fiscal policy that started in the mid-1990's.
You make a great comment about the middle being the first to erode, and your very right because middle ****and lower upper middle ****jobs (That are not in the public sector) are often the first to dispate when the economy changes directions, because the high ****have the capital to run the industry and the lower or lower middle are often in jobs that are required to keep the basic wheels of society and production rollin'
Let me use NAFTA as an example,
Canada has a wonderful clothing industry, the quality was good and a good portion of people were employed in some aspect of this industry, but Canada as a whole was a nation of "Miners and Lumberjacks" basically they relied on resources as their primary export.
When NAFTA was signed, the old economy jobs, (IE Clothing) was shipped to Mexico and those labours who were making around the mean average in terms of national salary were without work as that industry crumbled and folks in Mexico did the job at 1/8 the wage.
Those clothing folks became the car and car part manufacturing labour force of the 1990's and early 2000's which saw a 20% increase in the average salary (over and above inflation) and those clothing jobs that we cried about losing ended up being shipped off to Southeast Asia from Mexico.
1st World Nations have the crappy responsability of always having to move forward in terms of the next new industry, if you looked at American manufactured exports (save weapons) the top ten list has changed many times over the last few decades.
Right now you are seeing software design and call centers being exported to India, as you see a rise in the United States exports of Capital Goods (IE Telecommunications goods), but once the smoke settles in a few years you will see the middle ****of the United States seeing another increase at rates higher then inflation and then some.
In some respects all those countries have better aspects then the United States, but in some respects the United States have better aspects then those countries, (I would kill for a White Castle Burger right now for example)
Sure there is American arrogance, but its because there are so many of you.
And the loud mouth antics of Bill O'Riley or Lou Dobbs does not reflect the opinions of every American, but at times we can often assume it does as a global community.
I always thought all New York Yankee fans were jerks, and all Brewers fans were great guys.
But if you look at the size of the fanbase, there are just so many more Yankee fans and the ratio of jerk to nice guy is most likely the same, it just so happens since there are more Yank's fans they are the ones who flood the radio with idiotic calls and the whole base gets the bum wrap.
The US economy could be a lot better, but all and all it could be a lot worse.
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